- Girl Economics
- Posts
- Girl Economics || 28th June
Girl Economics || 28th June
Ukraine in the EU, Supply Chain Disruption
In the News
1. A trading glitch on the New York Stock Exchange caused Berkshire Hathaway shares to plummet 99%, leading to $48 million in losses for Interactive Brokers as customers rushed to buy the suddenly cheap shares, only for prices to skyrocket once trading resumed, prompting the broker to consider legal action against the exchange.
2. The Bank of England has warned that millions of UK mortgage holders will face higher borrowing costs in the next two and a half years as more than 3 million homeowners still paying interest rates below 3% will see their deals end by the end of 2026, potentially raising monthly payments by £180 on average and significantly impacting household finances.
3. Chinese automakers are expected to expand rapidly, achieving 33% of the global automotive market share by 2030, driven by their cost advantages, faster product development, and localized production strategies, posing significant competition to legacy automakers, particularly in markets outside North America and Japan.
4. EY’s new global chief executive, Janet Truncale, has ruled out an immediate revival of the firm's split plan, which aimed to divide EY's consulting and tax advisory business from its audit division to avoid conflicts of interest and generate cash windfalls for audit partners. The plan, codenamed Project Everest, collapsed last year due to opposition from EY's US arm after more than a year of planning and $600 million in spending.
5. The price of onions in India has risen by 165% over the past year due to poor weather, significantly impacting food inflation and the economy, with the government facing difficult decisions to balance costs, local farming interests, and political pressures.
Written by Natalie A
The European Union (EU) is a partnership of 27 states, with a further 8 countries currently hoping to join. As a customs union, members of this trade bloc take advantage of free trade, free movement of people and goods, and investment from EU funds. However, the EU is not just about economics, it is also heavily tied up in European security.
Supply chain disturbances prompt 69% of UK firms to source more locally in 2024
Written by Damilola O
Supply chains are complex networks essential for distributing products and services from firms to consumers. Current trends display shifts towards local production in an attempt to mitigate economic pressures, with technological progressions like Blockchain enhancing transparency and efficiency. Stabilising supply chains through improved inventory management and manufacturer diversification proves imperative for economic growth.
Opportunities
To learn… | Royal Economic Society Annual Public Lecture |
To experience… | Frontier Economics Insight Day [Sixth Form Students] |
You can find out more about Girl Economics, and read all of our previous articles, on our website. Stay in touch on our LinkedIn page, and visit our Instagram and TikTok pages to keep up to date with all things Girl Economics!
If you have have any questions or feedback, feel free to read out to us directly at [email protected]
The whole Girl Economics Team ♥️
Reply