US Credit card debt reaches a record of $1.13 trillion
However, this is in nominal terms. If we take prices from the first quarter of 2000, it’s not yet a record. There’s still room to grow. Interest and fees on…
What the cocoa deficit will be this season?
This week, the media reported that significant cocoa processing facilities in Ghana and Cote d’Ivoire have halted or decreased operations since they cannot afford to buy cocoa beans. Consequently, there…
Sweet troubles
Large cocoa processing plants in Ivory Coast and Ghana have stopped or reduced processing because they cannot afford to buy beans, according to four trade sources. This means that chocolate…
African cocoa plants reportedly exhaust their bean supply as the worldwide chocolate crisis is intensifying
Major cocoa facilities in Ghana and Cote d’Ivoire have stopped or reduced production because they cannot afford to purchase beans, the Western media reported, citing four trade sources. As a…
US budget deficit for 2024 reached a historic high of $828 billion
This significantly exceeds the deficit in 2023 ($635 billion) and the previous record in 2021 ($763 billion). The deficit in February amounted to $296 billion compared to $262 billion in…
Brits go bankrupt
The number of bankruptcies in the United Kingdom has almost reached the level of the 2008 crisis and is poised to set a historical record. The reasons are the same…