In order to offset Western sanctions imposed over the Ukraine crisis, Russia's central bank advised enterprises to adopt "multiple choice solutions" to enable payments with overseas partners, including cryptocurrency and other digital assets.   The previous few weeks have seen significant...

China's population is declining, and this will eventually have a negative impact on the country's economy, labour force, and fiscal policy.   According to estimates derived from analysing UN-released world population data, "the working age population [in China] will fall so rapidly over the...

EU nations are unsure whether to approve more taxes on electric cars made in China, underscoring Brussels' difficulty in garnering support for its biggest trade case to yet as Beijing threatens extensive reprisal.   According to a government source, Germany, whose automakers made almost a...

According to EU statistical office Eurostat, the EU purchased 183.8 million tonnes of energy products worth €95.5 billion between January and March of 2024. Comparing the two, the former decreased by 10.4% and the latter by 26.4% year over year. In terms of value, natural gas imports decreased by...

The London Stock Exchange Group reports that the Hong Kong Stock Exchange saw $6.3 billion in share and convertible bond offers in the first half of this year, a 43.8% decrease from the same period last year. According to Hong Kong Business, it is the lowest since 2003, when SARS interrupted...

German consumer prices, which are in line with EU regulations, rose 2.5% annually in June 2024 after increasing 2.8% the previous month, according to preliminary statistics released by the Federal Statistical Office (Destatis) of the nation. The consumer price index rose by 0.2% over the previous...

Fisker, an American electric vehicle manufacturer that filed for bankruptcy earlier in June, has voluntarily recalled over 12,500 vehicles in North America and Europe due to potential issues with external door handles, the company said in a statement. 8,200 Ocean flagship SUVs in the United States,...

Leading oil exporter Saudi Arabia may lower the pricing of the crude grades it supplies to Asia for a second month in August, following Dubai's decline as a benchmark for the Middle East, according to trade sources.   Around 80% of Saudi Arabia's oil exports go to Asia, thus the prospective...

According to an official survey released on Sunday, China's industrial output declined for a second consecutive month in June while services activity dropped to a five-month low. These findings support the need for more stimulus as the country's economy continues to struggle to recover.  ...