The illicit oil trade in Libya, fueled by heavily subsidized fuels being smuggled abroad, is sustaining the country’s rival political factions. The practice has created a steady revenue stream for armed groups,
Western automakers could face near-total obsolescence in China, the world’s largest car market, as domestic brands aggressively gain ground across all vehicle segments, according to Stellantis executive Maxime Picat. Speaking at the
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Japanese automaker Nissan has unveiled one of the most sweeping restructuring plans in its history, announcing it will cut 15% of its global workforce and nearly halve its manufacturing plants as it
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Japan has emerged as an unexpected safe haven in the global investment landscape, as foreign investors poured a record $57 billion into Japanese equities and bonds during April, according to data reported
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Singapore is preparing to shake up the global gold market with a bold move that could challenge the longstanding dominance of London and New York. According to a recent report by the
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Beef prices in the United States have surged to unprecedented levels, driven by the country’s lowest cattle inventory in over 70 years, according to a recent report by the Financial Times. A
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The United Nations Conference on Trade and Development (UNCTAD) has sounded the alarm over a critical shortfall in global copper supply that could derail the world’s transition to clean energy and digital
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U.S. President Donald Trump has suggested he’s open to reducing steep tariffs on Chinese goods, raising hopes for a potential easing of tensions in the long-running U.S.-China trade war ahead of high-stakes
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Vincent Clerc, the CEO of AP Møller Maersk, the world’s second-largest container shipping group, has warned that using tariffs to reshape global supply chains would be a slow and unrealistic process, requiring
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In a sweeping move to counter mounting economic pressures, China has announced a series of interest rate cuts and banking sector reforms designed to inject long-term liquidity into its economy. The measures,
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Huawei is advancing its semiconductor ambitions with the rapid expansion of its chip production capabilities in Shenzhen, China, as part of an effort to reduce the country’s reliance on foreign technologies. Satellite
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