China is getting ready to launch a new state-backed investment fund with the goal of raising approximately $40 billion for its semiconductor industry as the nation steps up attempts to catch up with the United States and other rivals, according to a report by Reuters quoting information from...

UK citizens will face one of the largest fuel price increases in 23 years. According to the British Motorists' Association RAC, British citizens will experience one of the largest one-month increases in petrol prices in 23 years as a result of growing oil prices. According to a news statement on...

China is constructing battery plants with capacities greater than those required to satisfy domestic demand, writes the FT. According to the publication, China is constructing considerably more battery factories than is required to satisfy local demand for electric vehicles and grid energy storage....

According to Prime Minister Narendra Modi, the project also aims to promote the energy transition. India plans to propose the formation of a biofuel alliance in order to accelerate energy transition and protect the environment, said Prime Minister Narendra Modi in an interview with the Press Trust...

Bank of China made its first direct RMB investment in Argentina. Xinhua news agency reports that the Bank of China branch in Buenos Aires has completed its first yuan-denominated direct investment transaction in Argentina. The process was completed on Wednesday by the Chinese battery recycling...

The rate of inflation in the nations that make up the eurozone has stopped declining; in August, it was 5.3%, above economists' projections. According to preliminary Eurostat data, the annual inflation rate in 20 eurozone countries stopped decreasing in August and stayed the same at 5.3%. the...

Although Americans spent more money on goods and services in July than they had in the previous six months, predictions that the Federal Reserve would leave interest rates steady next month were solidified by monthly inflation rates that were declining.   The likelihood of a recession this...

According to government data and interviews with enterprises, Chinese exporters are employing a complex currency swap method to postpone turning their dollar revenues into yuan out of concern that they will lose out on possible increases in the U.S. currency.   The fact that China's state...

The administration has roughly 50 humanitarian initiatives planned in all. The German government has approved a set of economic support measures. As a result, the total amount of funding now equals €7.035 billion annually up to and including 2028, according to a draft law quoted by Handelsblatt....