The global need for arms has grown dramatically, but global arms producers have not been able to keep up with the demand in 2022, shows the Stockholm Institute for Peace Research report (SIPRI). "Revenues from arms sales and military services of the 100 largest companies in the industry, despite...

During his speech at the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in Dubai, World Bank Chief Ajay Banga announced that the organization has chosen to increase the percentage of its yearly funding for climate-related projects from 35 percent to 45...

FT: A record 8.54 million borrowers in China have experienced loan default. The Financial Times reports, citing government numbers, that the number of Chinese debtors facing nonpayment of loans has reached a record high, amounting to 8.54 million individuals. According to FT, the Republic's...

For the third consecutive month, euro zone inflation fell faster than anticipated in November, undermining the European Central Bank's thesis that price increase is unyielding and encouraging betting on early spring rate cuts against the bank's stated instructions.   A year ago, inflation...

The US Air Force has placed an additional $2.3 billion contract with US aerospace giant Boeing Co. for 15 KC-46A Pegasus tanker aircrafts. Delivery is scheduled for the end of July 2027. There have been 153 orders for KC-46A type aircraft placed worldwide so far. The US Air Force has already...

BMO Capital Markets analysts forecast that the S&P 500 index of US stocks will remain mostly unchanged until the end of 2023 and increase to 5100 points in 2024, reports MarketWatch. At Tuesday's closing bell, the indicator had a value of 4554.89 points. Experts therefore predict a rise of roughly...

The Rason Special Economic Zone, which was once a test of limited capitalism in North Korea, seems to be the hub of the isolated nation's expanding cooperation with Russia, experts believe, possibly involving the transfer of weapons for the conflict in Ukraine.   Before tighter sanctions...

It's really advanced stuff.   Buoyed by a rising crypto tide, "layer 2" cryptocurrencies, which are local to projects built on top of "layer 1" blockchains like Bitcoin and Ethereum, have found fresh life after a year in the doldrums.   From the summer, cryptocurrency prices have...

In its macroeconomic forecast, the Central Bank of Israel calculated that the conflict with the Palestinian Hamas, had cost the nation 198 billion shekels, or 53 billion dollars. In a report on the "expected consequences" of Israel's operation in the Gaza Strip, the regulator stated that the total...