Global public debt is set to rise to 95% of GDP this year and will continue to climb in the next years to top 100%, says the IMF.
This development occurred with limited state intervention. The government, however, played a crucial role in facilitating adoption by removing import tariffs, approving net metering policies and allowing market dynamics to lead the transition.
India has taken significant strides when it comes to reducing import dependency for solar modules and PV cells, which is a result of expanding domestic manufacturing capabilities.
Rice, the most widely consumed grain in the world, is likely to become increasingly toxic as global temperatures and carbon dioxide levels rise, according to new research published in The Lancet on April 17.
Iranian Foreign Minister Abbas Araghchi hailed his discussions with Chinese counterpart Wang Yi during his visit to Beijing on April 23.
Centuries of deep-rooted mistrust of Chinese mean many Mongolians will see release of translated key works as nothing more than propaganda.
After enduring a prolonged and unprecedented series of shocks, the global economy appeared to have stabilized, with steady yet underwhelming growth rates, the International Monetary Fund said in its latest World Economic Outlook.
Chinese tech major Huawei is targeting Brazil's energy storage sector ahead of the country's first battery auction expected in the second half of this year.
The 4th BRICS Employment Working Group (EWG) Meeting concludes in Brasília today, following three days of discussions focused on artificial intelligence, digital transformation and just transition in the world of work.
Amid economic uncertainty, the world is redirecting investments toward Southeast Asia as countries increasingly recognise the strength of regional cooperation.
A new global economic paradigm is taking shape as major economies pivot towards policies rooted in narrow national self-interest, a shift that political analysts at Oxford Economics believe will have lasting repercussions.
Baku is deepening ties with Beijing ahead of President Ilham Aliyev’s upcoming state visit to China as it seeks partners outside Western-dominated frameworks.
US President Donald Trump’s decision to pull out of the 2015 Paris Agreement again had already dealt a heavy blow to any hope of keeping temperature rises to 1.5C, but now his tariff war with China makes that goal all but impossible to meet.
The agreements cover the construction of four petrochemical plants, infrastructure development and the operation and maintenance of production units.
Fundamentally, the extreme tariffs on China are the exact same mistake as the sanctions on Russia and will have the same principal effect: to prove in the eyes of the world the impotence of the United States.
At present the US faces the dual challenge of having alienated China, the primary global supplier of rare earths, while Washington has also seen its relations with potential alternative partners strained.
China has solidified its position as Azerbaijan’s largest trading partner in the South Caucasus.
Russian energy company keeps gushing red ink.
When destination countries tighten migration and refugee policies, it has economic ripple effects elsewhere, the International Monetary Fund (IMF) said in a blog. Migration has always been an integral part of humanity’s history and success.
China is poised to expand its intake of Russian liquefied natural gas in the coming year, according to its ambassador to Moscow, Zhang Hanhui.