A looming shortage of liquefied natural gas (LNG) worldwide and a reduction in output by OPEC+ have thrust the world into "the first truly global energy crisis", Fatih Birol, executive director of the International Energy Agency (IEA) said in a 25 October speech during the Singapore International Energy Week.
314 search results for: SPOTLIGHT ON CHINA
SPOTLIGHT: THE COMING RECESSION
The chances of a U.S. recession within 12 months has risen from 50 percent last month to 60 percent now, according to 42 economists responding in early October to Bloomberg’s monthly outlook survey.
SPOTLIGHT: BIGS GETTING BIGGER
CHINESE LITHIUM GIANT BUYS RIGHTS TO ARGENTINE DEPOSIT Ganfeng Lithium, the Chinese company ranked as the world’s biggest lithium producer by market capitalization, has agreed to buy Argentine mining company Lithea for $962 million. The deal hands Ganfeng rights to two brine deposits capable of producing the lithium carbonate essential to the batteries that power...
U.S. RAMPING UP CONFRONTATION WITH CHINA
Ask any American what a Tonga and Kiribati are and they would probably guess two rookie baseball players. Or, if they think it’s a country, ask them to find it on the map. But for the servants owned U.S. military industrial complex running Washington DC, it’s important for America to have a presence 6,500 miles...
SPOTLIGHT: INFLATION
EUROZONE INFLATION RISES TO 8.6 PERCENT IN JUNE Another month, another 40-year record for inflation in the 19-country Eurozone. Prices rose 8.6 across the region in June, year over year, accelerating from 8.1 percent in May and rocketing up faster than at any time since 1997 when records began to be kept. Prices in Spain...
CHINA “INNOVATING” BLOCKCHAINS WITHOUT CRYPTO
They’re not permissionless of course, and not public. But rest assured, China is otherwise innovating like crazy with blockchain technology. So reports the Communist government-tied newspaper, the South China Morning Post. According to theBlockcrypto.com, blockchain based immutable distributed ledgers run by entities authorized by the Chinese government’s internet regulator are offering smart contract based software...
CHINA AND RUSSIA SOLIDIFY THEIR BOND
Russian President Vladimir Putin and Chinese President Xi Jinping spoke on the phone Wednesday in what international observers saw as an example of the close bond between the two countries. The Trends Journal has reported that the relationship between China and Russia has vexed the U.S. since the onset of Moscow’s 24 February invasion of Ukraine. China...
SPOTLIGHT: INFLATION
BIDEN SAYS HE CAN DO LITTLE TO REVERSE INFLATION The Biden administration has little power and few tools to control rising food and fuel prices, president Joe Biden said last week after meeting with Jerome Powell, chair of the U.S. Federal Reserve. The average U.S. gas price set a record at $4.82 per gallon on...
CHINA’S EXPORTS FALL AS WORLD SHIFTS SPENDING BACK TO SERVICES
During the COVID War, China became the world’s manufacturer, supplying everything from razor blades to laptops—and the world’s consumers bought, boosting China’s exports to record growth. After two years of having little to spend money on other than more stuff, consumers are emerging from their lockdowns and satisfying their need for experiences—travel, dining out, massages,...
SPOTLIGHT: INFLATION
INFLATION CRIMPS GLOBAL GROWTH The world’s economies slowed this month because of high inflation combined with rising interest rates, The Wall Street Journal reported. Manufacturers in the world’s largest economies are grappling with continued supply chain blockages and higher costs for supplies, due in significant part to China’s two-month shutdown to combat a surge in...