War
Accounting for more than 40% of the global rice trade, as well as the second-largest producer after China, India’s latest decision to ban the exports of non-basmati white rice with immediate effect (July 20) could trigger further inflation on global food markets. The move comes amid concerns that there could be a supply shortage in […]
... written on Jul 22 2023Food Price To Spike Again – Russia Terminates Black Sea Grain Deal, Threatening Global Food Security
Russia has terminated a deal with Ukraine which allowed it to export grain through the Black Sea, potentially plunge the world into another round of food crisis. First inked in July 2022, the U.N.-brokered Black Sea Grain Initiative enabled Ukraine to supply world markets with over 32 million tonnes of food products after Moscow invaded […]
... written on Jul 17 2023Americans were stunned – and humiliated – when U.S. Treasury Secretary Janet Yellen bowed, not once, but repetitively, when she met Vice Premier He Lifeng during her visit to Beijing last week. Her Chinese counterpart was pleasantly surprised with her gesture that he appeared to backs away to give Yellen more room to “kowtow” and […]
... written on Jul 11 2023Stalin used to allow – even encourage – mini rebellions to occur so that the revolutionary who led the Soviet Union from 1924 until his death in 1953 could cling to power by flushing out traitors. He would suddenly disappear from the office without announcement for a few weeks, presenting the opportunity to enemies to […]
... written on Jun 30 2023Germany officially plunged into recession during the first three months of the year. The Europe’s largest economy contracted by 0.3% in the first quarter of 2023 after it suffered a decline of 0.5% in the fourth quarter of 2022. A recession is defined as two consecutive quarters of contraction, therefore, the German economy has entered […]
... written on May 29 2023Since Russian president Vladimir Putin invaded Ukraine in February 2022, the United States has seized several superyachts belonging to Russian oligarchs. It was part of Washington’s tactic to seize the assets of Russian billionaires, believed to be Putin’s cronies, in order to put pressure on Moscow to end the war in Ukraine. But the confiscation […]
... written on May 18 2023On Wednesday (May 3, 2023), footage of two drones attacking the Kremlin in Moscow has gone viral. The stunning strike on Vladimir Putin’s residence has been described as “a planned terrorist act and an assassination attempt on the Russian president”. The explosion, however, did not kill or injure anyone because Putin was not present in […]
... written on May 05 2023Having learned from China, a country called India is making tonnes of easy money by buying crude oil from Russia before selling it to the EU. The fast learner has become Europe’s largest supplier of refined fuels, according to data from analytics firm Kpler. In March alone, India’s imports of crude oil from Russia touched […]
... written on May 01 2023It will not happen overnight or next month. And it will not lose entirely its reserve currency status next year. But the U.S. dollar is definitely losing its status at a faster pace than generally accepted. Western analysts and economists are simply in denial when they insist that the greenback is not going anywhere, let […]
... written on Apr 20 2023Playing good cop and bad cop, French president Emmanuel Macron and European Commission chief Ursula von der Leyen flew into Beijing last Wednesday. The duo’s visit to China (April 5 – April 8) was supposed to present a united European front to pressure Beijing on several issues, including using Chinese influence to condemn Russia and […]
... written on Apr 10 2023
