International Monetary Fund (IMF) Managing Director Kristalina Georgieva cautioned that the world economy could fragment into conflicting economic blocs, which poses a growing risk that would be harmful to everyone, including Europe. "There is an increasing possibility that the world could break up...

The International Energy Agency (IEA) analysts predicted that oil and gas businesses will still make record profits in 2022despite the $600 billion expenditure needed to halve global emissions associated with oil and gas extraction. "By 2030, oil and gas production will need to cut its worldwide...

According to government data released on Wednesday, China's tourism recovered to pre-COVID 19 levels for the May Day vacation as domestic travel increased by more than two-thirds from a year earlier. This is good news for the world's second-largest economy.   If maintained, a resurgence in...

The US Federal Reserve entered a new chapter in its management of the post-pandemic economic recovery by raising interest rates for the last time in history and paying closer attention to credit and other economic concerns.   As predicted by the financial markets, the U.S. central bank...

A quick switch to electric vehicles (EVs) has upended the world's largest auto market and resulted in a decline in purchases of gasoline-powered automobiles, data indicates, putting Japan's automakers in a sales crisis there.   According to industry data examined by Reuters, total sales of...

Hollywood writers have been penning science fiction stories about robots taking over the planet for decades. They are now striving to prevent robots from taking their jobs.   The Writers Guild of America wants to limit the use of AI in creating film and television scripts. According to the...

According to IMF Managing Director Kristalina Georgieva, nations are steadily moving away from using the dollar as a reserve currency, and pointed out that there wouldn’t be any substitutes for it any time soon. "Yes, the dollar is being gradually abandoned. Earlier, it made up roughly 70% of...

After the US Treasury Department issued a warning that the government might not have enough money to pay its bills by June, U.S. President Joe Biden on Monday invited the four top congressional leaders to the White House the following week.   Janet Yellen, the secretary of the Treasury,...

According to Bloomberg, Yukio Kani, Head of the world's largest purchaser of liquefied natural gas Japanese Jera energy business, there is a chance that prices would increase this year, particularly if the upcoming winter is chilly. In an interview with Bloomberg, Mr. Kani claimed that there has...