Russia’s economy faces stress as high interest rates fail to control inflation. Inflation hits 9.8% in September, with prices of food staples surging this year. Business leaders criticize high rates, warning of potential bankruptcies and an economic slowdown. Thanks for […]
Russia’s Inflation Is Soaring, Including for Potatoes Read More »
Russian President Vladimir Putin is hosting the BRICS summit in Kazan, Russia. Putin is touting trade in local currencies, a move away from the US dollar. Despite the de-dollarization push, summit organizers advised attendees to bring dollars and euros. Thanks
Russia Tells BRICS Summit Guests to Bring US Dollars, Euros Read More »
Oil prices ended down 7% last week and are lower this year-to-date, despite Middle East tensions. China’s economic downturn, the US shale boom, and clean energy are contributing to current oil price trends. Oil market dynamics have changed so much
Major Oil Producers Saudi Arabia, Russia Want to Diversify Economies Read More »
Intel is looking for an investor to acquire a stake in its Altera subsidiary, CNBC reported. The US tech giant is seeking a deal that values the programmable chip unit at around $17 billion. Intel is facing challenges in its
Intel Is Seeking an Investor for a Stake in Its Altera Unit: CNBC Read More »
China’s export growth slowed in September, raising concerns about future economic stability. The slowdown is attributed to weakening external demand and logistical disruptions. China may delay further economic stimulus ahead of the US election, anticipating potential tariffs. Thanks for signing
China Economy: Even Exports Are Showing Weakness Before US Election Read More »
Lam Wing-kee relocated Causeway Bay Books from Hong Kong to Taipei. The bookstore, known for selling books critical of the Chinese Communist Party, moved to a cheaper location in Taipei. Despite slow sales, Lam remains committed to promoting freedom and
A Self-Imposed Exile in Taiwan Fights to Keep the Free Press Alive Read More »
Russia is proposing alternative payment systems and commodity centers. The proposal aims to strengthen BRICS economies’ sovereignty and reduce dollar reliance. Challenges include entrenched dollar dominance and existing global trading systems’ liquidity. Thanks for signing up! Access your favorite topics
Russia Pitches Commodities Trading Centers for BRICS Nations Read More »
China’s thrifty consumers are boosting Asian companies with wallet-friendly offerings. Companies like Japan’s Saizeriya, Yum China, and Fast Retailing have recently reported strong sales. China is in a prolonged economic downturn, with once free-spending consumers now pinching pennies. Thanks for
Budget Brands Are Thriving in China Amid Economic Slump Read More »
China’s top leaders have unleashed a stimulus blitz to reverse the economic downturn and boost market confidence. Skeptics say it’s just not enough for the scale of China’s problem. However, some economists say that since China is a top-down system,
China’s Stimulus Won’t Fix Its Economy — but Beijing Isn’t Done yet Read More »
China pulled out an aggressive stimulus package on Tuesday. At a rare press briefing about China’s economy, People’s Bank of China governor Pan Gongsheng unveiled a swathe of measures, including slashing interest rates and reducing the amount of cash banks
China Economy: Beijing’s Stimulus Sparks Speculation of Panic Read More »
