21 Nov, 2024

Why China’s Auto Market Surges by 14% Despite Economic Slowdown?

By DSong In October 2023, sales of new vehicles in China’s Auto Market witnessed a 14 percent surge, reaching 2.853 million units. But the question is how it gave this promising growth when the economy is slowing down. As per the China Association of Automobile Manufacturers (CAAM) data, this was a significant increase from 2.505 million units […]

Ukraine Inks $50M Insurance Deal Amid Russia-Ukraine Conflict

Ukraine has secured an agreement with the global insurance broker and risk advisor Marsh McLennan, along with Lloyd’s of London registered brokers, to provide insurance coverage for ships exporting grains amid the Russia-Ukraine Conflict’s geopolitical risks. On social media handle, the Ukrainian minister for the economy Yulia Svyrydenko announced that this $50 million program will […]

Panama Bans New Metal Mining Permits Amid Protests; Controversial Canadian Project Survives

The president of Panama Laurentino Cortizo signed into law a national moratorium on issuing new metal mining permits after weeks of mass protests in the country against a controversial Canadian project. The legislation of this Central American state also explicitly banned the renewal of the existing concessions after their terms expire. This metal mining ban […]

UN Official Resigns Over Israel-Gaza ‘Genocide,’ Calls for Dismantling of ‘Settler-Colonial Project’

The United Nations (UN) high-ranking official Craig Mokhiber resigned in protest that it failed to stop the Israel-Gaza war and ‘genocide’ of Palestinians through the hands of Israeli forces. In a detailed communication addressed to UN High Commissioner for Human Rights Volker Türk, Mokhiber called for the immediate dismantling of what he described as a […]

How Americans Reacted to the Inflation Crisis?

Over the last two years, high inflation has adversely affected the American economy. This inflation crisis is undermining the financial well-being of millions of citizens, especially of the fixed-income population. Notably, basic necessities, like food, fuel, and housing, have become increasingly expensive, further burdening individuals. The high inflation has pushed citizens toward fiscal prudence and […]

U.S. Urges Saudi Arabia and China to Pressure Hamas, Halt Conflict

Can the U.S. De-Escalate Hamas-Israel Conflict? Involving China and Saudi Arabia to Calm Hamas While Not Stopping Israeli Civilian Killings. The United States has asked Saudi Arabia and China to use their influence and pressure Hamas to stop their militant activities, release hostages, and prevent the Israel-Hamas war from spreading. On Sunday, the U.S. Secretary […]

Saudi Arabia Ends Talks on Normalizing Relations with Israel

Surprisingly, Saudi Arabia has declared that they are no longer going to engage in any talks concerning normalizing relations with Israel. US Secretary of State Antony Blinken was informed that the talks were over, signaling a setback in recent American efforts to bring reconciliation and peace between them. Saudi Arabia’s decision to freeze talks sparks doubts on […]

Is Meta to charge EU users for Ad-Free Facebook and Instagram?

Mark Zukerberg’s Meta to introduce Facebook and Instagram subscription models for Europeans and charge a monthly fee Meta is considering the possibility of charging Europeans $13/month for ad-free versions of its Instagram or Facebook apps. Mark Zuckerberg’s company is to take the move in response to the European Union’s privacy regulations and ECJ’s recent ruling. Notable, […]

China Launches First High-Speed Rail Along Fujian Coastline

In a significant development, China inaugurated its high-speed rail line, spanning various bays and tracing the southeastern coastline of Fujian province near the Taiwan Strait, according to reports from state media on Thursday. The maiden voyage of a bullet train took place on Thursday morning, departing from Fuzhou, the provincial capital of Fujian in eastern […]

Sudan’s Conflict: UAE Secretly Supports Sudan Faction Under Refugee Aid Cover

In a covert operation disguised as refugee aid, the United Arab Emirates (UAE) has been providing substantial support to one faction in the ongoing Sudan conflict, a recent investigation by The New York Times revealed. Multiple sources, including both current and former officials hailing from the United States, Europe, and various African nations, have asserted […]

Net Zero by 5 Chinese Tech Giants Can Decarbonize 25% of Hang Seng Index

These tech giants, including Alibaba, Baidu, China Mobile, Tencent, and Xiaomi, were responsible for emitting 87 million tonnes in the 2021-22 fiscal year, surpassing Hong Kong’s annual emissions of 34.7 million tonnes, which can collectively eliminate emissions equivalent to 2.5 times that of Hong Kong. Five major Chinese ICT giants – Alibaba, Baidu, China Mobile, […]