The latest shipping corporations to do so after attacks by Yemen's Houthi group on vessels interrupted global trade and led to the formation of a naval task force were Germany's Hapag-Lloyd and Hong Kong's OOCL on Thursday, announcing their intention to stay out of the Red Sea.   The Suez...

Since Western sanctions over Moscow's invasion of Ukraine cut off supplies of essential parts and maintenance services, Russia has provided more than $12 billion in state subsidies and loans to keep its aviation sector afloat, according to a Reuters study.   Due to its reliance on...

In an effort to maintain its hegemony over a number of important metals, China, the leading processor of rare earths in the world, prohibited the export of technology on Thursday that would allow for the extraction and separation of the vital components.   A class of seventeen metals known...

The South Korean government will mandate manufacturers to disclose the amount by which a product package's weight or volume has been lowered, starting in 2024. The goal of this measure is to combat the "shrinkflation"—a phenomenon in which product packaging shrinks rather than the price rises. A...

By 2040, Dutch bank ING will progressively cease funding the production and development of oil and gas, the credit organization announced in a statement. ING will specifically cut lending to upstream projects by 35% by 2030, which will result in a halving of the volume of financed emissions in this...

The case for the dollar's continued decline into 2024 has grown following the US Federal Reserve's dovish December pivot, while the strength of the US economy may be able to contain the greenback's fall.   Due to strong U.S. economy and the central bank's commitment to maintaining high...

Following the central bank's decision to maintain the stability of its medium-term policy rate earlier this week, China maintained benchmark lending rates at the monthly fixing on Wednesday, in line with market expectations.   But as deflationary pressure drives up real borrowing costs,...

Turkey and Turkish enterprises saved almost $2 billion on energy bills in 2023 by increasing imports of inexpensive Russian oil and processed goods, according to a Reuters estimate based on LSEG statistics and dealers' estimations. Despite Western sanctions, Ankara wants to buy more from its...

After a lacklustre post-COVID recovery, Beijing is faced with a difficult decision for 2024 and beyond: increase debt or decrease growth. This has cast serious doubt on the basis of China's decades of remarkable growth.   It was anticipated that after China abandoned its harsh COVID...