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Trafigura, one of the world’s largest commodity traders, expects copper prices to rise by a third from its current levels due to a global shortage and hit $12,000 per tonne within the next 12 months.
Lira has broken through 19 threshold in pre-election environment. With Erdogan heading for defeat, cautious markets will watch out for his next move.
The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving ever more freely between nations, has slowed in recent years.
Russian Foreign Minister Sergey Lavrov arrived in South Africa on a working visit as the Kremlin continues its charm offensive, TASS reported on January 23.
Large companies investing in lithium mining in Zimbabwe are unbothered by a recent ban on raw exports of the mineral, saying they plan to produce concentrate, which they can freely export. On ...
Croatia joins the core EU group of Eurozone and Schengen members on January 1, 2023, but before that the country’s football team will try to defeat Argentina and advance to the World Cup final.
ENAG inflation research group says it fell to 171% from 185%.
Poland go through group stage for first time for 36 years, with Croatia poised to join them as the only CEE teams to progress.
The investments of the world’s 125 wealthiest people produce the same amount of CO2 as the whole of France, while each of them emits a million times more greenhouse gases than the average person.
The International Monetary Fund has said that it expects inflation pressures to be significant around the world in 2022. Inflation is predicted to be worse in developing economies, where price increases are projected to reach 9.9% on average.
Soaring inflation, rate hikes and a stronger dollar are reminiscent of the early 1980s – a decade that brought a wave of EM sovereign debt crises. This year has already seen Sri Lanka default, hit by an external liquidity crisis.
Soaring inflation, a strong dollar and a complete overhaul of global energy markets are playing hell with Emerging Market debt. The world is now teetering on the edge of a global debt crisis, warns Oxford Economics.
We are looking at a very uncomfortable winter. The West has underestimated the size of the challenge that is fighting an economic war with Russia and the pain that he can inflict on our economies.
The outlook for the production and export of Ukraine’s grain production this year has tumbled due to the war raging in the country, stoking fears of a global food crisis.
The world is being divided into two: the West vs Russia and the non-aligned countries. The race to shore up these new relations is on. But the West has run out of one-way sanctions that hurt Russia but do little damage to the West.
The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.
President Aleksandar Vucic says he agreed gas supplies on terms “very favourable for Serbia” in call with Russian President Vladimir Putin.
The war in Ukraine and a chain of unusual weather events may combine to create a global food catastrophe. New data shows which countries are the biggest agricultural exporters. These agricultural superpowers must work together to mitigate the crisis.
Russia's invasion was born out of a principled decision made by the West not to accept the Kremlin's demands, but there was a pragmatic choice, too, that could have headed off the crisis. Ukraine was never offered Nato membership, so say so.
The recent Russian invasion of Ukraine is having a disruptive economic impact on the MENA region by driving up global wheat prices, which will impose yet more financial burdens on an already cash-strapped Egypt, the world's largest wheat importer.