The BRICS Business Council has announced plans to establish a logistics hub in the United Arab Emirates (UAE), a decision that could significantly reshape global trade dynamics among its member nations and
It is vital to restart the World Trade Organization (WTO), including its arbitration function, and enhance the role of developing economies in international financial institutions, Russian President Vladimir Putin underscored at the
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The number of active US venture capital (VC) firms has plummeted by more than 25% since its peak in 2021, reflecting a major shift in the industry as financial backers increasingly concentrate
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North Korean leader Kim Jong-un has unveiled the Wonsan Kalma beach resort, a sprawling new tourist destination on the country’s east coast, as North Korea prepares to reopen its borders for tourism
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Donald Trump’s threat to seize the Panama Canal and the Houthis’ disruption of commercial shipping via the Suez to the tune of $7 billion in 2024 reminded the world of the significance
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Hungary is set to forfeit €1.04 billion ($1.07 billion) from its frozen European Union funds, the Financial Times reported on Tuesday. The lost funds are part of €6.3 billion withheld by Brussels
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China is ramping up its efforts to challenge Boeing and Airbus’s dominance in the global aviation market, using its state-developed C919 passenger jet as a flagship project. The C919, a centerpiece of
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IBM has announced its ambitious plan to develop the largest quantum computer to date, targeting a groundbreaking new qubit record in 2025. By linking multiple smaller quantum processors into a single, modular
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The Venezuelan Supreme Court has fined TikTok $10 million in response to dangerous challenges circulating on the platform, which were linked to the tragic deaths of three adolescents. The fine, announced by
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Maritime choke-points are essential to global trade, acting as vital corridors for the movement of goods and energy resources. Their strategic positioning also makes them tools of geopolitical influence, often shaping the
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Gas prices in Europe have shot up to $536 per 1,000 cubic meters during ICE trading, the highest since November 27, 2023, amid expectations of halted Russian gas transit through Ukraine starting
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