IMEC: US-led plan aimed to link India, Europe is in doubt
A far-reaching plan to channel Europe-Asia trade through the Middle East is at risk of stalling before it even gets started, notes Bloomberg.
The Israel-Hamas...
A dry Panama Canal slows down the Globalization
Global shipping companies excited by the potential new routes that climate change and melting ice are opening up around the North Pole have gotten...
How viable is Arctic shipping?
Shipping lanes are under pressure. Seven of the world’s ten biggest shipping companies have suspended transit through the Red Sea, where the Houthis, a...
China rallies G77 countries for major reform of WTO and Bretton Woods
Chinese Vice-Premier Liu Guozhong wins support, including from UN leaders, for speech calling for overhaul of global systems, writes ‘The South China Morning Post’.
China...
Chinese yuan vs U.S. dollar in Africa
With a rising US dollar, many African countries are facing debt repayment woes and so are moving away from using the currency. Meanwhile, China...
World Bank and IMF Working Towards Africa’s Sustainable Growth
Recent maneuvers have shown the International Monetary Bank (IMF) and the World Bank are taking fully-fledged advantage of the new economic architecture and the...
Trade unions alarmed by EU’s industrial collapse
Europe’s major trade union organisations have expressed deep concern about the scale of the EU’s industrial decline, as structurally high energy prices continue to...
UNDP And African Leaders Launch Timbuktoo Initiative to Unleash Africa’s Startup Revolution
The United Nations Development Programme (UNDP) launched today the bold and ambitious “timbuktoo” initiative together with African countries. In a special session of the...
BRICS bank to release bonds in local currencies
BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available in local currencies rather...
Red Sea unrest is bad news for World’s food supply
Shipping disruption risks higher prices and food spoiling. That’s threatening to halt a slowdown in global food inflation, notes Bloomberg.
Chaos in the Red Sea...