Category: Economy News

EU grapples US LNG deal
Economy News

EU grapples US LNG deal

The European Union and the United States are selected to unveil a deal on Friday to provide Europe with more US liquefied natural gas (LNG). Sources informed the Reuters news agency that the European bloc

The Philippines ' turn toward China could change
Economy News

The Philippines ‘ Turn Toward China Could Change

As Filipinos head to the ballots on May 9 to elect a new leader, observers will be monitoring closely to see what the new leadership could tell for the Philippines’ growing ties with Beijing. Foreign policy usually

Russia requests China`s military help
Economy News

Russia Requests China’s Military Help  

A U.S. official informed CBS News on Monday that the request from the Kremlin to Beijing primarily involves financial assistance; however, Russia also asked about drones. The Russians seem not to have expected that they

China undergoes another coronavirus outbreak
Economy News

China Undergoes Another Coronavirus Outbreak  

Shenzhen, the largest city in the manufacturing hub of Guangdong province, told all businesses not affected by essential public services to suspend production or have employees work from home for a week beginning Monday. The

What sanctions are held over Russia
Economy News

What Sanctions Are Held Over Russia?

The announcements mark an escalation of the sanctions already set by Western powers since President Putin invaded Ukraine. What Are Sanctions? Sanctions are penalties assessed by one country to stop it from acting aggressively or breaking

China should be concerned over Putin`s financial isolation
Economy News

China Should Concerned Putin’s Financial Isolation

Vladimir Putin invaded Ukraine; this caused sanctions from the U.S. and allies, that ridge appears sharper than ever; however, the match also looks more uneven. The economic isolation set on Russia has been a stark

Canada closes ports for Russian ships
Economy News

Canada Closes Ports for Russian Ships

Canada has revealed a slew of measures to isolate Russia. These include sanctions on Russian President Vladimir Putin, shutting Canadian airspace to Russian planes, prohibiting oil imports, and banning Canadian financial institutions from dealing with

Russia`s invasion increases the chance of policy mistake
Economy News

Russia`s invasion increases chance of policy mistake

Global markets were explosive on Tuesday. Oil prices skyrocketed to seven-year highs behind Russian President Vladimir Putin declared that Moscow would recognize the independence of two breakaway areas of eastern Ukraine and send troops into