In an unexpected twist, Icelandic supermarkets are facing an acute shortage of cucumbers, all due to a viral TikTok trend. The trend, which involves a simple salad recipe featuring cucumbers, sesame oil, and various seasonings, […]
Australian supermarkets are facing a notable shortage of soft drinks, leaving shelves surprisingly empty. The root of the issue? A significant shortage of carbon dioxide (CO2) on the east coast! This shortage stems from local […]
The world is currently facing a significant surge in sugar prices, reaching levels unseen since 2011. This escalation, largely due to reduced global supplies following unfavorable weather in key sugar-exporting countries like India and Thailand, […]
Pop sensation Taylor Swift is not only dominating the music charts but is also making a significant impact on the hotel industry. Her latest “Eras” tour has led to a surge in hotel revenues in […]
Kleenex, a household name for facial tissues, is saying goodbye to Canada due to “unique complexities,” as stated by Kimberly-Clark, the parent company of Kleenex. This decision highlights the importance of understanding market dynamics and […]
Time to uncork a bottle of economic intrigue: the French government and the European Union are shelling out a whopping 200 million euros to… destroy surplus wine. Wait, what? Yep, you read that right. It’s […]
Oil prices have shot upwards following Saudi Arabia’s announcement to cut oil production by a million barrels per day (bpd) in July. This move is part of a broader strategy by OPEC+, a group of […]
Phase one of what will be the world’s largest fully automated port is now complete and the Singaporean government are loving it. Prime Minister Lee Hsien Loong sees the port as a jewel in Singapore’s […]
The UK inflation rate is rising at its fastest rate in 40 years. This is predominantly a result of soaring fuel and energy prices, as well as recent pressure on food costs. Year-on-year inflation for […]
Price goes up, quantity demanded goes down – it is the law of demand and economics 101. Not in the case of Tesla apparently! The electric car manufacturer has recently announced soaring profits of $3.3 […]
Filipino drivers to receive fuel subsidies as oil prices rise […]
Following a high court ruling about Uber’s relationship with their customers, the price of each ride may be about to increase by 20%. The business was previously operated in a way whereby customers entered into […]
A new drug to treat Alzheimer’s has just been approved in the US but there is one big catch… it is really expensive! Priced at $56,000 for a year of treatment, the producer Biogen are […]
Imagine ordering a delicious cheeseburger and fries to your door, only to find out it didn’t come with ketchup. What are you going to dip those fries in?! Disaster… This scenario could become increasingly more […]
What happens when you’ve got too many nuts, and not enough people to sell them too? Easy… you lower the price! That’s the price mechanism in a nutshell… This is exactly what is happening in […]
One thing we will learn from this pandemic is that when people see a crisis coming, they buy A LOT of toilet paper.  The surging demand has been one of the most fascinating and […]
The housing market in the US has had a strong rebound since the financial crisis of 2008. After house prices plummeted just over 10 years ago, the last decade has seen a strong and steady […]
The stats are now out on the performance of the American economy for quarter one of 2020, and it’s not good news. According to the US Bureau of Economic Analysis, the world’s largest economy contracted […]
Since the outbreak of the coronavirus in January this year, there have been numerous economic events which have been simply unprecedented in their nature. The latest of these, in the wacky world of Covid-19, is […]
The market for oil could be set to rebound following the announcement from OPEC that a deal had been reached between the Saudi-led cartel and other major oil producers around the world. This should bring […]
The cost of petrol in the UK is nearing £1 for the first time in four years. This is the result of an extremely volatile start to 2020 for the petrol market as it encounters […]
With three out of four Americans now under some kind of lockdown, that is around 245 million people who now need to cook for themselves every day. Whilst many may be embracing their kitchens and […]
Whilst economies around the world are still on their knees, China seems to have picked itself back up again, after emerging from the worst of Covid-19’s destruction across the country. In battling the virus throughout […]
As consumers around the world look for any way they can to fend off the deadly coronavirus, drinking copious amounts of orange juice has emerged as one of the most popular strategies. Packed full of […]
Lobster, a seafood delicacy which is usually only eaten on special occasions, has seen its price slashed by over 50%. This is great news for American families who can have a luxury dinner at bargain […]
With growing concerns over the spread of the coronavirus in Australia, supermarkets and other retailers have been stockpiling supplies of toilet paper over fears that they may face a sudden shortage. In response to the […]
For the first time in years (perhaps ever!), a warm winter in Germany has led to all German vineyards unable to produce the expensive and popular alcoholic drink known as ice wine. Ice wine is […]
The price of wine is dropping fast in the US as a result of changing patterns in consumer behaviour. Where wine was once the popular choice of alcoholic beverage for many young Americans, demand has […]
Palm oil, which accounts for over 5% of Malaysian exports, has seen a dramatic decrease in stock levels with the figure for January at its lowest since June 2017. The low stock level has been […]
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