One trillion yuan ($148 billion) will be set aside by China's central bank to refinance distressed real estate in an effort to address the industry's protracted turmoil, reports The FT. There are two stages to the sector's rescue strategy. The People's Bank of China would first lend money to domestic commercial banks at a reduced rate of 1.75 percent annually. These loans will reach roughly $30...

The UN anticipates that the shipment of grain from Russia and Ukraine will aid those in need. Martin Griffiths, the UN's Under-Secretary-General for Humanitarian Affairs, expressed optimism that prompt action by Russia, Turkey, and Ukraine under the grain deal would quickly aid the world's poor. Griffiths remarked at the Joint Coordination Center's opening in Istanbul, "I hope that their speedy...

According to Cheniere’s press statement, the company will be providing Thailand's state-owned energy business PTT with one million tons of LNG yearly starting in 2026 for a period of 20 years. According to the release, "Cheniere Energy, Inc. announced today that its subsidiary Corpus Christi Liquefaction has entered into a long-term LNG sale and purchase agreement with PTT Global LNG Company...

An outbreak of monkeypox in more than a dozen nations has been deemed an international public health emergency by the director general of the WHO. Over 16,000 cases of the illness have been reported, according to the group. The disease may pose significant risks in Europe. Tedros Adhanom Ghebreyesus, Director General of the World Health Organization (WHO), has deemed the spread of the monkeypox...

China has issued more severe warnings to the Joe Biden government in the United States regarding Speaker of the House Nancy Pelosi's impending trip to Taiwan, the FT reports citing sources. China has openly warned of "dramatic measures" if Pelosi makes her scheduled travel to China in August. A source claimed that China is showing "stronger resistance" to the US than before. Other sources...

According to a statement from the presidential office, the national parliament in Italy was dissolved on Thursday. The head of state had already received Mario Draghi, the country's outgoing prime minister, and the speakers of both houses of parliament, in accordance with the country's constitution. According to the report, "Sergio Mattarella, President of the Republic, signed a decree to...

In an effort to negotiate a deal on grain exports from Ukraine and Russia as well as fertilizer imports from Russia, UN Secretary-General António Guterres will visit Istanbul, according to UN Deputy Spokesman General Farhan Haq. The U.N. secretary general will visit Istanbul as part of initiatives to ensure international access to Russian and Ukrainian goods and fertilizers, according to Haq....

According to Spain's Deputy Prime Minister and Minister of Environmental Transition Teresa Ribera, Spain opposes the European Commission's proposal that EU nations reduce gas demand by 15%. The European Commission put up a new guideline regarding concerted efforts to lower gas usage. All EU member states would be required to reduce their gas use by 15% between August 1, 2022, and March 31, 2023,...

JPMorgan, HSBC, Citigroup, and Credit Agricole have all been ordered by Ukraine to cut any relationships with businesses that deal in Russian oil. Kiev swore not to let the banks finance the nation's restoration, and threatened them with prosecution by the International Criminal Court. Ukraine has charged many significant US and European banks with backing Russia and demanded that they cut links...