World & Politics
Premier of Chinese State Council of China suggests normalizing relations with Australia - 11/14/2022
Chinese Premier Li Keqiang met with Anthony Albanese, the prime minister of Australia on the sidelines of the East Asia Summit in Cambodia. Li Keqiang proposed normalizing ties between China and Australia during the discussion, reports the Chinese Foreign Ministry's press office. "You stated the wish that through cooperative efforts, Australia and China will resume normal bilateral relations when...
German meteorologists forecast mild winter - 11/11/2022
The upcoming winter in Germany may be among the warmest in the past 30 years, allowing consumers and policymakers to save money on energy expenses, according to the nation's meteorological service (DWD). According to a news statement on the service's website, "If DWD's model predictions hold true, the coming winter might achieve an average temperature of at least 2 degrees Celsius and so be among...
U.S. and India to discuss cooperation at G20 - 11/11/2022
According to the U.S. Treasury Department, U.S. Treasury Secretary Janet Yellen and her Indian counterpart Nirmala Sitharaman will discuss India-U.S. cooperation in the G20, sustainability of supply chains, state of the world economy, and macroeconomic prospects. Yellen arrived in New Delhi on Friday morning. The ninth edition of the India-US Economic and Financial Partnership Dialogue will be...
Maduro sets to turn Venezuela into major food exporter - 11/10/2022
Venezuela will be able to export a significant amount of food, according to President Nicolas Maduro, who made this statement following the 27th UN climate conference. "We have a significant task in making Venezuela the center of healthy food production for Latin America, the Caribbean, and the world after hearing many viewpoints at COP27. We will succeed, I'm sure of it!" he stated in his blog...
EU devises new mechanism for assisting Ukraine - 11/08/2022
Bloomberg reports that the EU will propose a new framework for giving Kiev financial support worth €18 billion on November 9. Thus, the EU wants to increase "predictability" of its funding to Ukraine. According to Bloomberg, "The new instrument for Ukraine will provide mostly concessional loans to cover acute requirements, rehabilitation of essential infrastructure, and early help for post-war...
Saudi Arabia sets up its own car brand - 11/07/2022
Crown Prince Mohammed bin Salman of Saudi Arabia announced the opening of Ceer, the nation's first automaker. It will focus on electric vehicles, according to the Saudi Press Agency (SPA). According to Crown Prince, Saudi Arabia is "launching a new industry and ecosystem, not just a new сфк brand." He forecasted that during the coming ten years, they will "attract foreign investment, produce jobs...
China quarantines area around Foxconn plant - 11/02/2022
According to the economic zone's account on the social networking site WeChat, a quarantine has been announced in the economic zone of the airport in Zhengzhou, China, where Foxconn's technology park, the largest plant in the world for the production of the iPhone, is located. The quarantine will last until November 9. The quarantine restrictions will be in place on November 2 in order to protect...
Biden to introduce tax on excess profits of US oil and gas companies - 11/01/2022
If oil and gas firms do not take action to lower fuel market prices by investing in production, U.S. President Joe Biden may slap a tax on their high incomes, the Associated Press learned. The potential of implementing a "windfall profits tax" on oil and gas companies may be raised by President Joe Biden in a request to Congress. According to a White House source who spoke to The Associated...
Head of EU diplomacy urges Russia not to suspend grain deal - 10/31/2022
The European Union requests that Russia reverse its decision to stop taking part in the grain export deal, Josep Borrel, the EU's high representative for international relations and security policy, stated on Twitter. "The EU urges on Russia to change its decision," the head of European diplomacy wrote. "Russia's decision to stop participation in the Black Sea pact jeopardizes the main export...
Norway becomes main supplier of gas to European Union - 10/28/2022
European Energy Commissioner Kadri Simson stated that Norway has supplanted a quarter of all fuel purchased in the EU and has taken over as the continent's primary gas exporter. Norway now supplies 25% of the EU's natural gas imports, making it the EU's top provider of the fuel. The Norwegian Petroleum Directorate had previously reported that production of liquid hydrocarbons fell by 170,000...
