On Tuesday, Germany’s economy minister said the government was working on a new trade policy with China to reduce reliance on Chinese raw materials, batteries, and semiconductors, promising “no more naivety” in trade dealings with Beijing. Last week, sources told… Read More ›
The euro zone’s finance ministers decided on Friday to work together to safeguard consumers and businesses from skyrocketing energy costs, coordinating their support measures with the ECB to prevent escalating inflationary pressures. The ministers from the 19 nations that make… Read More ›
According to U.S. and European officials, the G-7 nations are still looking for additional nations to join their efforts before entering more in-depth discussions about the specifics of the policy, two months after agreeing to investigate price caps on Russian… Read More ›
Even as Europe gets ready to phase out all Russian imports, the continent had been already facing a challenging and unpredictably cold winter when it came to its energy supplies. But on Wednesday, Russian President Vladimir Putin once more threatened… Read More ›
Michael Hsu, Acting Comptroller of the Currency, a significant U.S. bank regulator, warned on Wednesday that the growth of fintech services and digital banking could lead to long-term financial risks and possibly a crisis. “I believe fintechs and big techs… Read More ›
Christian Sewing, the CEO of Deutsche Bank, urged Germany’s leaders on Wednesday to quicken the country’s decoupling from China and issued a dire warning that a recession is imminent. Sewing stated in a speech at the Handelsblatt Banking Summit in… Read More ›
The Biden administration has stated that US tech companies that receive federal funding will be prohibited for ten years from constructing “advanced technology” facilities in China. The policies were unveiled as part of a $50 billion (£43 billion) plan to… Read More ›
Russia has issued a warning that until sanctions are lifted, it will not resume gas supplies along a vital pipeline to Europe. The Nord Stream 1 pipeline was closed for three days for maintenance, and Moscow has blamed Western nations… Read More ›
The problems in China’s residential property market are predicted to worsen this year as homebuyers remain wary, with economists now forecasting a decline in home prices in 2022 and a speedier fall in property sales than predicted earlier. According to… Read More ›
G7 finance ministers are expected to finalize plans on Friday to impose a price cap on Russian oil in order to reduce revenues for Moscow’s war in Ukraine while keeping crude flowing to avoid price spikes, according to G7 officials…. Read More ›
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