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Finance

BRICS
BRICS

Building BRICS: A populous African powerhouse enters the game

February 5, 2025 Mariel Alumit

The assessment of Nigeria as the ninth partner state in BRICS marks a significant milestone in the history of this group. It’s not merely a change of status; it represents a profound evolution in global […]

shadow fleet
Crude Oil News

Probe reveals more than $6bn in shadow fleet deals

February 5, 2025 Mariel Alumit

European and American shipowners have pocketed at least $6.3bn from selling hundreds of ageing tankers on to shell companies, from where they make their way into the shadow fleet, a new probe carried out by […]

Musk
Finance

Biden spent billions promoting illegal immigration – Musk

February 4, 2025 Mariel Alumit

The billionaire accused the former US president of using taxpayer money to support unlawful border crossings Elon Musk has accused the administration of former US President Joe Biden of redirecting billions of dollars in taxpayer […]

China
Finance

China Responds to Trump’s Tariffs With Caution

February 4, 2025 Mariel Alumit

Beijing has ended up the sole target of new U.S. tariffs—so far. How Will China Respond to Trump’s Tariffs? After days of uncertainty, China has ended up the sole target (so far) of U.S. President […]

Job
Finance

Underlying Job Market Dynamics Retighten as Fed Moves any Rate Cuts into Distance amid Accelerating Inflation

February 4, 2025 Mariel Alumit

By Wolf Richter for WOLF STREET. The reason we’re looking at the underlying dynamics of the labor market is to gauge the pressure within the Fed to cut interest rates to prevent the labor market from weakening. And […]

Paris Agreement
Climate Crisis

Governors In Bloomberg-Backed Climate Alliance Double Down On Paris Agreement

February 4, 2025 Stu Turley

Governors in the US Climate Alliance are upholding the Paris Accord despite voter rejection, driving up energy costs and prioritizing costly green schemes. Despite a red wave sweeping across America last November, a green wall […]

DeepSeek
AI

What DeepSeek Revealed About the Future of U.S.-China Competition

February 4, 2025 Mariel Alumit

Washington faces a daunting but critical task. The Chinese start-up DeepSeek stunned the world and roiled stock markets last week with its release of DeepSeek-R1, an open-source generative artificial intelligence model that rivals the most […]

Hapag-Lloyd
Finance

Hapag-Lloyd wraps up financing for 24 LNG-powered containerships

February 4, 2025 Mariel Alumit

Hapag-Lloyd said on Tuesday that the financing will be carried out on the basis of its “green financing framework” for the order placed in October last year. Yangzijiang Shipbuilding will build 12 vessels each with a capacity […]

China
Finance

China to impose tariff on US LNG

February 4, 2025 Mariel Alumit

China’s Ministry of Finance said in a statement on Tuesday that the US government announced on February 1 the imposition of a 10 percent tariff on all Chinese goods exported to the US, citing fentanyl […]

UK
Finance

UK hoping to buy its way out of Trump tariffs – Politico

February 4, 2025 Mariel Alumit

The UK government is considering purchasing more liquefied natural gas (LNG) as well as F-35 fighter jets from the US in the hope of averting punitive tariffs on British goods, Politico has reported. Tariffs were […]

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