Russia’s invasion of Ukraine has significantly increased the price of commercial fertilizers. Nearly two decades ago, Abe Sandquist had to really wrack his brain on how he could sell cow dung. He had to work really hard to convince farmers… Read More ›
Entrepreneurship
China aware of economic consequences if it invades Taiwan
In a statement U.S. Deputy Secretary of State Wendy Sherman said, sanctions imposed on Russia should give China a “good understanding” of the consequences should it provide material support to Moscow. The “range of sanctions” and export controls on Russia… Read More ›
Sanctions need to safeguard EU’s economic interest
With Western countries rolling out new sanctions against Russia midst the roll out of horrifying images of war crimes in the Ukrainian city of Bucha, it has become clear that their easiest sanction options have now been exhausted; there are… Read More ›
Uber Is Attempting To Create A “Superapp” For Travel By Incorporating Aircraft, Trains, And Rental Cars
Uber is moving forward with its aim to become a “superapp” for travel. The San Francisco-based company announced on Wednesday that it will expand its U.K. app this year to include trains, buses, airlines, and auto rentals. The move is… Read More ›
Sanctioned Russian bank VTB makes bond coupon payment in Rubles
In a statement the National Settlement Depository said, Russian lender VTB has made coupon payments in roubles to holders of its domestic subordinated bonds denominated in dollars and euros. Russia’s ability to continue to service its debt in foreign currencies despite… Read More ›
UK, Australia and US agree to collaborate on hypersonic weapons
In a significant development, the United States, Britain, and Australia agreed to collaborate on developing hypersonic weapons and electronic warfare capabilities. The new AUKUS alliance, launched in September 2021, prompted Australia to cancel a contract for a conventional French submarine… Read More ›
South Korea increases weekly international flights from May
On Wednesday, South Korea said it will allow increase the number of international flights per week allowed to enter into the country beginning from May. The development marks a continued easing of anti-coronavirus measures with the Omicron wave on the… Read More ›
State Department approves weapons sales to Taiwan worth $95M
In a statement the Pentagon said, the U.S. State Department has approved the potential sale of defense equipment to Taiwan including items to support the Patriot Air Defense System and training in a deal valued at up to $95 million…. Read More ›
World Bank Lowers Prediction For East Asia’s Growth In 2022 Due To The Ukraine Conflict
The World Bank lowered its 2022 growth prediction for East Asia and the Pacific to reflect the economic impact of Russia’s invasion of Ukraine, warning that if the situation worsens, the area could lose even more momentum. In a research… Read More ›
Russian Auto Industry Is Grinding To A Standstill As A Result Of Ukraine Sanctions
Thousands of auto employees have been laid off, and food prices have risen as Western sanctions hit Kaluga, a small Russian city known for its international carmakers, with more sanctions sure to follow. Since 2006, the Kaluga area, located 190… Read More ›