As the country grapples with its greatest financial crisis in more than 70 years, Sri Lanka has defaulted on its debt for the first time in its history. On Wednesday, a 30-day grace period to pay $78 million in overdue… Read More ›
Sustainability
A Member Of The European Central Bank Predicts The First Rate Hikes To Be This Summer
According to reports, the ECB will shortly raise rates for the first time in more than a decade, according to a member of the central bank’s governing council. The ECB has been criticized for taking a less forceful monetary policy… Read More ›
Canada Will Join The Five Eyes Allies In Banning Huawei/ZTE 5G Equipment
Canada is set to impose a ban on the usage of equipment from the Chinese tech companies Huawei Technologies Co Ltd and ZTE Corp for in the country’s 5G network with the aim of national security. With this move, Canada… Read More ›
Crypto-Loving South Koreans Gamble On Luna Rising From The Ashes
South Korean speculators have poured into Luna, a cryptocurrency that lost 99.99 per cent of its value last week after its linked stablecoin TerraUSD failed, figuring they have little to lose with prices so outrageously low. Both coins are linked… Read More ›
Ukrainian ports blockade could be lifted once sanctions on Russia are reviewed: Andrei Rudenko
In a news bulletin Interfax news reported, Russia said sanctions by the West will have to be reviewed if it were to heed a U.N. appeal to open access to Ukraine’s Black Sea ports so that grain could be exported…. Read More ›
Why Hasn’t Indonesia’s Prohibition On Palm Oil Exports Lowered Cooking Oil Prices?
Indonesia, the world’s largest supplier of palm oil, has banned shipments of the edible oil since April 28 in an attempt to flood the domestic market with supply in order to control rising cooking oil prices. Despite these strict rules,… Read More ›
A Record Number Of Polluters Have Committed To Reducing CO2 Emissions
According to a UN-backed research, a record number of major polluters have committed to reducing CO2 emissions. However, corporations in Asia, Africa, and Latin America fall behind those in Europe, the United States, and Japan, according to the Science-Based Targets… Read More ›
Shell Will Divest Its Retail Business In Russia To Lukoil
Shell has agreed to sell almost 400 of its petrol outlets in Russia to Lukoil, the country’s second largest oil company. Shell Neft, the company’s Russian business, will be sold for an unknown amount. Following Russia’s invasion of Ukraine, many… Read More ›
Recession Fears Grow In The UK As Spending Is Hit By Inflation
Analysts have warned that the possibility of a recession has increased after the UK economy fell in March, just as the country was recovering from the pandemic. Higher prices are “starting to bite,” according to the UK statistics authority, with… Read More ›
Chinese property developer Sunac China misses deadline for $742M offshore bond payment
Chinese developer Sunac China has missed the deadline for a coupon payments on a $742 million offshore bond and said, it doesn’t expect to make payments coming due on other bonds as well. The development adds to the wave of defaults… Read More ›
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