The problems in the US commercial real estate market, which have already hit banks in New York and Japan, have begun to spill over into Europe, raising fears of wider contagion. The aggressive rise in interest rates has led many financial institutions to now receive increasing provisions for debt that mainly concerns property owners and … Read more
Pope Francis indicated that the upcoming COP28 summit, hosted by Dubai on November 30, could lead to “binding approaches to the energy transition.” Announcement Pope Francis called on the COP28 summit, which will be held in a few weeks in Dubai, to reach “binding methods” regarding the energy transition, saying that responses to global warming … Read more
US indices closed lower after a turbulent week in which US Treasury bond yields hit their highest level in 16 years, with investors evaluating revisions to the US Federal Reserve’s monetary tightening expectations. The three main indices fluctuated for most of the session, but fell collectively to end the week on a negative note. Stock … Read more
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
Yang Ming lost 0.04 yuan per share in the second quarter. (Provided by Yang Ming) [Reporter Wang Yihong/Taipei Report]Due to the drop in freight rates, Yang Ming lost 0.04 yuan per share in the second quarter. This is Yang Ming’s first loss since the third quarter and 12 quarters of 2020. Yang Ming’s revenue in … Read more
China News Agency, Beijing, June 28th Topic: Helping the Global Economic Recovery Summer Davos Forum Focuses on the Future of the “Belt and Road” China News Agency reporter Chen Su Affected by factors such as the new crown epidemic, high inflation, and geopolitical conflicts, the global economy is facing severe challenges. How to “restart growth” … Read more
Summary [US government debt default is imminent World Bank President: US debt default will harm the global economy]On May 12, World Bank President Malpass said that the risk of US debt default is exacerbating the problems facing the global economy. Rising interest rates and high debt levels are holding back the world economy by dampening … 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