Chinese Chip-Makers Go Out Of Business At Record Pace
Between January and August, a record number of Chinese computer chip manufacturers went out of business. according to a report by the South China Morning Post examining data from the…
China’s Property Sector Continues To Stumble
In the January-August period, China’s property investment extended a 6.4% decline from January to July, falling a total of 7.4% over the full 8-month period, according to new data from…
China Production Beginning To Recover
Industrial output in China grew 4.2% in August year over year, an improvement from the 3.8% growth in July, according to official data released on Friday. It indicates that despite…
Russia’s Energy Revenues Continue To Soar
Russia’s finance ministry announced the nation will receive another boost in revenues this month from energy exports. The ministry announced that September will see an additional $6.67 billion flow into…
High Energy Costs May Force Germany To Deindustrialize
According to a report by The Economist citing data from the association of German industry BDI, rising energy costs will pose the biggest risk to the German economy, forcing some…
Deutsche Bank CEO Says Germany’s Recession Inevitable
Deutsche Bank CEO Christian Sewing warned in a speech at the Handelsblatt Banking Summit in Frankfurt this week that Germany is set to enter a recession. According to reports, Sewing…
Chinese Companies See Profits Plunge, As Lockdowns And Real Estate Slump Hit The Economy
Over 4,800 Chinese companies have released earnings for the first half, and analysts are calling it a bloodbath. Roughly 53% posted declines in net profits, a number almost as bad…
Russian Bank, Under Sanctions, Bypasses Swift
VTB, a top Russian bank, has begun to make money transfers to China in yuan, bypassing the SWIFT global financial messaging system. VTB CEO Andrey Kostin said in a statement,…
Bloomberg Reports Germany Will Enter Recession Due To Energy Prices
Bloomberg reported on Monday that analysts believe a €65-billion financial aid package passed by Berlin, attempting to ease inflationary pressures produced by the energy crisis, will not stop a looming…
EU Companies Ask For Exemptions From Russian Sanctions
The Estonian Foreign Ministry has revealed that a number of Estonian firms have requested temporary exemptions from EU sanctions on Russia. State broadcaster ERR reported that 28 companies have made…
