Tinubu ball The Nigerian President is awaiting an invitation from Indian Prime Minister Narendra Modi. (Photo: AP) Abuja Nigeria, the largest country in Africa, is considering membership in the G20 confederation of the world’s most important economic powers. This is the result of consultations about the risks and benefits of such membership, a spokesman for … Read more
Bidenomics The Biden program is putting pressure on other economic powerhouses. Joe Bidens strategy is working: just a few months after billion-dollar subsidy programs were approved, massive investments are being made in the USA. The US President wants to push back China’s influence and secure his re-election. The allies in Europe, who are threatened with … Read more
Bidenomics The Biden program is putting pressure on other economic powerhouses. Joe Biden’s strategy is working: A few months after billion-dollar subsidy programs were approved, massive investments are flowing into the USA. The US President wants to push back China’s influence and secure his re-election. The allies in Europe, who are threatened with the exodus … Read more
military exercise The exercise takes place under the name “Balikatan” (“shoulder to shoulder”). (Foto: Bloomberg) Peking China accuses the US of stoking tensions in the Asia-Pacific region. The United States would move military to the region, the Defense Ministry said in Beijing on Thursday. The regional powers should beware of an escalation, it said with a … Read more
PEKING Economic and cultural cooperation with Taiwan and the “peaceful development” of relations should be promoted, Li Keqiang told the nearly 3,000 delegates. In the speech passage, the prime minister was more emotional, but overall somewhat more reserved than in the previous year, when he referred to the blood ties he emphasized, when he had … Read more
ICBC-Filiale in Peking China’s largest bank won’t accept payments from Russian banks under Western sanctions. (Photo: Reuters) Industry Only a strong last quarter saved Russia’s banks from a year of losses in 2022. And currently it doesn’t look like this year will be any better. Because even banks from those countries that have so far … Read more
Beijing Airport Openings and new perspectives are also calling airlines and travel groups to the scene. (Photo: Reuters) Shanghai, Beijing, Berlin Despite corona easing for travelers to China, there probably won’t be an immediate holiday boom there. Assessments from the population, online platforms and travel agencies indicate that the recovery of the multi-billion dollar travel … Read more
Chinese PLA J-16 fighter jet 47 aircraft crossed the central line of the Taiwan Strait. The strait separates Taiwan from mainland China. (Photo: AP) Taipei China has been provoking the island republic of Taiwan with warships and military jets. According to the Taiwanese defense ministry, 71 Chinese aircraft and seven vessels were located near Taiwan … Read more
It is not the first time that globalization has backtracked. Economic historian Harold James has identified seven globalization crises since 1850, some of them severe. While each of these has led to a new phase of globalization, he is by no means certain that past winners of globalization will also be future winners. As a … Read more
FLY In the course of the Russian war of aggression against Ukraine, numerous countries and even the EU have imposed far-reaching sanctions on Moscow since February. Russia responds regularly with countermeasures. In May, for example, Moscow banned business with some 30 companies, most of which are former subsidiaries of the Russian energy group Gazprom. The … Read more