The impact of the coronavirus pandemic on consumer demand and exports in South Korea forced its economy into the most severe contraction since the 2008 financial crisis. Analysts fear that the worst for the economy is yet to come. According… Read More ›
Day: April 23, 2020
Unemployment Claims In US Cross 26.4 Million Amid Pandemic Crisis
The economic impact because of the novel coronavirus pandemic on the American economy continues to pile up – evident from a fresh batch of about 4.4 million Americans filing for unemployment benefits last week. The total; number of applications for… Read More ›
China plans on buying 30M tons of U.S. crops for adding to strategic reserves
According to three U.S. sources, China is preparing to purchase 30 million tonnes of U.S. crops for stockpiling to help protect itself from supply chain disruptions due to the coronavirus pandemic. The potential move is also in line with its… Read More ›
U.S. rare earth projects currently underway
In an attempt to minimize its dependency on China, the global rare earth leader, the U.S. government plans to fund domestic rare earths projects. Rare earths are a group of 17 minerals used widely in a plethora of consumer electronics… Read More ›
Renault, Nissan & Mitsubishi Motors set to deepen alliance, share common platform for motors and batteries
According to Japanese daily Yomiuri, Nissan Motor Co, Renault SA and Mitsubishi Motors Corp are set to draft plans to deepen the alliance next month, including the joint development of more electric vehicles (EVs) and self-driving technology. The three companies… Read More ›
Most sectors of the U.S. energy industry staring at bankruptcy
Reeling under a load of debt and in a state of shock from the supply demand gap in what is probably the worst ever crisis to his the oil industry, U.S. shale producers, pipeline and refineries are scrambling to preserve… Read More ›