According to a report from TankerTrackers.com, a third tanker has sailed from Iran carrying Iranian fuel for distribution in Lebanon. Last week on Friday, Lebanese Prime Minister Najib Mikati had said, Iranian fuel shipments, imported by the Hezbollah movement, constitute… Read More ›
Economy & Finance
China’s irrational unilateral trade behavior against Taiwan casts shadow on its application to join CPTPP
Taiwan has threatened to drag China to the World Trade Organization following a statement from Beijing saying it would suspend the import of sugar apple and wax apple citing pest concerns. The move marks the latest spat between Democratic Taiwan… Read More ›
Nigeria moves to overhaul petroleum sector
In a statement Nigerian President Muhammadu Buhari said, he had appointed a board for state-oil firm NNPC and directed that it should be incorporated within six months. The move is likely to allow NNPC to sell shares in the future…. Read More ›
Caribbean nations and Latin American countries push for EU type economic bloc
In a significant development, in a summit that took on Saturday, Mexico’s president and other leaders said, Caribbean nations and Latin American countries should aspire to form a bloc similar to the European Union in a bid to wrest away… Read More ›
China’s Possible Lehman Moment – The Potential Collapse Of Evergrande
Questions are being raised about whether China is facing its own Lehman Brothers moment – wherein the fall of a single company is powerful enough to disrupt markets all around the world. This is because of concerns of a possible… Read More ›
Former World Bank Chief Kristalina Georgieva Denies Report Of Pro-China Pressure On World Bank Report
Allegations that she had exerted pressure on World Bank staff to change a methodology to favour China during her time as World Bank CEO, were denied by Kristalina Georgieva, who is currently the chief of the International Monetary Fund. A… Read More ›
Nearly 2 Mln People A Year Are Killed Because Of Working Conditions, Says UN Agency Report
Every year, almost 2 million people die because of work related reasons, including form illnesses related to working long hours and from air pollution, showed a recent report published by United Nations agencies. In 2016, 1.9 million people all across… Read More ›
India Delivers More Than 22.6 Million Covid-19 Vaccine Doses On Friday
More than 22.6 million people in India were administered a single dose of vaccine in just one day on Friday which was three times the average daily total doses administered during the past month. A number of states of the… Read More ›
More Than Sixty South Korean Crypto Exchanges To Suspend Services
Customers of more than 60 cryptocurrency exchanges in South Korea will be required to be informed of a partial; or complete suspension of trading on the exchanges by Friday midnight in response to a new regulation that is to come… Read More ›
Warburg Pincus Global Growth 14 seeks to raise $16 billion in private equity fund
According to sources familiar with the matter at hand, Warburg Pincus LLC aims to raise $16 billion from investors for its biggest ever flagship global private equity fund. Warburg Pincus is in the “early stages of raising Warburg Pincus Global… Read More ›