Economics

Summary: This week

Looks like America never got its wish to lower inflation to 2% in 2023, but that's in the past.

Drama in the Red Sea raises shipping insurance and worries in the shipping business as many boats are under constant pressure, due to the many naval conflicts in the area recently. (See Shipping section)

Travel economies are getting more popular, mostly in China and other destinations in Asia after the pandemic got less severe (See Travel section).

America's major election is happening! If Nikki Haley wins, she could be the first female president! Many other candidates are coming close behind.

Shipping

Total Drama by Matthew Yi

Red Sea shipping is getting more and more complicated as recent naval issues occurred in the area. Prices have gone up and insurance too, as boats are sailing by an area of constant drama. The American, British, and other navies have gotten involved in one situation as one situation got severe, but fear not, you still will get your packages on time!

Panama Panic by Matthew Yi

Have you heard? Water is running out in the Panama Canal, apparently. This unexpected situation impacted the shipping industry, since the Panama Canal is an important shipping area, connecting the Atlantic and the Pacific Oceans. Inflation is going back up and shipping losses are more severe. So the next time you think about water never running out, think twice.

Travel

Travel advisory: https://www.smartraveller.gov.au/destinations

WARNING! THIS WEBSITE was made for Australians, so some of it may not be relevant to you / is not true for you!

Sunny Side Up by Matthew Yi

Have you been looking into your vacation plans? Perhaps you should add one more event, a cruise! Currently the largest cruise ship is being made by Royal Caribbean, the Icon of the Seas. The next time you want to go down south to the sunny Bahamas, make sure to hop onto this one.