The U.S. State Department has approved the sale of mobile rocket launchers to Australia. The development comes at a time when Canberra is seeking to boost its military presence in the Indo-Pacific region, midst growing Chinese belligerence. In a statement… Read More ›
Monkeypox’s unexpected arrival in multiple nations around the world is a worrying outbreak, according to the chairman of the Coalition for Epidemic Preparedness Innovations, but the virus does not pose the same worldwide threat as Covid-19. His remarks come as… Read More ›
The World Bank’s chief economist has warned that Russia’s invasion of Ukraine might trigger a global recession if food, gasoline, and fertiliser prices rise. On Wednesday, David Malpass said it’s tough to “see how we avoid a recession” during a… Read More ›
According to a senior Egyptian official, Cairo will position itself as an impartial arbiter while hosting this year’s COP27 climate summit. It will pushes nations to act on their climate pledges while promoting the interests of the developing world. In… Read More ›
Even as the United States gets ready to tighten sanctions and counters Iranian threats, it is at the same time making efforts to revive the 2015 Iran nuclear deal. “We do not have a deal … and prospects for reaching… Read More ›
In a significant development a new law is steaming ahead in Russia which allows the state to take control of local businesses of western companies that decide to exit from the Russian market following its invasion of Ukraine; the move… Read More ›
According to a highly respected business survey released Wednesday, corporate executives are pessimistic about their outlook, with an overwhelming majority of them now forecasting a recession. According to the Conference Board’s survey of CEO sentiment, 57 per cent of the respondents now expect inflation to… Read More ›
J.D. Power and LMC Automotive, two consultant firms in the auto industry, have both lowered their worldwide light vehicle sales projection for 2022, citing lockdowns in China as well as the ongoing conflict in Ukraine as the factors that has impacted auto manufacturing in the sectorsecin. The… Read More ›
Marks & Spencer is shifting away from town centres, citing an increase in online clothing and homeware sales. During the pandemic, the firm stated, the shift to online purchasing “raised the pressure” to shrink its clothes and home trade space…. Read More ›
Members of the World Health Organization formally decided to overhaul the organization’s finance mechanism, which has been characterized as “fundamentally rotten” because to its dependence on the whims of donors. The strategy, which has already been agreed to last month by… Read More ›
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