Economy

PHILIPPINES AND EU STRENGTHEN THEIR TIES; AGREEMENTS ON TRADE, CLIMATE CHANGE, MARITIME SECURITY, AND THE CREATION OF THE GREEN ECONOMY 

Glances /

On Monday, 31st of July, the Philippine government and the European Commission reaffirmed their commitment to closer ties between their two nations, pledging to increase trade and collaborate more closely on climate change, marine security, and the green economy.  President Ferdinand R. Marcos Jr. declared that his recent bilateral meeting with EU Commission President Ursula […]

PHILIPPINES AND EU STRENGTHEN THEIR TIES; AGREEMENTS ON TRADE, CLIMATE CHANGE, MARITIME SECURITY, AND THE CREATION OF THE GREEN ECONOMY  Read More »

ERDOGAN TURNS TO THE WEST AS TURKEY’S ECONOMIC SITUATION WORSENS 

Glances /

This week, Recep Tayyip Erdogan made a significant move to improve ties with the West in a swift political about-face as he searches for answers to Turkey’s protracted and deepening economic crisis. On Monday, Mr. Erdogan unexpectedly abandoned his long-standing opposition to Sweden’s proposal to join the military alliance, shocking Nato members in the process.

ERDOGAN TURNS TO THE WEST AS TURKEY’S ECONOMIC SITUATION WORSENS  Read More »

CENTRAL NEW YORK LANDS $50M MICROCHIP PLANT WHICH WILL CREATE 122 ADDITIONAL JOBS 

Glances /

A California company intends to expand Central New York’s burgeoning status as a centre for semiconductor manufacturing by opening a $50 million microchip switch plant close to Ithaca. This project will generate 122 jobs. Menlo Microsystems of Irvine, California, has decided to put its first American manufacturing facility in a town called Lansing, where it

CENTRAL NEW YORK LANDS $50M MICROCHIP PLANT WHICH WILL CREATE 122 ADDITIONAL JOBS  Read More »

NATIONS BRINGING GOLD HOME AFTER SANCTIONS AGAINST RUSSIA 

Glances /

According to a Monday Invesco study of central banks and sovereign wealth funds, more nations are returning their gold holdings as insurance against the kind of sanctions the West has imposed on Russia. The financial market collapse of last year resulted in significant losses for sovereign money managers, who are now “fundamentally” reevaluating their business

NATIONS BRINGING GOLD HOME AFTER SANCTIONS AGAINST RUSSIA  Read More »

WHY AREN’T OPEC+ SUPPLY CUTS RESULTING IN HIGHER OIL PRICES? 

Glances /

In response to falling oil prices, OPEC+, a group made up of Organisation of the Petroleum Exporting Countries and allies like Russia that produces about 40% of the world’s petroleum, has been reducing oil output since November. The two largest oil exporters in the world—members Saudi Arabia and Russia—intensified their oil supply restrictions on Monday,

WHY AREN’T OPEC+ SUPPLY CUTS RESULTING IN HIGHER OIL PRICES?  Read More »

DESPITE OPPOSITION FROM THE WEST, RUSSIA AND CHINA SIGN ECONOMIC AGREEMENTS 

Glances /

Despite opposition from the West as the crisis in Ukraine carried on, the Russian prime minister signed a number of deals with China on Wednesday while visiting Beijing, characterizing bilateral relations as at an all-time high. Prime Minister Mikhail Mishustin spoke with Chinese Premier Li Qiang and was scheduled to meet with President Xi Jinping.

DESPITE OPPOSITION FROM THE WEST, RUSSIA AND CHINA SIGN ECONOMIC AGREEMENTS  Read More »

PLANS TO ESTABLISH THE UK INTO AN INTERNATIONAL TECHNOLOGY SUPERPOWER LAUNCHED  

Glances /

On March 22nd, the UK released a new International Technology Strategy that lays out a plan for the country to become a technological giant by 2030. At the inauguration in London, the Foreign Secretary and the Secretary for Science, Innovation, and Technology laid out how the UK can expand on the strength of its IT

PLANS TO ESTABLISH THE UK INTO AN INTERNATIONAL TECHNOLOGY SUPERPOWER LAUNCHED   Read More »

HOW THE ENERGY CRISIS IN SOUTH AFRICA TURNED INTO AN ECONOMIC CRISIS 

Glances /

Rolling power outages have a significant negative effect on South Africa’s economic growth and raise the possibility of a recession. According to Quinten Bertenshaw, executive director of ETM Analytics, the GDP has been lowered by 1 to 1.3 percent yearly since 2007 as a result of the load-shedding costs related to electrical disruptions. He believes

HOW THE ENERGY CRISIS IN SOUTH AFRICA TURNED INTO AN ECONOMIC CRISIS  Read More »

JAPAN AND THE NETHERLANDS WILL JOIN THE US IN LIMITING THE SUPPLY OF CHIP EQUIPMENT TO CHINA 

Glances /

According to Bloomberg News, Japan and the Netherlands may soon join the United States in limiting shipments of machinery for making semiconductors to China. According to persons acquainted with the situation, negotiations between the nations will end as soon as this Friday, and the Netherlands will impose restrictions on ASML Holding’s ability to export equipment

JAPAN AND THE NETHERLANDS WILL JOIN THE US IN LIMITING THE SUPPLY OF CHIP EQUIPMENT TO CHINA  Read More »

AFTER A DIFFICULT YEAR, HOW WILL CHINA’S TECH GIANTS PERFORM IN 2023? 

Glances /

The year has not been kind to China’s tech stocks. The country’s digital behemoths, including Alibaba and Tencent, have lost billions in value, and businesses have reported the weakest rates of growth ever. The government’s draconian “zero-Covid” policy of rapid and severe lockdowns in key cities in response to a Covid resurgence in China has

AFTER A DIFFICULT YEAR, HOW WILL CHINA’S TECH GIANTS PERFORM IN 2023?  Read More »

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