According to the country's draft 2023 budget, Chinese officials will raise the military budget by 7.2 percent to 1,553.7 billion yuan (roughly $224.8 billion) in 2023. Additionally, spending on public security will increase by 6.4% to 208.972 billion yuan ($30.2 billion) and diplomatic action will...

In an interview with Spanish television station Antena 3, the ECB’s head Christine Lagarde stated that the European Central Bank (ECB) will once more increase its key rate by 50 basis points in March to slow down the inflation. "The next meeting will see another increase; because inflation is too...

The fourth quarter of last year saw venture capital funds raise $20.6 billion, which was 65% less than a year earlier and the lowest amount since 2013. The number has more than decreased by half as compared to the third quarter of 2022. The Wall Street Journal stated this with reference to the...

According to a news release posted on the official website of Mexico, President Manuel Lopez Obrador designated 235 thousand hectares of land in the northern state of Sonora as a national lithium mining zone. The press release states: "Andrés Manuel López Obrador, President of the republic, has...

To better prevent risks in the nation's financial system, China's banking regulator and central bank intend to implement a more differentiated regulatory system for evaluating commercial banks' capital adequacy and risk management.   On Saturday, the People's Bank of China and the China...

As the auto industry was hit hard by Western sanctions over the conflict in Ukraine, spending on new cars in Russia more than halved last year. Production fell, prices shot up, and consumers began to turn to used cars that were less expensive.   Russian economic restraints have undoubtedly...

The U.S. Federal Reserve is expected to raise interest rates three more times this year, according to Goldman Sachs and Bank of America, who raised their projections after data indicated persistent inflation and a robust labor market.   According to data released on Thursday, producer prices...

A mechanism for joint fertilizer purchases within the EU was suggested by the European Parliament. The European Parliament recommends that the European Commission (EC) look into the possibility of developing a mechanism for joint fertilizer procurement for the European Union (EP). According to...

After three years, the world's largest factory and most populous country finally opened for business, sparking a surge in demand as well as worries that it will exacerbate inflationary pressures around the world. However, economists claim that investors shouldn't worry too much.   China's...