The Biden administration has chosen clean energy projects in seven states, ranging from Pennsylvania to California, as part of a $7 billion program to jump-start
Category: WORLD NEWS
EU may decouple from China as trade deficit tops $170b.
The top foreign policy official for the European Union cautioned on Friday that if the region’s trade deficit with China is not reduced, public opinion
Microsoft’s shares fell after the IRS hit it with $29b in back taxes.
Microsoft said in a securities filing on Wednesday that the Internal Revenue Service estimates it owes the U.S. Treasury $28.9 billion in overdue taxes, penalties,
Use of weather derivatives by big corporations is increasing with the global impact of extreme weather.
Energy firms, hedge funds, and commodities traders are increasingly using financial products that allow them to wager on the weather in an effort to hedge
Federal Trade Commission says US consumers waste over $1b and pay 20% extra as hidden charges.
The Federal Trade Commission put up a proposal on Wednesday to outlaw any fictitious junk fees that may be used to inflate the price of
China says its Belt and Road infrastructure lending is a good alternative for global development.
A government report was released by China that promotes the 10-year-old Belt and Road Initiative while downplaying accusations that it has burdened developing nations with
U.S casino industry remains a powerful driver of economic activity by contributing $329b to GDP.
A recent report by the national trade association for the industry shows that the casino gaming sector in the United States generates about $329 billion
World Bank considers expanding guarantees for commercial loans for the private sector of developing economies.
The World Bank announced on Monday that it is exploring methods to increase the commercial loan guarantees it offers in order to increase the amount
Emerging economies are locked in a debt crisis as loan interest and debt repayments exceed $500m a day. – Oxfam
A financial crisis that has brought numerous nations to the verge of default will force budget cuts of $220 billion on some of the world’s
OPEC leaders insist fossil fuels have a role to play in energy transition ahead of COP28.
Heavyweights in OPEC stated on Sunday that the industry had a part to play in a smooth energy transition and that oil and gas should
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