Created by: Sam Tenney
- All countries in the organization for economic cooperation and development have finally agreed to the proposed global tax agreement for multinational corporations. This new agreement is expected to generate $150 Billion in global income. OECD has not laid out a timeline for the rollback of regional laws.
- Chinese manufacturing centers of the country are facing large power shortages as the price of coal has gone up nearly 300% in the region. Currently analysts are predicting a 15% decrease in industrial output as the Chinese rust belt faces these coal shortages.
- Crude oil has hit a 7-year high, recently crossing above $80 a barrel. The last time oil was this high was 2014, and just a year and a half ago oil was trading as low as negative prices.
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