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Global CO₂ Concentrations Surge to Record Highs, Intensifying the Planet’s Warming Trajectory 10/16/2025

Baker Hughes estimates $100 million in negative impact of trade tariffs this year 10/14/2025

Europe’s Slow Self-Driving Push Risks Technological Dependence, Warns Bolt CEO 10/17/2025

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Economics

Trump’s Reversal Of EV Policies Sparks Debate On The Future Of U.S. Transportation

The U.S. electric vehicle (EV) industry is facing a significant shift as President Donald Trump takes steps to undo policies enacted by his predecessor, Joe Biden. On Monday, Trump issued an executive order reversing key measures that had aimed to accelerate the transition to electric vehicles. The...

Oxfam: Number of billionaires grows again in 2024

In 2024, the number of billionaires in the world increased by 204 people, to 2769. The total wealth of billionaires for the year increased by $2 trillion, states an annual report by Oxfam, an association of charitable organizations dedicated to solving the problems of poverty. Oxfam estimates that...

China Maintains Lending Rates Amid Yuan Depreciation Concerns

On January 20, 2025, the People's Bank of China (PBOC) announced the retention of its benchmark lending rates for the third consecutive month, a decision influenced by the ongoing depreciation of the yuan. The one-year loan prime rate (LPR) remains at 3.1%, while the five-year LPR is steady at...

India's Shift From Disinvestment To State-Owned Enterprise Overhaul

In a strategic pivot, the Indian government is transitioning from its earlier emphasis on disinvestment to a comprehensive overhaul of state-owned enterprises (SOEs). This move aims to enhance the profitability and efficiency of over 200 public sector undertakings (PSUs), marking a significant...

The Potential Economic Impact Of Sanctions On India’s Oil Imports From Russia

India, one of the world's largest oil consumers, may face a looming economic crisis due to recent U.S. sanctions aimed at curbing Russian oil exports. With these sanctions, India could experience higher energy costs and inflationary pressures, especially as it seeks to maintain its energy demands...

China’s Economic Growth In 2024: Structural Challenges Behind The 5% Growth Target

China’s economic landscape in 2024 has been a mix of achievement and turbulence. While the government celebrated reaching its 5% growth target, concerns about the sustainability and quality of this growth have come to the forefront. A closer look reveals a troubling imbalance, with industrial and...

U.S. White House: Americans cannot make online payments safely

According to a press release on the White House website, U.S. citizens cannot securely conduct online transactions, which results in $56 billion lost each year to identity theft fraudsters. Alongside, the paper released an executive order from the U.S. president focused on enhancing cybersecurity...

EU cuts greenhouse gas emissions by 7% in 2023

Producers across nearly all sectors of the EU economy lowered greenhouse gas emissions from 2013 to 2023. In 2023, emissions from household and economic activities reached 3.4 billion tons of carbon dioxide equivalent (CO2), reflecting a 7% decrease from 2022 and an 18% reduction compared to 2013....

China's EV Market Faces Transition: Beyond Growth To Innovation And Sustainability

China’s electric vehicle (EV) market, which has been a global powerhouse for the past few years, is now at a pivotal juncture. Analysts predict a significant slowdown in growth in 2025, transitioning the industry from rapid expansion to a phase of consolidation, innovation, and redefined...

Navigating Economic Crossroads: Trump's Policy Challenges Amidst A Robust U.S. Economy

As President-elect Donald Trump prepares to assume office, he inherits an economy exhibiting robust health: output is expanding above trend, the labor market is near maximum employment, and inflationary pressures persist. This economic vigor presents a complex backdrop for implementing his proposed...