Topic

World News

A collection of 368 issues

China's new covid nightmare could be a global catastrophe

China's zero-covid policy was unsustainable and was abruptly reversed, but the lack of a coherent retreat strategy threatens a new nightmare for its people, its economy, and the leadership of the Communist Party. A new crisis could shake the whole world. As the Wuhan outbreak three years ago

Nornickel may reduce nickel production by 10% in 2023

The reason: some European buyers are avoiding supplies from Russia and expect a potential surplus of metal on the market. Nornickel provides one tenth of the world's nickel supply.

China to invest $143 billion in semiconductor industry development

The Chinese government intends to invest 1 trillion yuan ($143 billion) in the development of the country's semiconductor industry. The money will be allocated over the next five years mainly in the form of tax breaks and subsidies. It would be one of the biggest industry stimulus packages

JPMorgan raises China's GDP growth forecast for 2023

Analysts at investment bank JPMorgan on Thursday raised its 2023 GDP growth forecast for China by 30 basis points to 4.3 percent due to easing quarantine regulations in the world's second-largest economy, Reuters wrote. The bank also lowered its 2022 economic growth forecast for the country to

The most expensive private company in the U.S. was named

U.S. businessman Ilon Musk SpaceX offered private investors to buy shares of $ 77 a piece, Bloomberg reported citing sources. Thus, this is the most expensive private U.S. company with an estimated capitalization of $ 140 billion. In the summer, Musk's company was valued at $127 billion. Sources

There are fewer billionaires in the world

The number of billionaires in the world has fallen from 2,775 to 2,688 people in 2022 compared with last year. Their combined fortune fell from $13.1 trillion to $12.7 trillion, according to a report by Swiss bank UBS. It is noted that 360 people's

Americans' credit card debt hits record $866 billion in Q3

Americans' bank card debt reached a record $866 billion in the third quarter, up 19% from a year earlier. That's according to a report from credit agency TransUnion. The data indicates that people are turning to credit cards and unsecured loans to cope with high inflation amid

Russia increased oil production before the embargo

Russia Increased Oil Production by Two Percent Before Embargo Russia before the introduction of the EU embargo was able to increase oil production by two percent in November, to almost 1.49 million tons per day, Kommersant wrote, citing a source familiar with the statistics. Since the beginning of the

It makes sense to slow down the pace of rate hikes a bit, - Mester of the FSR

In an interview for CNBC, Mester said that the rate hike step at the December meeting could be below 0.75% (i.e. 0.5%). According to her, the Fed is already seeing the results of its policies and is willing to slow the pace of tightening. Nevertheless, markets have

Construction of LNG terminals will cost Germany more, Spiegel

The construction of mobile LNG terminals will cost the German budget almost twice as much as originally planned. The publication writes that the Ministry of Economics in 2022 was going to spend about 3 billion euros on terminals, and now the estimate has increased to 6.56 billion. One of