Red Sea Shipping Crisis Threatens New Wave Of Inflation
The shipping crisis in the Red Sea due to the attacks on shipping vessels by Houthi militants operating out of Yemen is threatening to set off a new wave of…
After Angola Departs, Other OPEC Members Voice Support For The Cartel
Following the decision of Angola to exit the OPEC coalition of oil producing nations, several OPEC member nations affirmed their commitment to the coalition and its objectives Saturday. Earlier in…
Italy And Russia To Settle Trade In Rubles
In an interview with RIA Novosti, the president of the Italian-Russian Chamber of Commerce, Ferdinando Pelazzo said that the Italian business lobby in Russia is in the process of finalizing…
Maersk To Resume Use Of Red Sea Route
Following the announcement there will be a multinational security initiative deployed to the Red Sea to guard seaborne vessels against Houthi attacks off the coast of Yemen, Danish shipping giant…
13 Dead, 38 Wounded in Indonesia Nickel Factory Explosions
At least 13 workers are dead, and another 38 were injured after a furnace exploded Sunday at a nickel factory owned by a Chinese company, according to officials. The explosion…
Chinese Limits On Videogame Playing Roil Tech Markets
A sweeping set of measures China has imposed on videogame makers, limiting the spending on the games by players, reverberated through stock markets across the globe Friday. In Amsterdam trading,…
British GDP Figures Indicate UK May Already Be In Recession
In the third quarter, Britain’s economy contracted unexpectedly, and the nation may have already entered into a technical recession, according to the latest data. In a revised report issued by…
Rosbank Acquires Local Russian Assets Of Societe Generale
A new decree by Russian President Vladimir Putin, which was published on Sunday on the official government portal of legal acts, has given Russian bank Rosbank permission to purchase the…
China Floods Out Legacy Chips To Rob US Firms Of R&D Dollars
A new report in Bloomberg says that although China cannot mass produce semiconductor chips made using the latest cutting edge fabrication techniques, since the government generously subsidizes the semiconductor sector,…
Drone Fired From Iran Hits Chemical Tanker In Indian Ocean
The US Department of Defense said a chemical tanker sailing in the Indian Ocean was struck by a drone launched from Iran early on Saturday. In a statement, a spokesperson…
