analysis

The insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest marine losses in history, according to Lloyd’s of London Chief Executive Officer John Neal. https://tinyurl.com/29288tjt

The British economy contracted by 0.2% in the fourth quarter of 2023, marking its first period of contraction since the 2020-21 recession primarily driven by high inflation, soaring borrowing costs and weak external demand. Domestic consumption grew by 0.3% (vs. 0.2% in Q3), bolstered by a notable 2.8% surge in business investment. The economy accelerated to 2.5% in 2022, the weakest annual growth since the 2009 financial crisis, excluding the pandemic year of 2020.

Retail sales in Germany decreased 2.70 percent in February of 2024 over the same month of the previous year. Retail sales YoY in Germany averaged 0.52 percent from 1995 to 2024, reaching an all time high of 14.20 percent in January 2022 and a record low of -7.80 percent in March 2023.

On Wednesday, America signed agreements to purchase 2.8 million barrels of oil from the Strategic Petroleum Reserve** at a price of more than $81 per barrel, $2 above the target price tag.

**The real estate crisis in China** is spreading(https://www.bloomberg.com/news/articles/2024-03-28/china-s-property-crisis-is-rippling-through-its-largest-banks) ** to the country's largest banks. https://tinyurl.com/28eboxrk

It has become known that China built a training site in the Inner Mongolia region, suspiciously similar (a replica of) to the presidential palace of Taiwan and a road map of the city there.** Experts believe that China practiced an invasion of Taiwan at this training ground.

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**World’s Biggest Oil Producers**

China lifts punitive tariffs on Australian wine after three years

Deadly Pakistan attack threats China's Economic ties