A curated roundup of yesterday’s top world economy stories (2026-05-13).

1. High oil prices could turn $9.4B Alberta deficit into $6B surplus: report - BNN Bloomberg

High oil prices could significantly change Alberta’s fiscal balance, potentially shifting a deficit into a surplus.

The report suggests that elevated oil prices have the potential to alter the current fiscal situation in Alberta. Specifically, this change could transform an existing $9.4 billion deficit into a $6 billion surplus. This indicates a direct link between the global oil market and the provincial government’s financial accounts.

This shift would have considerable implications for Alberta’s budgetary management and economic stability.

Source: BNN Bloomberg — Read original

2. The Dollar’s Next Move Will Make or Break Your EDIV Returns Over the Next 12 Months - AOL.com

The future direction of the US Dollar is a critical factor for investment returns over the next year.

This article suggests that the movement of the dollar will significantly influence returns on Exchange-Traded Investment Trust (EDIV) investments over the next twelve months. Changes in the dollar’s value affect the purchasing power of assets denominated in other currencies and influence international trade flows. Therefore, understanding dollar movements is presented as important for assessing investment performance in this period.

This highlights the importance of monitoring currency markets for investors focused on international assets.

Source: AOL.com — Read original

3. Trump’s China Summit Meets Energy Crisis as Markets Price Recession Risk - Crux Investor

Trump’s China summit coincided with an energy crisis, causing markets to price in the risk of a recession.

The title suggests that a meeting between Donald Trump and China took place at a time when the global energy situation was unstable. This context is directly linked to the fact that financial markets are currently factoring in the possibility of an economic downturn. The source, Crux Investor, indicates that this connection between geopolitical events, energy costs, and economic risk is a significant focus for investors.

This situation highlights the interconnectedness of international relations, energy markets, and global economic health.

Source: Crux Investor — Read original

4. The Latest: Trump arrives in China to meet with Xi in Beijing - WOKV

Former President Trump traveled to Beijing to meet with President Xi, as reported by WOKV.

This event signifies a high-level diplomatic engagement between the two leaders. Such meetings typically involve discussions on various bilateral issues. The context of the meeting would determine the specific topics discussed.

The significance of this meeting lies in the ongoing relationship and potential policy directions between the United States and China.

Source: WOKV — Read original

5. Birkenstock warns of higher costs from tariffs, Middle East conflict - Reuters

Birkenstock is warning that costs will increase due to tariffs and the Middle East conflict.

The article from Reuters reports that the company is expressing concern over rising costs. This increase is attributed to the impact of tariffs and the ongoing conflict in the Middle East. These external factors are pressuring the company’s operational expenses.

This situation suggests that geopolitical events and trade policies are directly affecting the cost of goods for companies like Birkenstock. This has implications for pricing strategies and supply chain management within the global economy.

Source: Reuters — Read original