The Rocket Fuel Behind China Shock 2.0: Weak Currency, Deflation Flat to falling prices coupled with inflation elsewhere and a lower exchange rate have turbocharged China’s export boom. 05/4/2024 - 4:00 pm | View Link
China Market Update: Hong Kong Growth Stocks Climb The Great Wall Of Underweight, Week In Review Asian equities were mixed overnight following Apple’s earnings “beat” as Hong Kong outperformed, India underperformed, and Japan was closed for Constitution Day, which is the celebration of the 1947 ... 05/3/2024 - 3:49 am | View Link
Overcapacity or ‘over anxiety’? China hits back at Western claims of dumping State news agency rejects allegations that Chinese EV firms are exporting a glut of electric vehicles Accusations reflect anxieties abroad about critics' own industrial development, it says Chinese ... 04/28/2024 - 2:00 am | View Link
Biden signs $95 billion aid package for Ukraine, Israel, Taiwan into law The foreign aid funding, he said, was not just an investment in the security of American allies but of the United States itself. 04/24/2024 - 6:46 am | View Link
Local election results: Relief for Sunak in key mayoral race Over 17 hours since the polls in the local elections closed, just over half of councils have declared their results, and some mayoral race results have been announced. Here's where things stand: ... 04/22/2024 - 1:07 pm | View Link
Late last year, over 50 African leaders gathered in Riyadh for the first ever Saudi-Africa summit. Convened by Crown Prince Mohammed bin Salman, it brought together a mélange of democrats and dictators, reformers and kleptocrats, young go-getters and long-ruling dinosaurs. Their objective? To wangle a slice of the $40 billion Saudi Arabia plans to invest in Africa.
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For the African leaders in attendance, the summit was a golden opportunity to obtain generous aid and inexpensive loans from one of the world’s richest countries.
MOSCOW — Russian President Vladimir Putin on Friday reappointed Mikhail Mishustin as the country’s prime minister after the previous stint on the job during which the low-key technocrat has shown a distinct lack of political ambitions.
In line with Russian law, Mishustin, 58, who held the job for the past four years, submitted his Cabinet’s resignation on Tuesday when Putin began his fifth presidential term at a glittering Kremlin inauguration.
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Mishustin’s reappointment was widely expected by political observers, who noted that Putin has appreciated his skills and low political profile.
Volodymyr Zelensky dismissed the head of the unit that protects Ukraine’s top officials following the arrest of two colonels who were allegedly involved in a Russian plot to assassinate the president.
Serhiy Rud, who was fired by a decree signed Thursday evening by Zelensky, had been in his post since 2019 and previously led the president’s personal security unit.
Thailand’s move to reclassify cannabis as a narcotic threatens to trigger street protests and class-action suits by owners of thousands of dispensaries which sprung across the country in the wake of decriminalization two years ago.
A complete re-criminalization ordered by Prime Minister Srettha Thavisin on Wednesday will also push the cannabis trade underground, said Rattapon Sanrak, owner of Bangkok-based dispensary Highland Cafe.
Mexico is fighting 159 active wildfires across the country amid the year’s second heat wave that has also put the nation’s power grid under stress.
Mexico’s national weather service issued an alert that at least 12 states would experience temperatures higher than 45°C (113°F), with large swathes of the rest of the country expected to see temperatures higher than 30°C.
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The heat wave has increased demand for power, prompting the country’s grid operator to declare the system in a state of emergency on Thursday evening for the second time this week.
(DES MOINES, Iowa) — As Cary Fowler and Geoffrey Hawtin began thinking about ways to prevent starvation and protect the world’s food supply, they came up with what Fowler called “the craziest idea anybody ever had” — a global seed vault built into the side of an Arctic mountain.
About 20 years ago, Fowler, now the U.