- January 29th, 2025
On 25-26 September 2023, China hosted the Global Sustainable Transport Forum in Beijing, where Vice Premier He Lifeng attended and read a congratulatory letter from President Xi Jinping. The forum aimed to promote global transport cooperation and provide the world...
New Delhi An executive at Vivo, a Chinese smartphone maker, has been arrested in India in connection with a money laundering probe. Guangwen Kuang, the head of administration at Vivo India, was taken into custody by India's Enforcement Directorate (ED),...
UK antitrust officials have approved Microsoft's planned takeover of Activision Blizzard, the creator of "Call of Duty" and other popular games. The Competition and Markets Authority announced that the merger had been cleared after the companies agreed to give up...
The US government has granted permission for South Korean firms Samsung Electronics and SK Hynix to acquire advanced manufacturing equipment for their semiconductor plants in mainland China. This move is expected to pose challenges for domestic memory chip manufacturers in...
Richard Russell, a ground service agent, intentionally crashed a plane from Seattle-Tacoma International Airport, causing despair among pilots. Despite rising incomes, people like Russell struggle to keep up with the soaring cost of living. Car prices have remained high after...
The International Monetary Fund (IMF), established in 1944, has been instrumental in maintaining global economic stability for nearly eight decades. Initially, the IMF provided financial assistance to member countries facing balance of payments issues, but as the global economic landscape...
China's economy has been a subject of global concern due to lacklustre growth and rising uncertainty. Despite a strong start to 2023, Chinese economic activity has fallen short of expectations, with exports collapsing, consumption, production, and investment slowing, inflation leveling...
Palm oil, derived from the oil palm tree's fruit, has both advantages and disadvantages. It significantly contributes to the economies of countries like Malaysia and Indonesia by providing employment opportunities, supporting smallholder farmers, and generating foreign exchange earnings. Oil palm...
Australia has launched a Digital Economy Strategy to transform its economy and become a global leader in the digital arena. The strategy focuses on leveraging digital technologies and innovation to boost economic growth, create jobs, and improve the quality of...
Banks handle checking account funds as a liability, with deposits coming from various sources. They operate on a fractional reserve system, keeping only a fraction of deposited funds in reserve and lending out the rest. Central banks set reserve requirements,...
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