Tag Archives: gloeconomy

Cut off from the West, Russia is pitching its $2 trillion economy to giants like China and Saudi Arabia and longer-term prospects like Zimbabwe and Afghanistan at its premier investment forum in St. Petersburg, which was founded by the tsars as a window to Europe. The war in Ukraine has led to the biggest upheaval in Russia’s relations with the …

The European Union delegation in South Sudan has denied reports that it is working to delay elections in the country as was alleged by President Salva Kiir. Deputy Head of the EU Delegation Lothar Jaschke said Thursday that his group is fully supporting an environment to enable elections, a constitution and transitional justice. NIGERIA’S NEW ANTHEM, WRITTEN BY A BRITON, …

President Joe Biden and Kenyan President William Ruto are using the first state visit to the United States by an African leader in more than 15 years to call on economies around the globe to take action to reduce the enormous debt burden crushing Kenya and other developing nations. The call to action, dubbed the Nairobi-Washington Vision, comes as Biden …

Kosovo police on Monday closed six branches of a Serbia-licensed bank in line with the decision on the ban of the use of the Serbian dinar currency in the country, a move that has raised tension with neighboring Serbia. A police statement said they closed the branches of the Postal Savings Bank, following a request from financial institutions on their …

Proposed restrictions in Kansas on the foreign ownership of land died Friday when the state’s Democratic governor vetoed a bill that top Republican lawmakers argued would protect military bases from Chinese spying. The Kansas House’s top GOP leader accused Gov. Laura Kelly of “apathy” toward serious national security threats from China and other nations declared by the U.S. government to …

Chinese President Xi Jinping left Hungary on Friday, concluding a tour of three European nations meant to reinforce China’s growing influence on the continent. Xi’s plane took off from Budapest airport on Friday evening, after five days in Europe that began with a visit to France and then Serbia. CHINA’S XI VISITS HUNGARY IN BID TO SOLIDIFY EUROPEAN ECONOMIC INFLUENCE …

Hungary and China signed a number of new agreements on Thursday to deepen their economic and cultural cooperation during a visit to the Central European country by Chinese President Xi Jinping, a trip meant to solidify China’s economic footprint in the region. Xi and Hungarian Prime Minister Viktor Orbán held talks in the capital Budapest as part of the Chinese …

The International Monetary Fund on Monday approved the immediate release of the final $1.1 billion tranche of a $3 billion bailout to Pakistan, the global lender said in a statement. Pakistan needs the money to overcome one of the worst economic crises in its history that had raised fears it could default on the payment of foreign debts. As part …

A confrontation between Argentine authorities and anti-government protesters angered by President Javier Milei’s spending cuts escalated on Wednesday, as protesters blocking the capital’s key thoroughfare were forcibly dispersed and eight of the movement’s participants arrested. In a rare move, riot police officers deployed powerful water cannons, drenching demonstrators. Argentines demanding more food for soup kitchens hurled sticks and stones, set …

Japan must shift its policy focus away from crisis-mode stimulus towards achieving private sector-driven economic growth, a government panel said on Tuesday in the wake of the central bank’s decision to end eight years of negative interest rates. In a proposal to the government’s top economic council, the panel urged policy changes in the face of rising domestic prices and …