Economy of jordan

LOS ANGELES: Emily D. Baker is exasperated. In the penultimate week of Amber Heard and Johnny Depp's defamation trial, Baker at times rises from her seat in her home studio or fans herself with a small blue book of the federal rules of evidence as she delivers a steaming critique of Heard's attorney Elaine Bredehoft. "This is preposterous, Elaine! You don't do speaking objections," Baker, 44, seethes as red lights flash to indicate another thousand subscribers have signed up to her channel. A so-called super-chat message flashes across the screen from a viewer who paid US$10 (RM44) to let the audience know she thinks the judge is being too easy on Bredehoft. "This is a mess, and the jury is going to see it's a mess," Baker adds. It is just another day in the weekslong trial for this former Los Angeles deputy district attorney turned YouTuber whose livestreamed commentary has drawn audiences surpassing that of mainstream outlets like Fox or Entertainment Tonight on the platform. As … [Read more...] about Johnny Depp trial is driving a new online economy. This ex-LA prosecutor is all in

American consumers feel lousy about the state of the economy and even worse about the prospects for the future. The University of Michigan’s index of consumer sentiment fell to a final read of 58.4, 10.4 percent lower than the April reading of 65.2 and below the midmonth preliminary May score of 59.1. Economists had expected that the index would hold on to its midmonth level and not decline further. Consumers have been battered by record-high gas prices in May. The average price of gas made new records almost every day for the last two weeks, culminating at $4.60 a gallon on Thursday. A month ago, a gallon of gas averaged $4.134 in the U.S. The Biden administration’s efforts to bring down gas prices and tame inflation have been largely ineffective, undermining public faith in the competence of current political leadership. Consumer views on buying conditions for durable goods reached their worst level in May since the University of Michigan began asking about them in 1978. … [Read more...] about Consumer Sentiment Crashes to Worst Level in Over 10 Years

The gross domestic product (GDP) of India, which is among the countries with the longest school closures during the COVID-19 pandemic, would see the highest decline in South Asia due to learning losses for the young, a new working paper published by the Asian Development Bank (ADB) has reckoned. Starting with a $10.5 billion dent in 2023, the country’s economy could take a nearly $99 billion hit by 2030, translating into a 3.19% reduction in GDP from the baseline growth trends, according to the paper on ‘Potential Economic Impact of COVID-19 related School Closures’. India may thus account for over 10% of the global GDP decline of $943 billion estimated by the ADB on account of earning losses in 2030, with jobs for skilled labour expected to decline by 1%, and unskilled labour by 2% that year. “India has notable enrolment in secondary education and among students in rural areas. Pandemic-induced school closures have also been more extensive there,” the paper noted. Economies … [Read more...] about India’s GDP to take a big hit due to pandemic-linked learning losses for students: ADB study

Moody’s Investors Service has lowered India’s growth forecast for calendar year 2022 to 8.8% from 9.1% projected in March, citing the rise in crude oil, food and fertilizer prices that will weigh on household finances and spending even as interest rate increases to curb inflation will slow the momentum in demand recovery. Moody’s said it expected inflation to average 6.8% through 2022, but added that the Indian economy seemed strong enough to maintain solid growth momentum — unless global crude oil and food prices rise further. “Although we expect headline inflation rates to ease through next year, price levels remain high and will weigh on consumer demand,” Moody’s said about global price pressures, noting that inflation and rising rates would temper India’s economic growth as well. “High-frequency data suggest that the momentum from Q4 2021 [October to December] carried through into the first four months of this year because of strong reopening momentum,” the firm said about … [Read more...] about Moody’s pares India’s 2022 growth hopes to 8.8%

Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine. Brent crude futures gained 87 cents, or 0.8%, to $114.90 a barrel at 1001 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed $1.02, or 0.9%, to $111.35 a barrel. A bigger-than-expected drawdown in U.S. crude inventories in the week to May 20, following soaring exports, buoyed the market on Wednesday. U.S. refiners picked up the pace of activity, boosting overall capacity use to the highest levels since before the pandemic. "The fundamental backdrop ... is getting price supportive as the driving season is approaching and will turn even more bullish once the EU sanctions on Russian oil sales are endorsed by all parties involved," PVM Oil's Tamas Varga said. European Council President Charles Michel on Wednesday said he was … [Read more...] about Oil climbs on tight supply, prospect of EU ban on Russian supply

The European Union (EU) can still strike a deal on a Russian oil embargo in the coming days or look to "other instruments" if no agreement is reached, Germany's Economy Minister Robert Habeck said at Group of Seven talks in Berlin on May 26. The EU executive European Commission proposed the embargo as the harshest sanction yet on Russia after its invasion of Ukraine . But talks have failed to produce a breakthrough so far, with Hungary, Moscow's closest ally in the EU, vetoing the move. Mr. Habeck said all EU countries had to reduce their oil dependency. "That includes Hungary. If you take that as the basis of discussion, then an agreement should be possible. If you include other topics into the question of an oil embargo it will be very, very difficult," he said. Also Read Explained | How dependent is Europe on Russia for its energy needs? "I know that intensive discussions are ongoing. In five days, we have the next EU Council, I assume that that is the … [Read more...] about European Union can agree Russia oil embargo or seek alternative: Germany

Voters do not approve of President Biden in almost any key area, a Harvard-Harris survey released this week found. Biden’s overall approval rating is underwater, as 55 percent disapprove (40 percent do so strongly), compared to 40 percent who approve. The president does not fare much better on individual issues as he continues to lose support month by month. Just 35 percent, for example, approve of his handling of the economy, reflecting a three-point drop in the last month. As a comparison, 56 percent approved of former President Donald Trump’s handling of the economy right has he departed office in January 2021: Stimulating Jobs Fighting Terrorism U.S. President Joe Biden delivers the commencement address during the graduation and commissioning ceremony at the U.S. Naval Academy Memorial Stadium on May 27, 2022 in Annapolis, Maryland. 1,100 sailors and Marines graduated from the service academy. (Chip Somodevilla/Getty Images) Immigration Foreign … [Read more...] about Poll: Voters Reject Joe Biden in Most Key Areas

The number of oil rigs operating in the U.S. declined by two to 574, according to oil services giant Baker Hughes. Oil prices have risen to the highest level since the end of March, due in part because of a decline in U.S. oil inventories and an expected boost in demand for gasoline as the U.S. heads into summer. The average price for a gallon of gasoline hit an all-time high of $4.60 on Thursday. Crude inventories fell by 3.4 million barrels in the week ended May 13, defying forecasts for a build in the oil supply Gasoline stocks fell by 4.8 million barrels, much larger than the 100,000 barrel decline expected. Last week, crude inventories fell by 2.4 million barrels and gasoline by 5.1 million. The supply contraction occurred despite a five million barrel release from the Strategic Petroleum Reserve. The decline appears to be due to a fall in the number of offshore Louisiana rigs. The rig count in Louisianna, counting both natural gas and oil, fell by three. Texas and … [Read more...] about ESG Energy Crisis: U.S. Rig Count Drops Despite Soaring Oil Prices

As Robespierre discovered in the summer of 1794, it is tough to keep your head when everyone else is losing theirs. After seven weeks of grinding grimness, the stock market found itself in the grip of euphoria as we stumbled toward Memorial Day. The major indexes all broke their losing streaks to rise more than six percent for the week. Both the S&P 500 and Dow Jones Industrial Average had their best weeks since November 2020. Investors were encouraged by better than expected results from Dollar Tree, Ross Stores, and Costco that appeared to show that consumers had not gone into hiding despite their extremely gloomy mood. The earnings were so good that they vanquished any memory of the miseries summoned in the prior week by the likes of Walmart and Target. The once recently reviled Walmart found favor with investors, rising seven percent on the week, as did Target, which climbed 8.2 percent. As much as we hate to spoil this era of good feelings, we feel duty bound to point … [Read more...] about Breitbart Business Digest: Consumer Euphoria Breaks the Stock Market’s Slide

Natural gas supplies for Slovakia are secure until the end of next year. The state utility SPP has signed a contract for the supply of Norwegian natural gas that should cover some 32 percent of Slovakia’s annual consumption. The company has also signed contracts for supplies via LNG gas tankers to cover an additional 34 percent of gas consumption in Slovakia, the SITA newswire reported. Skryť Remove ad Article continues after video advertisement Skryť Remove ad Article continues after video advertisement “I can today announce that we have reduced our dependence on Russian gas since June 1 by 66 percent,” Economy Minister Richard Sulík said at a press conference on Friday, May 27. Slovakia has agreed to pump tanker-borne gas from four terminals: in Croatia, Italy, Belgium and the UK. “SPP can thus unload two ships a month,” said Sulík. Slovakia will also rely on Poland's LNG gas terminal once the Slovak-Polish gas … [Read more...] about Slovakia secures its gas supplies until the end of 2023