Christian Sewing, the CEO of Deutsche Bank, urged Germany’s leaders on Wednesday to quicken the country’s decoupling from China and issued a dire warning that a recession is imminent. Sewing stated in a speech at the Handelsblatt Banking Summit in… Read More ›
Day: September 7, 2022
US Bans “Advanced Tech” Companies From Constructing Factories In China For Ten Years
The Biden administration has stated that US tech companies that receive federal funding will be prohibited for ten years from constructing “advanced technology” facilities in China. The policies were unveiled as part of a $50 billion (£43 billion) plan to… Read More ›
Russia Ascribes The Shutdown Of Its Gas Pipeline To Western Sanctions
Russia has issued a warning that until sanctions are lifted, it will not resume gas supplies along a vital pipeline to Europe. The Nord Stream 1 pipeline was closed for three days for maintenance, and Moscow has blamed Western nations… Read More ›