On June 15, the U.K. and Australia announced a free trade deal. The British government hailed it as an essential step in building new trade relationships following its exit from the E.U. According to the U.K. government, the free trade agreement suggests it will cost less for British businesses to sell products such as cars, …
As we know, there was a critical shortage of shipping containers due to the pandemic, including massive blockage in the Suez Canal. Now, businesses and consumers face another shipping crisis, as a virus outbreak in southern China disrupts port services and delays deliveries. Additionally, the crisis is lifting costs again. The Chinese province of Guangdong …
Another shipping crisis arises as COVID fears in China boost Read More »
The leaders of the G-7, a group of the world’s largest advanced economies, issued a joint statement on Sunday. It promised to enact measure on coronavirus, China and global corporate tax. After meeting, the leaders pledged to secure 1 billion more vaccine doses over the next 12 months directly or via the World Health Organization’s …
G-7 pledged to enact measures on COVID-19, China Read More »
The Group of 20 economies witnessed gross domestic product return to pre-COVID levels in the first quarter of the year. However, with large differences emerging between nations. According to the latest data from the Organization for Economic Cooperation and Development published Thursday, GDP of the G-20 area increased by 0.8% in the first quarter, compared with …
G-20 GDP returns to pre-COVID level, recovering 3.4% YoY Read More »
Economists expect inflation to hit historical levels for May. According to the US Bureau of Statistics, the core consumer price index has increased 3.5% on a year-over-year basis. Thism in fact is the fastest annual pace in 28 years. Economists expect both core and headline CPI to increase by 0.5% in May. In addition, CPI …
Economists expect inflation to hit historical levels Read More »
As we all know, China has been a major coronavirus vaccine supplier to much of the developing world. According to some experts, this effort could bolster China’s global influence and strengthen its ties with other countries. However, a health governance and policy expert say that the U.S. is now catching up. Remarkably, the White House …
US-China competition rises on Covid vaccine diplomacy Read More »
China’s producer price index increased 9% in May from a year ago as commodity prices boosted. This is according to the National Bureau of Statistics. Remarkably, it’s the fastest rise in production prices since September 2008, when the index surged 9.13%. While the gains exceeded expectations of an 8.5% increase, the rise does come off …
China’s producer prices rose 9%, the fastest rise since 2008 Read More »
According to the World Bank, critical measures need to be taken during the COVID-19 pandemic recovery to return women to work and get them back on the path to gender equality. We all know that Gender equality is a fundamental human right and a necessary foundation for a peaceful, prosperous and sustainable world. There has …
Critical measures are required to return women to work Read More »
Bank of America CEO Brian Moynihan thinks that the United States is starting to win the war against coronavirus. In addition, he believes that the economy is reaching pre-pandemic levels. The economy contracted considerably during the pandemic, declining by about 3.5%. Remarkably, more than 400,000 small businesses closed, and some Americans had to rely on …
The U.S. economy is reaching pre-pandemic levels Read More »
On Thursday, U.S. President Joe Biden signed an executive order expanding a Trump-era list of Chinese firms blacklisted for their alleged ties to the country’s military. An executive order Biden signed brings to 59 the total number of Chinese companies banned from receiving American investment. Meanwhile, it shows how his administration continues some of the …
Joe Biden tightens ban on U.S. investments in China Read More »
Europe doesn’t seem likely to reduce its dependency on Russian energy any time soon. The much-discussed construction of the Nord Stream 2 natural gas pipeline, linking Russia with Germany via the Baltic Sea, is now almost completed, with just 100 kilometers left to build. Remarkably, signs suggest Moscow and Washington won’t allow the issue to …
Nord Stream 2 natural gas pipeline is almost completed Read More »
According to the latest news, the World Health Organization (WHO) has approved the Sinovac coronavirus vaccine for emergency use. Notably, it is the second Chinese vaccine to get the WHO’s approval after Sinopharm. The WHO announced it prevented symptomatic disease in 51% of those vaccinated and prevented severe symptoms and hospitalization in 100% of samples. …
Climate activists who won against Western majors have some supporters in the oil capitals of Saudi Arabia, Abu Dhabi, and Russia. Notably, defeats in the courtroom and boardroom mean Royal Dutch Shell, Chevron and ExxonMobil are all under pressure to cut carbon emissions faster. This is good news for Saudi Arabia’s national oil firm Saudi …
Shell Dutch ruling is beneficial for OPEC and Russia Read More »
According to the Commerce Department, a key inflation indicator increased a faster-than-anticipated 3.1% in April as price pressures built in the rapidly expanding U.S. economy. The core personal consumption expenditures index was anticipated to rise 2.9% after increasing 1.9% in March. Fed officials believe the measure to be the best gauge for inflation, though they …
Intelligence officials told the White House that they have a large amount of unexamined evidence related to the origins of the coronavirus pandemic. Remarkably, it is part of what prompted U.S. President Joe Biden to announce publicly he ordered a deep investigation to find the source of the pandemic. Both announcements follow months of growing …
Intelligence officials have unexamined data on COVID origins Read More »
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