World & Politics
Study: China sets to reduce dependence on coal imports - 04/25/2022
According to a report published in the scholarly journal Joule, China is creating internal transportation infrastructure to distribute local coal and minimize reliance on energy imports. China's coal consumption will increase by 2.2 percent to 4.37 billion tonnes in 2022, according to China Energy Investment Corporation. In the meantime, coal imports plummeted by 24.2 percent in January-March, to...
IMF calls for urgent action to avert food crisis - 04/21/2022
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), said the world community needs to act quickly to avoid a food crisis in the poorest countries. "High and growing food prices are a major source of concern, particularly in developing nations where the risk of a food crisis is increasing. We require immediate international action," Georgieva stated during a press...
Reuters: EU proposes to stop Russian nuclear fuel imports - 04/21/2022
Several EU countries have proposed freezing Russian nuclear fuel imports, banning Russian TV news channels, suspending Russian visas, and applying fresh penalties against allegedly "Kremlin-connected" individuals and enterprises, reports Reuters. According to the newspaper, the European Commission is currently working to improve availability of alternative energy sources in order to "lower the...
Mexico approves nationalisation of lithium mining companies - 04/20/2022
The plenum of Mexico's upper house of congress has generally approved a reform of the mining law, establishing lithium as a national treasure and giving the state exclusive rights to its exploration, development and industrial use. "By 87 votes in favour, with 20 against and 16 abstentions, the draft reform of the Mining Act on the exploration and exploitation of lithium was passed as a whole,...
IMF does not expect recession in US economy - 04/20/2022
The International Monetary Fund (IMF) does not forecast a recession in the US economy. This was reported by the director of the IMF Monetary and Capital Markets Department Tobias Adrian. Adrian noted that so far the fund does not expect recession, but there are still risks of unfavourable developments in the American economy. "If further negative supply shocks or real activity follows, we could...
Qatar and South Korea discuss energy cooperation - 04/19/2022
Saad al-Kaabi, Qatar's Minister of State for Energy, met with Moon Sung-wook, South Korea's Minister of Trade, Industry, and Energy, in Doha, to discuss energy cooperation. "During the meeting, discussions centered on energy relations, cooperation between Qatar and Korea, and methods to strengthen them," according to the press release. Last July, South Korea agreed to supply from Qatar...
Reuters: Russia asked Brazil for support at IMF and G20 amid sanctions - 04/18/2022
According to Reuters, Russian Finance Minister Anton Siluanov has requested Brazilian Economy Minister Paulo Guedes for help against penalties at the International Monetary Fund (IMF), the World Bank, and the G20. Mr. Siluanov's letter was cited by the agency. The paper, dated March 30, was presented to the Brazilian minister on April 13 by the Russian envoy. According to Reuters, Russia's...
IMF expects global economy to decline further in 2023 - 04/15/2022
The IMF's Managing Director Kristalina Georgieva warned on Thursday that the global economic growth forecast for next year will be reduced further due to the pandemic and the situation in Ukraine. "We expect the global economy to contract further in 2022 and 2023," the IMF director said in remarks streamed on the organization's website. "Fortunately for most countries," she says, "growth will...
International organizations concerned about global food supplies - 04/14/2022
In view of the conflict in Ukraine, the International Monetary Fund (IMF), the World Trade Organization (WTO), the United Nations World Food Programme (WFP) and the World Bank have issued a joint statement urging the international community to take immediate steps to ensure food security. "Worsening crises are shaking the planet. The war in Ukraine is exacerbating the COVID-19 pandemic, which is...
Experts lower forecast for Germany's GDP growth - 04/14/2022
Kiel Institute’s expert: German conjuncture is in a complex process of development. Stefan Kooths, vice president and director of the conjuncture department at the Kiel Institute for World Economics, said at a briefing in Berlin that economic growth in Germany in 2022 will be only 2.7%, while in the fall the forecast was 4.8%, and inflation will grow to 6.1%. Presenting the joint forecast...
