While Russian gas can be replaced with other forms of energy, microchips made in Taiwan cannot. The country’s chip giant TSMC has attained a global market dominance of truly systemic proportions. But why is that?...
A string of record-breaking profit reports from the world’s largest oil companies has raised eyebrows, given that consumers around the world are grappling with a worsening energy crisis. The global energy crisis and high inflation...
The US Dollar has been the global reserve currency ever since 1944 when the Bretton Woods Agreement was signed between the major nations of the world. For the uninitiated, a global reserve currency is a...
European demand has kicked the US LNG industry into high gear, but its capacity is too low and the climate is being caught in the crossfire. As Europe weans itself off Russian energy as punishment...
Researchers at Yale University say the Russian economy is suffering massive damage due to Western sanctions, despite Moscow downplaying the effect. Sanctions on Russia are taking a heavy toll on the economy, despite Moscow’s assertion that the...
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be “teetering on the edge of global recession.” In...
With the exception of Japan, Taiwan, and India, the large equity markets in the Asia Pacific region traded higher today. The Hang Seng led the move (1.65%) amid reports that Alibaba will seek its primary...
Colombia’s president-elect Gustavo Petro will take up his office on August 7th. He is trying to bring together a coalition of politicians to make sure he can get through his economic, tax and land reforms....
Today I was asked a question. “Given the speed with which negative and fake news spreads with social media, should we consider Facebook and other social media platforms as harmful and ban or control or...
The bank has ended an era of negative interest rates with a higher-than-expected hike. The move could put a brake on rising prices but might also dampen economic growth. The European Central Bank on Thursday raised its key...
The dollar’s downside correction continues today, helped by hawkish signals from the Reserve Bank of Australia and unnamed sources who have played up the chances of a 50 bp hike by the European Central Bank...
An industrial park in Skive is trying to solve two of the most urgent problems in Western societies: climate change and the effect of urbanization on rural areas. A pilot project is showing circular economy...