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In 2021, Brazil's worst drought in almost a century threatened its electricity supply. [6] [7] Brazil relies on hydropower for two-thirds of its electricity.[8]Euractiv reported that European Commissioner for Climate Action Frans Timmermans told the European Parliament in Strasbourg that "about one fifth" of the energy price increase "can be attributed to rising CO 2 pricing on the EU's carbon ...
As the world economy has struggled to regain its footing amidst the events of the past few years, Chinese exports have skyrocketed in the global market, rapidly increasing production to cover the quickly-rising global demand. In just one year, China's trade surplus with the US alone rose to $335.5 billion in 2021, up from $308.1 billion in 2020.
The World Economic Forum's Global Risks Report 2023 described food supply crises as an ongoing global risk. [26] The Russian invasion of Ukraine and crop failures from climate change worsened worldwide hunger and malnutrition . [ 27 ]
Business and economy Homelessness in the United States U.S. homelessness hits a record high in 2024, increasing by more than 18% the past year, due to causes such as high housing costs , natural disasters , and a spike in migration to major cities .
That's $455 million at current exchange rates, but at the start of 2024, it would have been worth $496 million. South Korea boosted its pledge by 45% to 846 billion won, ($597 million), Britain by ...
Failure could shock bond markets with potentially severe economic consequences. Democrats had pushed for a longer bill, funding the government through the end of its current fiscal year, which ...
Given the complex nature of the situation, the current housing shortage is likely to persist for some time. While lower interest rates may help, that alone is unlikely to solve the problem completely.
[5] Economic theory views absolute and relative scarcity as distinct concepts and is "quick in emphasizing that it is relative scarcity that defines economics." [6] Current economic theory is derived in large part from the concept of relative scarcity which "states that goods are scarce because there are not enough resources to produce all the ...