Laos has experienced a frightening debt crisis in recent years, which has sparked concerns about the tiny country’s debt to China, its largest creditor. In late 2013, China emerged as the biggest foreign investor in Laos, and ever since, its… Read More ›
The closing of the nation’s central bank, a key campaign promise, is a “non-negotiable matter,” according to a statement from Javier Milei’s office released on social media site X on Friday. The outsider libertarian economist made the remarks in reaction… Read More ›
The eagerness of Argentines to accept change was demonstrated by Javier Milei’s triumph over Economy Minister Sergio Massa in Sunday’s presidential election. The economy is in complete collapse, and the rate of inflation is 143%. The outsider Milei rose to… Read More ›
At the COP28 climate summit next week, Germany and Chile intend to establish a club of states to assist developing countries in investing in decarbonizing businesses including steel and cement-making, according to reports in the media based on information from… Read More ›
Three significant Greek shipping companies have ceased transporting Russian oil in recent weeks in order to evade the U.S. penalties now placed on certain shipping companies who do so, according to four merchants who spoke to Reuters and shipping statistics…. Read More ›
Even if the OPEC+ countries continue their production cutbacks into 2024, there will still be a small supply excess in the global oil market, the head of the International Energy Agency’s (IEA) oil markets and industry division told Reuters on… Read More ›
Three sources involved with the discussions told Reuters in India and Europe that France, supported by the United States, intends to seek a halt to private funding for coal-based power facilities during the U.N. climate conference later this month. India… Read More ›
The world’s leading luxury companies are vying for the likes of affluent businesswoman Diana Wang in an attempt to expand in China, their second-largest market. Wang, an investor and owner of a fashion brand bearing his name, is based in… Read More ›
Japan’s economy shrank from July to September, ending two quarters of growth fueled by exports and sluggish consumption. This made the central bank’s efforts to gradually reduce its large monetary stimulus programme more challenging in the face of rising inflation…. Read More ›
Although China’s retail sales and industrial output growth in October exceeded forecasts, the country’s overall economic picture showed notable areas of weakness, with the crisis-ridden real estate sector still threatening a full-blown recovery. The second-biggest economy in the world has… Read More ›
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