The oil crisis of 1973 (also known as the “oil embargo”) began on October 17, 1973. On this day, all the Arab countries of the OPEC, as well as Egypt and Syria, said that they would not supply oil to England, Canada, Netherlands, USA, and Japan since they supported Israel during the Yom Kippur War. […]
Read More →Many business owners or entrepreneurs fear the dreary consequences of going bankrupt: aside from watching their dreams collapse, the end up surrounded by difficult financial circumstances. Any company who has previously gone through bankruptcy would highlight the importance of being alert to the early red flags and signs of corporate bankruptcy and insolvency. Being mindful […]
Read More →The business world as we know has been facing challenging moments during the past years. Oil prices became crazy, companies’ structures became more dynamic, and the idea of being a freelancer or a solopreneur gained more recognition during the past years than it did during the past decades. There are many factors that can be […]
Read More →The last few years have been strange for the oil industry. There hasn’t been a downturn as lasting since the 1990’s and while many are hopeful that prices will soon not only recover but actually boom, a healthy dose of skepticism lingers as it seems like the bounce back is taking longer than expected. Experts […]
Read More →The Organization of Petroleum Exporting Countries or OPEC, has had a say in global oil policies and prices ever since its inception in 1960. The organization is home to the biggest petroleum producing countries and until recently it had immense power in determining just how much one barrel of crude would cost and the effects […]
Read More →Puerto Rico will carry out a debt restructuring for seventy billion dollars according to the island’s governor Rosselló. The US government has asked to activate the bankruptcy process after the announcement of the main creditors at the beginning of the legal process regarding the cessation of payments. He also requested the US Supervisory Board to […]
Read More →Bankruptcy is something many businesses need to deal with, especially those that are small or just started their operations. It is quite common to see how small businesses have to close their doors after just a few years or even months of being launched to the market. Reality has shown that small companies are the […]
Read More →Ever since the Great Recession, Americans have started to spend more money each year enjoying the prosperity of a time of economic abundance, but those habits have certainly changed. Even though people are spending more, they are doing so while avoiding retail stores. Americans today are opting for paying for experiences instead of objects, thus […]
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