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,
China’s economy expanded by 5.4% in the first quarter of this year, according to official data released on Tuesday. This growth came as producers rushed to frontload exports in an effort to
More
Nvidia has announced that it expects to take a $5.5 billion financial hit after the US government tightened restrictions on the company’s ability to export artificial intelligence (AI) chips to China. The
More
Brussels has begun issuing burner phones and basic laptops to senior European Commission staff travelling to the United States, over fears of potential espionage, in a move typically reserved for visits to
More
The U.S. dollar, once regarded as the gold standard for financial stability, is losing its “safe haven” status as global investors increasingly turn their backs on both U.S. bonds and the dollar
More
A leading Chinese economist has sounded the alarm over the safety of China’s vast overseas assets, warning that Washington’s intensifying trade measures under President Donald Trump could soon spill over into the
More
Amid rising tensions in the ongoing trade war with the United States, China has shown little fear of escalating tariffs and other sanctions imposed by President Donald Trump. In fact, President Xi
More
Switzerland is re-evaluating its traditionally cautious stance on European integration following a sudden tariff escalation by the United States, a move that has triggered widespread concern across Swiss political and business circles.
More
As the trade war between the world’s two largest economies deepens, Chinese exporters are scrambling to adjust to the crippling impact of escalating U.S. tariffs. In response to President Trump’s new tariff
More
In the face of escalating tariffs under President Donald Trump’s trade war with China, Apple is deepening its reliance on India to mitigate the financial blow to its business. With the tech
More
As President Donald Trump’s tariffs on imported goods intensify, U.S. consumers are expected to face significant price hikes on a wide range of household products, including leather goods, clothing, furniture, and consumer
More