According to a senior US official, the United States plans on investing in five to 10 large infrastructure projects across the globe in January 2022 as part of a broader Group of Seven initiative to counter China’s Belt and Road… Read More ›
Economy & Finance
Discussions at COP26 focus on climate finance
On Monday, Governments are scheduled to push for an agreement to help vulnerable countries deal with global warming and compensate them for damages that have already occurred, in what is likely to be a test whether rich nations and developing… Read More ›
Fully vaccinated travelers can now travel to the United States
On Monday, in the first time in two years, the United States allowed non-US citizens to fly into the country as long as they were fully vaccinated. In 2020, the United States had imposed travel restrictions to stem the spread… Read More ›
Unexpected Drop In Euro Zone Retail Sales In October Due To Weak German Performance
Retail sale number in eurozone fell unexpectedly in September as the largest economy of the bloc – Germany, did not perform to expectations with sluggish non-food sales, according to Eurostat statistics released on Friday. Retail sales in the 19 eurozone… Read More ›
China Imports Its Three-Year Lowest Volume Of Crude Oil In October
Large state-owned refiners in China deferred purchases of crude oil due to rising prices and independent refiners remained constrained by import limits resulting in the country’s crude oil imports dropping down to their lowest level since September 2018. According to… Read More ›
Another Chinese Real Estate Giant Misses Key Bond Payment, Raising Further Concerns In The Property Market
Shares of another Chinese developer were suspended from trading after it failed to service a payment deadline, and this exasperated the already precarious real estate market of the second-largest economy of the world. The Hong Kong Stock Exchange suspended trading… Read More ›
Kroger Investigating Fake Press Release Touting Bitcoin Cash Acceptance By The Firm
Kroger Co is investigating the issuing of a bogus news release claiming that the company will accept bitcoin currency at its shops, the grocer announced on Friday. This made the company the second big retailer in recent weeks to be… Read More ›
20 countries pledge to stop public funding of fossil fuel projects abroad by 2022
Twenty countries, including the United States and Canada have agreed to stop public funding of fossil fuel projects abroad by the end of 2022 and instead steer spending into clean energy. The commitment has been termed as a “historic” step… Read More ›
Taiwan lodges trade complaint against China at WTO
Taiwan has lodged a trade complaint against China at the World Trade Organization following Beijing’s moves to block imports of two types of fruits. Taiwan-China relations have dropped to their lowest in decades following increased Chinese belligerence. China as threatened… Read More ›
Countries plan to build more cheap dirty climate change causing coal plants
While the pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference in Glasgow, big users of coal, the dirtiest of fuels, shunned the move. The COP26 summit aims to find ways to… Read More ›
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