With a record-breaking average production of 12.9 million barrels per day (bpd), the United States has led the world in crude oil production for the sixth consecutive year, according to a release from the Energy Information Administration (EIA) on Monday…. Read More ›
Mohammed Asfan’s family never dreamed he would wind up participating in the Ukraine war, much less die there, when he travelled from Hyderabad, India to Russia to work as a “helper” in the army. Asfan is one of several Indian… Read More ›
China’s export and import growth in January-February exceeded estimates, indicating a turning point in global trade and providing policymakers with a positive signal as they work to support a faltering economic recovery. With the Asian economies benefiting from a spike… Read More ›
According to a reputable think group, the tax savings included in the UK Budget will not offset the effects of tax rises and price increases. According to the Institute for Fiscal Studies (IFS), households will have less money after this… Read More ›
In an attempt to put aside their intense geopolitical differences, G20 finance ministers discussed the difficulties facing the global economy on Wednesday, and Western nations sparred about how to handle frozen Russian assets. In order to address concerns like poverty… Read More ›
In order to compete with its leaner Chinese rivals who are releasing cheaper vehicles to compete with them on their home ground, Europe’s automakers and their already overworked suppliers are in for a challenging year as they scramble to reduce… Read More ›
Market analysts predict that by 2030, Qatar’s anticipated increase in its production of liquefied natural gas (LNG) may give them about a quarter of the world market, driving out competing projects, even in the US, where President Biden has halted… Read More ›
According to four sources, a group of China South City’s offshore creditors want to sue the developer’s largest state-owned shareholder for unpaid debts. This will be the first case of its kind in the troubled real estate market. Creditors consider… Read More ›
On Saturday, chipmaker TSMC will officially open its first plant in Japan, underscoring the Taiwanese company’s pivotal position in Tokyo’s multibillion-dollar attempts to revive its once-dominant semiconductor manufacturing sector. Tokyo’s rising anxiety over China’s expanding technological superiority and the Taiwan… Read More ›
While a rate cut by the US Federal Reserve later this year may not be good news for the dollar, certain Asian currencies could profit. A nation’s currency gains value when interest rates rise, drawing in foreign capital and boosting… Read More ›
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