According to World Health Organization officials, the highly contagious delta variant is the fastest and fittest coronavirus strain yet. WHO warned that it would pick off the most vulnerable people, especially in places with low coronavirus vaccination rates. Dr. Mike Ryan, an executive director of the WHO’s health emergencies program, announced Delta is likely to …
WHO reported delta is the fastest and fittest COVID strain Read More »
China, a fast-growing wine market, plans to turn its primary wine-producing region of Ningxia into a center of top-quality wine production. It also plans to compete with international brands and boost the local economy. The latest news revealed that the Asian giant aims to turn Ningxia into one that rivals France’s Bordeaux. A plan, which …
China aims to turn Ningxia into France’s Bordeaux rival Read More »
On June 17, North Korea’s leader Kim Jong Un has announced his country is facing problems amid reports of food shortages and inflated prices for basic goods. According to Korean Central News Agency (KCNA), Kim Jong told the plenary meeting of the Workers’ Party of Korea the nation was experiencing a tense food situation. North …
Kim Jong says the food situation in North Korea is troubling Read More »
Vaccine policy will be the most important economic policy this year as the world tries to rebound from COVID-19. This is according to International Monetary Fund (IMF) chief Kristalina Georgieva She also added that vaccine policy might beat even monetary and fiscal policy in terms of significance. The International Monetary Fund announced earlier in April …
IMF chief says vaccine policy will top all other policies Read More »
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 »
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