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...

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...

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...

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...

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...

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...

At a joint press conference with the United States on Thursday, Foreign Minister Melanie Joly stated that Canada intends to join the Indo-Pacific Economic Framework (IPEF) nations. She stated at the news conference, "I am pleased to announce that Canada will pursue membership in the Indo-Pacific Economic Framework." In May 2022 during a visit to Tokyo, President Joe Biden announced the launch...

According to the SPA news agency, the Public Investment Fund (PIF) of Saudi Arabia has launched five regional businesses with assets totaling 90 billion riyals ($24 billion) to fund projects in Jordan, Bahrain, Sudan, Iraq, and Oman. The companies will make strategic investments in a number of industries, including manufacturing, communications, real estate, infrastructure, mining, financial...

According to Jim Chalmers, head of the Treasury Department, Australia's inflation may reach its peak by the end of the year as a result of recent natural disasters and growing energy costs. He told ABC television that "the Treasury Department's current estimate is that inflation will linger longer than we projected." According to the Australian finance minister, inflation will reach a yearly...