World & Politics
Israel and UAE sign historic free trade agreement - 05/31/2022
Israel and the United Arab Emirates have inked a free trade deal, according to a statement from the Israeli Foreign Ministry. "A historic agreement on a free trade zone was reached this morning in Dubai between Israel and the United Arab Emirates," the ministry said in a statement. Israeli Economy and Industry Minister Orna Barbivai and UAE Economy Minister Abdulla bin Touq Al Marri both signed...
Algeria and China agree to share oil production - 05/30/2022
APS: Sonatrach and SOOGL agree to split $490 million in oil production. The official Algerian news agency APS announced on Twitter on Saturday that Algeria's Sonatrach oil and gas group and Chinese oil and gas business Sinopec Oil & Gas Limited (SOOGL) had inked a $490 million oil production sharing agreement in Algeria's southeast section. The 25-year agreement calls for a "project...
UK to impose a levy on excess profits from oil and gas - 05/27/2022
The UK plans to introduce a 25 per cent levy on excess profits from oil and gas companies as part of measures to tackle the cost-of-living crisis. This was announced by the country's finance ministry. "A new 25 per cent levy will be levied on the excess profits earned by oil and gas companies to help families with the cost of living," the authority said in a press release. Inflation in the UK...
Over 50% of Americans support tougher gun laws - 05/26/2022
According to a CBS News and YouGov poll, 54 percent of Americans want tighter gun legislation. Thirty percent believe that present laws shouldn’t be changed. 16 percent of respondents want present limits to be loosened. The survey took place from the 18th to the 20th of May. The study included 2,041 adult citizens from the United States. The survey's margin of error is less than 2.5 percentage...
New Asia-Pacific economic framework launched in Tokyo - 05/24/2022
Leaders from the United States, Japan, India, and other countries attended introduction of the new Indo-Pacific Economic Framework (IPEF) in Tokyo. Foreign commerce, including digital resources, infrastructure for renewable energy and decarbonization, guaranteeing stable supply chains, and tax and anti-corruption measures are all part of the new structure. The United States, India, Japan,...
WHO to call emergency meeting because of monkeypox outbreak - 05/23/2022
WHO will convene an emergency meeting of experts to discuss the outbreak of monkeypox. Cases of the infection have been recorded in at least 10 countries around the world. The World Health Organization (WHO) will convene an emergency expert group meeting to discuss an outbreak of monkeypox. This is reported by The Telegraph newspaper. According to the newspaper, the main topics of the meeting...
China is in talks with Russia to buy oil - 05/20/2022
China is in talks with Russia to buy more oil to replenish its strategic reserves, Bloomberg sources said. Negotiations are conducted at the level of the governments, while oil companies are hardly participating in them. Beijing is in talks with Moscow to buy more oil in Russia, informed sources told Bloomberg. They specified that additional oil is needed to replenish China's strategic oil...
Study: 9M people die every year because of pollution - 05/20/2022
According to a new research by an international team of scientists, pollution causes 9 million deaths each year. A new study led by Richard Fuller, the head of a global non-profit organization Pure Earth, air pollution and toxic waste are responsible for the deaths of approximately 9 million people each year. Traditional pollutants like greenhouse gases and sewage emissions, according to...
Japan to give Ukraine $300m as humanitarian aid - 05/19/2022
The Japanese government has decided to give Ukraine an additional $300m loan for humanitarian needs. This was reported by the Japanese TV channel NHK. According to the channel, Prime Minister Fumio Kishida will officially announce the new aid package during US President Joe Biden's visit to Japan next week. On 17 May, Japanese authorities and the Ukrainian government signed an agreement on a...
EC: The world lost 2.5 per cent of economic growth - 05/19/2022
The European Commission (EC) has revised its global macroeconomic projection to account for the impact of the Ukrainian war and Russian sanctions. Global economic growth is expected to decrease from 5.7 percent to 3.2 percent in 2022, according to the European Union's regulatory body, and from 4 percent to 2.7 percent - in eurozone countries. If all limitations stay in place, the EC forecasts a...
