Reports Of China Rolling Out Tanks To Stop Bank Protests
Video is circulating online which purports to show Chinese tanks lined up on the street outside a controversial bank in Henan which has frozen depositor accounts. According to reports, the…
Sri Lankan Parliament To Chose New President Amid Economic Chaos
Sri Lanka’s parliament is set to chose a new President from among three contenders on Wednesday, as the nation hopes the new President will draw the island out of the…
China’s Mortgage Boycott Crisis is Growing, As The Government Looks For Solution
The crisis in China over middle-class homeowners refusing to pay mortgages for properties that developers have failed to deliver has now spread over 301 development projects in about 91 cities.…
China’s Economy Contracts In Q2
Covid lockdowns took their toll on the Chinese economy in the second quarter, provoking a sharp contraction in GDP. GDP fell 2.6% from the first quarter. The contraction was a…
Sri Lankan Crisis May Be One Of Many To Come
The political and economic crisis in Sri Lanka is continuing to worsen. On Tuesday, the country’s acting President, Prie Minister Ranil Wickremesinghe declared an official state of emergency, following President…
Singapore Tightens Monetary Policy Unexpectedly
The central bank of Singapore tightened monetary policy unexpectedly on Thursday in a second surprise move this year. The move is designed to attack an inflation rate that was moving…
China To Repay Defrauded Bank Customers Who Have Frozen Accounts
Chinese authorities have announced they plan to repay most of the victims of the nation’s largest bank scam after another weekend of angry protests by victims seeking to increase the…
Australia’s Central Bank Likely To Hike Rates .5%
This week it appears likely Australia’s Central Bank, the Reserve Bank of Australia, will raise interest rates, if economist surveyed by Bloomberg are any measure. 25 of 26 economists surveyed…
Russia To Default For First Time In A Century
Russia is expected to default on its international debts for the first time in 100 years this Sunday, after time runs out for Moscow to pay roughly $100 million to…
UK Inflation At 40 Year High Of 9.1%
In Britain inflation is ravaging the average consumer. In May it hit a 40 year high, as soaring food prices drove the overall number up to 9.1%. That is the…
