Arm To Begin Manufacturing Its Own Semiconductors
On Sunday, the Financial Times reported that following its Initial Public Offering (IPO) later this year, British chipmaker Arm Ltd intends to showcase the capabilities of its products by building…
Russia To Completely Abandon Euro And Dollar
Russian Deputy Prime Minister Alexander Novak announced in an interview with the Russia-1 TV channel on Saturday that Moscow will be switching to national currencies when engaging in energy trade…
Japanese Inflation Passes 40 Year High
In March, Japan saw its rate of inflation rise to the highest level seen in 40 years as food and electricity showed especially severe increases, according to new government data…
Economic Strategist Says The Recession Is Around The Corner
In an interview with CNBC this week, chief executive of financial advisory firm Longview Economics Chris Watling said that judging from its “brutally bad” economic data, the US is on…
Italy Looks To Decide – Yes Or No On Belt And Road
As tensions are rising between the US and China, now Italy is considering taking sides, by pulling out of China’s Belt and Road infrastructure project, according to a new report…
As Microchip Trade Weakens, Taiwan Exports Plunge
This week, the South China Morning Post, citing data from Taiwan’s Ministry of Economic Affairs, reported that Taiwan, the global powerhouse of semiconductor supply, is now seeing its export orders…
World May Face A Rice Shortage
On Wednesday, CNBC reported that according to a new report from Fitch Solutions, nations around the world are facing the largest shortage of rice seen in 20 years. By the…
India and Bangladesh Ditch Trade In Dollars
The Bangladeshi news service The Business Standard is reporting this week that India and Bangladesh have hammered out a deal to shift away from the US dollar in bilateral trade.…
Putin and bin Salman Hold Discussions On OPEC+ Policy And Peacemaking In Middle East
Photo of Russian President Vladimir Putin courtesy of www.kremlin.ru In an announcement, the Kremlin press service said that Russian President Vladimir Putin held a phone call with Saudi Crown…
Argentina Raises Benchmark Rate To 81% As Inflation Roars
Photo courtesy of Wikipedia As it battles unprecedented inflation, Argentina’s central bank has just increased its benchmark interest rates by 3%. According to data from the regulator’s website, the…
