A Falcon 9 rocket launches a Starlink mission from Florida on Feb. 27, 2023. SpaceX Ukraine’s main military intelligence agency accused Russian forces of using Starlink terminals produced by Elon Musk’s SpaceX in occupied areas. Starlink has been adamant that its satellite networks have never operated or been marketed in Russia, after its terminals were … Read more
Argentines gather in front of the National Congress in Argentina to celebrate that the ruling party could not continue with the debate on the ‘Omnibus Law’ because they were losing the votes on each article of its general content, in Buenos Aires, Argentina on February 06, 2024. Anadolu | Anadolu | Getty Images Argentina’s President … Read more
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year. Hannah Mckay | Reuters LONDON — The U.K. government should not introduce further tax cuts this year, the International Monetary Fund said Tuesday, as its chief economist argued the national budget needed the money for public services … Read more
A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2021. PUNIT PARANJPE | AFP via Getty Images In a report released Monday, the finance ministry said the … Read more
DHL Cargo planes are unloaded at Halle-Leipzig Airport on February 28, 2014 in Leipzig, Germany. The soon to-be-expanded hub handles 2,000 tons of cargo, or 100,000 parcels and documents every business day. Up to 60 cargo planes land every weeknight. Marco Prosch | Getty Images The Houthi attacks in the Red Sea are not only … Read more
A severe drought has led to water depth and weight restrictions on ships passing through the Panama Canal, and additional container surcharges imposed by ocean carriers on shippers for months. “Based on current and projected water levels in Gatun Lake, the Panama Canal Authority (ACP) has needed to make reductions to the amount and weight … Read more
The United States Federal Reserve’s (US Fed) two-day monetary policy meeting is being held from December 12-13 (Eastern Standard Time – EST). And on Wednesday (EST) Fed Chair Jerome Powell will announce the central bank’s rate decision in a press conference. Known as the Federal Open Market Committee’s meeting (FOMC Meeting), the rate announcement will … Read more
China’s Politburo said Friday that it would continue to implement “proactive” fiscal policies and “prudent” monetary policies next year, in a bid to bolster domestic demand. China also pledged to effectively enhance “economic vitality,” to prevent and defuse risks and to consolidate and enhance the upward trend of an ailing recovery in the world’s second-largest … Read more
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images CBDCs are the digital form of a country’s fiat currency, which are regulated by the country’s central bank. They are powered by blockchain technology, allowing … Read more
China passed a significant milestone last fall: For the first time since its economic opening more than four decades ago, it traded more with developing countries than the U.S., Europe and Japan combined. It was one of the clearest signs yet that China and the West are going in different directions as tensions increase over … Read more