All posts tagged "Global Economic Crisis"

Secretary of Energy Chris Wright on Thursday didn't confirm or deny whether oil would hit $200 a barrel as gas prices continue to surge and the conflict in Iran has escalated to a global economic crisis.

CNN International host Becky Anderson spoke with anchor and correspondent Eleni Giokos about how the U.S.-Israeli strikes in Iran have prompted Iran to block the Strait of Hormuz and strike back at the international oil market. Iran has signaled that it aims to spike oil prices to $200 a barrel.

"I think it basically contradicts a lot of what we heard from the Energy Secretary, and we know he was asked about whether oil is going to hit $200 a barrel," Giokos said. "He couldn't definitively say no and I think that's very telling about where we are and also, quite interestingly, when he was asked about naval escorts, he says we were not ready for that yet, it will happen at the end of the month, but hang on, we thought this was hopefully going to end by the end of the month, which obviously isn't the timeline that's realistic." ...

By Yana Marull

The pressure on London bankers to get to grips with the global financial crisis has led to stress, depression and insomnia among City workers, affecting even the most experienced bosses.

Nearly half of China's wealthiest citizens are considering emigrating, with the United States and Canada the most popular destinations, according to a new report from the authors of China's rich list.

SYDNEY (Reuters) - Police broke up a Sydney protest camp inspired by the Occupy Wall Street movement in an early morning raid on Sunday, making dozens of arrests, police and protesters said.

WASHINGTON — Republican Representative and presidential hopeful Ron Paul aims to meet with the head of France's far-right National Front party, Marine Le Pen, during her upcoming U.S. visit, his office said Wednesday.