According to a report from the Stockholm International Peace Research Institute (SIPRI), global arms sales have been increasing for the seventh year in a row in 2021. Sales grew by 1.9 percent last year to $592 billion, the organization's study states, but there were supply chain issues that could get worse as a result of military activity in Ukraine. According to SIPRI, Russian industries are...

Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), demanded that his organization receives regulatory control over the cryptocurrency market as soon as possible to prevent incidents like the FTX fiasco in the future. Mr. Behnam made this statement during the opening U.S. Senate hearing on the defunct Bitcoin exchange. "The gap that currently exists worries me....

The National Bureau of Statistics reports that the business activity index (PMI) for China's manufacturing sector dropped to 48 points in November. The nation's industrial activity index has declined the most since April. The manufacturing PMI in China fell for the second consecutive month. The figure was 49.2 points in September. A PMI score above 50 denotes increased activity, while one below...

According to the Financial Times, key economic indicators point to the possibility that global inflation has peaked and will continue to decline. Maximum values for the producer price index were seen in March through August of this year. Nearly all G20 nations' producer prices in October were lower than they were in September. More moderate changes in consumer prices are being caused by a...

WTO analysts estimate that the world trade index is currently at 96.2 points with a baseline value of 100. According to the most recent WTO Merchandise Trade Barometer, which was published on November 28, as the global economy continues to experience significant headwinds, trade growth is anticipated to decline in the last months of 2022 and into 2023. The WTO stated that the current value of...

Between the end of the first quarter and the end of the third quarter of this year, 13 hedge funds invested roughly $100 million to increase their interests in Twitter, according to Forbes USA. In his remarks on Nov. 3 at the Forbes Iconoclast Summit, Carl Icahn stated, "It doesn't take a genius to figure out that he was going to close this deal." According to Forbes USA, between the end of the...

According to Cleveland Federal Reserve Bank President Loretta Mester, the U.S. Federal Reserve may start reducing the size of its interest rate increases as of next month in order to moderate inflation while enabling the economy to keep expanding. "At the next meeting, I believe we can reduce the rate rises from 75 basis points. This is not a problem in my opinion, and I believe that such a...

Due to its reliance on Chinese exports, the market for electric vehicles may see a graphite scarcity, according to a supplier to Tesla. The market domination of Chinese manufacturers will cause a severe graphite scarcity in the electric vehicle industry within the next ten years, said Shaun Verner, CEO of Australian company Syrah Resources. Syrah Resources is the largest producer of natural...

According to a news statement, Saudi Aramco, the Saudi Arabian government-owned oil firm, would invest $7 billion in petrochemical manufacturing at a refinery in Ulsan, South Korea. According to a press release from the Saudi corporation, "The Shaheen project is worth 26 billion Saudi rials, or seven billion dollars, and is Aramco's greatest investment in South Korea. This investment will be...