Oil

Arab Embargo: Weaponizing Oil, Inflicting Economic Trauma

Fifty years ago, Saudi King Faisal and other Arab leaders launched an oil embargo in 1973 as a payback for Washington's support for Israel in its war with Egypt and Syria. The embargo arose from a pact between Faisal and...
Zimbabwe

Zimbabwe’s Economic Meltdown Fuels Worker Exodus

Zimbabwe's economic meltdown has led to a surge in mass migration, with neighboring South Africa reporting an average annual increase of nearly 31,000 Zimbabwean immigrants in 2018. This is a significant increase from the previous year, when the country was...
Taiwan Semiconductor Manufacturing Corporation (TSMC)

TSMC’s Application for ‘Permanent’ US Equipment Export Permit to China Factory

Taiwanese semiconductor giant TSMC has applied for permanent authorization from Washington to allow the export of US chip-making equipment to its China-based factory. The US imposed export restrictions last year to prevent China from acquiring advanced semiconductor technology. The restrictions...
Oil

Market Volatility: Mixed Stock Markets, Surging Oil Prices

Stock markets were mixed on Friday, with oil prices rising due to concerns about the impact of the Israel-Hamas conflict on Middle Eastern supplies. European gas prices reached their highest levels since February, and Energi Danmark analysts attributed the recent...
Bangladesh Power Plants

Optimizing Power Generation: Minimizing Costs of Idle Plants in Bangladesh

Bangladesh, a country known for its power blackouts, has the capacity to produce electricity that outpaces demand and pays millions of dollars monthly to power plants when they are idle. The government has spent over $9 billion since 2009 to...
China-Myanmar Rail Link

China-Myanmar Rail Link: Enhancing Cross-Border Connectivity

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...
Chinese Smartphone company , India

India Detains Chinese Smartphone Executive Amid Fraud Investigation

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),...
Microsoft's Activision Blizzard

UK Clears Path for Microsoft’s Activision Blizzard Mega-Deal

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...
US-China tech war

Chip Wars: China’s Role in Semiconductor Industry: US Restrictions on Chip Sales

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...
US dollar

Federal Reserve’s Missteps: Unveiling Critical Errors

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...
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