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OPEC is in a downward spiral because of China
Saudi Arabian and OPEC officials do not seem to believe that the world's oil demand will continue to grow rapidly for another generation, as if there had never been electric cars invented and if the Paris Accord did not exist.…
US and Chinese officials meet in Malta before possible Biden-Xi Summit
Jake Sullivan, White House National Security Advisor, met with Chinese Foreign Minister Wang Yi as part of the latest efforts to stabilize US-China Relations ahead of a potential meeting between Joe Biden (US Vice President) and Xi Jinping…
European powers should maintain sanctions to deter Iran’s nuclear ambitions
In response to growing concerns about Tehran's nuclear program, Britain, Germany, and France announced that they would not be removing a number of sanctions against Iran, which were due to expire at the end of next month.
The UK stated…
Gabon finalises first debt-for-nature swap in Africa
Gabon closed Tuesday the first debt for nature swap in continental Africa. This is a sign of how more developing countries are looking to agreements that will funnel money into conservation and reduce their debt burdens.
The $500mn…
Sweden is poised to enhance Nato’s Northern Defences
Sweden is poised to join Nato, after Turkey dropped their objections. This marks a historical turning point for the Scandinavian nation that has cherished its non-aligned military status for over two centuries.
In 2013, the Russian air…
The equity markets were wrong about China
Goldman Sachs strategists argued that the 46 percent rise in Chinese stocks in just a few weeks after Covid restrictions were removed was only the start.
They argued that "China appears well-positioned in terms of growth, policy, and…
Alberto Nunez Feijoo, the Spanish candidate for election, has pledged to reform windfall tax
The frontrunner for the conservative party to become Spain's new prime minister, has pledged to revamp a €3bn tax on windfall gains that is reviled both by energy and banking companies. He said he wants to make it legal watertight, but did…
Economists find Germany’s inability to attract investment alarming
According to a leading institute of economics, Germany's ability in attracting business investment has suffered an "alarming decline" last year. More than €135bn worth of foreign direct investments left the country, while only €10,5bn was…
Wagner Group’s Russia Mutiny puts African Gold and Beer Empire under Pressure
The Russian mercenary groups' commercial network in Central African Republic will be under pressure.
Two men, with rifles strapped on their backs, huddle in the grass. They hold Molotov cocktail in their hands and hurl them high over the…
Kremlin announces windfall tax for oligarchs to raise Rbs300bn
The Kremlin continues to be stretched by the Ukraine war, so Russia announced a windfall-tax on large companies. It is estimated to raise Rbs300bn (US$3.6bn) through its oligarchs.
A draft bill presented on Tuesday outlines the proposed…
EU offers Tunisia more than EUR 1bn to stem migration
Brussels proposes €255mn in grants for Tunis, linking longer-term loans of up to €900mn to reforms The EU has offered Tunisia more than €1bn in a bid to help the North African nation overcome a deepening economic crisis that has prompted…
New World Bank Chief under pressure as Bridgetown Initiative seeks $100bn
World Bank reform is increasingly under pressure after a $100bn call for new capital to finance climate change and development ahead of the Paris summit, which will be hosted by Barbados and France.
In a consultation document, Barbados'…
Arctic chill: Western nations are afraid that China and Russia may exploit tensions in the region
Western countries worry that China and Russia may try to take advantage of growing geopolitical tensions to gain more influence in the Arctic and increase their control over its natural resources.
Senior Western policymakers expressed…
Ukraine’s rapid rebuilding will be in Europe’s interest
Planning for the post-war period should be centered on making the country the hub of the green transition in the continent .Foremost on the minds of Ukrainians and their friends is the need to win the war. But to delay preparations for what…
BAE wins $2bn Czech contract
BAE Systems (Britain's largest defence company) has been awarded a contract worth $2.2 billion by the Czech Republic to supply 246 CV90 MkIV Infantry Fighting Vehicles in seven different variants.
The agreement will provide highly…
The yield on Greece sovereign debt has fallen to its lowest level in 24 years against Italy
After the election, investors began to perceive that Athens was now perceived as less risky than Rome.
Markets responded positively to Monday's result. KyriakosMitsotakis’s party is now just four seats shy of the 150 required for a…
US chipmaker Cadence buys British firm Pulsic after Chinese sale is blocked
A US semiconductor company has acquired a British microchip-designing firm, months after the British government had blocked a Chinese acquisition of the business for national security reasons.
Cadence, a $55bn (£44bn) US-listed…
When Wizz Air ruined the immigration statistics
You'd think it would be hard to miss half a million people, but the Office for National Statistics (ONS) managed it nevertheless. Realisation of this problem dawned just over a decade ago, when the results of the 2011 census were published.…