World’s Most Aggressive Central Bank Raises Key Rate to 200%
Zimbabwe’s central bank raised interest rates to a record and the government officially reintroduced the US dollar as legal currency to rein in surging inflation and stabilize the nation’s tumbling exchange rate.
'Delusional': UN Chief Slams New Fossil Fuel Funding and Warns of Climate Chaos
The U.N. Secretary General has slammed new funding for fossil fuel exploration, describing it as "delusional" and calling for an abandonment of fossil fuel finance.
China Weighs Reviving Jack Ma’s Ant IPO as Crackdown Eases
Chinese financial regulators have started early stage discussions on a potential revival of Ant Group Co.’s IPO,
India, Second-Largest Wheat Producer, Bans Exports amid Food Supply Concerns
India, the second-largest producer of wheat, has banned exports of the commodity, due to a risk to its food security.
Germany Will Support Russian Oil Embargo After Significantly Reducing Dependence: Report
According to Fox, Germany will support the European embargo of Russian oil, marking another significant turnaround in the nation’s position on the Russia-Ukraine conflict.
China Q1 2022 GDP: five things to watch
China’s economic outlook was already challenging at the beginning of the year, as the effects of President Xi Jinping’s crackdown on property and other high-growth industries rippled through the world’s second-largest economy.
What Victor Orban’s Election Victory Means for EU Politics and Markets
Orban, a self-styled illiberal democrat, is most apparently an incumbent again winning by a wide margin.
Millions in China’s Northeast Placed under COVID-19 Lockdown
China has imposed stay-at-home orders on millions more people in the country’s northeast, as it tries to tackle its biggest coronavirus outbreak in two years.
CBR Tackles Geopolitically Motivated Ruble Depreciation, Boosts Key Rate to 20 Percent
Russia’s central bank, CBR, has more than doubled its key interest rate from 9.5% to 20% as its currency
Spot Rotterdam Gas Prices Soared to Over €1400/Thousand Cubic Meters Instantaneously. What’s Next?
Gas prices are soaring globally, largely because of the resurgence of demand for fossil fuels after the Covid-19 pandemic and lockdowns, depleted storage and the difficulty of ramping up supply after the disruptions of the past two years.
El Salvador To Grant Citizenship to Foreign Investors Including Bitcoin Injectors
El Salvador President Nayib Bukele on Sunday said he will send Congress a proposal to grant citizenship to foreigners who invest in the Central American country as well as other initiatives to reduce government hurdles in order to attract investment projects.
Germany’s International Fiscal Standing Keeps Worsening
Germany’s trade surplus shrank for the fifth year in a row in 2021 to €6.8 billion in December from €15.1 billion in the same period last year and €10.9 billion in November, as a global supply crunch hampered exports, including in its key auto sector.
Cost of living: New Zealand inflation tops three-decade high
The current inflation spiral has no limits and borders.
China’s PBOC Surprised by Countering Western Central Banks while Cutting Interest Rates
China lowered a key interest rate for the first time since the peak of the pandemic in 2020 as a property-market slump and repeated virus outbreaks dampened the nation’s growth outlook. Bonds rallied.