- May 25th, 2025
The rapid development of China's digital economy has generated a massive amount of data resources, which can be used to develop local economies and finances. Professor Zhu Yangyong of Fudan University introduced "data finance" in 2015, suggesting China may be...
Africa's debt crisis, worsened by the COVID-19 pandemic, European war, and climate change, is reaching alarming proportions. Public debt in Africa reached US$1.8 trillion by 2022, an 183% increase since 2010, and nearly 300% higher than Africa's GDP growth rate....
The U.S., Africa Growth and Opportunity Act (AGOA) trade forum, set to begin in South Africa, is expected to focus on the extension of the U.S. program allowing sub-Saharan African countries duty-free access to U.S. markets. U.S. officials, including Ambassador...
Asia's manufacturers are facing worsening pressure in October as factory activity in China continues to decline, affecting recovery prospects for major exporters. Purchasing managers' indexes for China, Japan, and South Korea show activity shrinking, while Vietnam and Malaysia also face...
WeWork shares fell over 35% in premarket trading after reports emerged that the company could file for bankruptcy next week. The New York-based firm, once valued at $47 billion, now has a market capitalization of around $121 million. The bankruptcy...
China's Shenzhou-16 manned spacecraft has successfully returned to Earth after a historic 154-day mission. The craft landed at the Dongfeng Landing Site, with the on-site medical team confirming the three taikonauts onboard, led by mission commander Jing Haipeng, in good...
The European Union-US summit in Washington saw European Commission President Ursula von der Leyen and Chief of the European Council Charles Michel meet US President Joe Biden. The summit aimed to strengthen the transatlantic partnership, which had been strained during...
Hyperinflation has been a threat to fiat money economies throughout history, but modern bankers at the Federal Reserve assure us that today's financial system is immune to such a fate. Austrian business cycle theory reveals that current economic stimulation may...
The U.S. Treasury reports a $1.7 trillion deficit for 2023, a $320 billion increase from the previous year and 6.3% of GDP, indicating a recession disguised by bloated deficit spending. The Biden administration increased taxes, but revenues declined, with government...
The Bureau of Economic Analysis is set to release the first calculation of the third-quarter US Gross Domestic Product on October 26th. Bloomberg forecasts indicate a significant increase over the second quarter's 2.1% growth, with the mean projection for the...
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