Category: World

Canadian oil producers are finding new ways to access the growing Asian oil market. Looming supply from Venezuela has led to China approaching Canada to feed their demand. Significantly, Canadian oil is over 60 per cent cheaper than U.S. benchmark West Texas Intermediate and global marker Brent. Oil reserves in Canada at the…

Amid heightened international criticism, Chinese authorities have legitimised the use of internment camps where up to a million Uyghur Muslims are being held. Beijing has detained close to a million Uighurs, an ethnic Muslim population of China’s Western Xinjiang Province. The Uighurs are predominantly…

A Turkish court on Friday convicted but released American pastor Andrew Brunson, ending his 24-month detention and allowing him to fly home, signalling a truce of sorts in a heated diplomatic dispute between Turkey and the United States. Turkey, in turn, has accused Fethullah Gulen living in exile in the US for the 2016 failed…

US stock markets are beginning to sense tremors originating in the technology sector. The US tech index had its worst sell-off since 2011, plunging 4.4%. Global stocks continued to tumble on Thursday as the FTSE 100 closed almost 2 per cent down while on Wall Street the S&P 500 entered its sixth consecutive day…

The World Bank Group unveiled a new system to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare. The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Countries…

US Sanctions on Iran will keep oil prices from falling below US $65 and it may hit $100 according to traders. Trump denounced the Joint Comprehensive Plan of Action (or the Iran deal) which was signed by Obama and five permanent members of the United Nations Security Council during..

South Africa’s finance minister Nhlanhla Nene has quit after admitting to meeting members of the Gupta family, who have been accused of corruption. On August 2017, Jacob Zuma, the South African President, survived a vote of no confidence in the Parliament through a relatively narrow margin. It was…

China’s central bank will cut the reserve requirement ratio by 1% to inject $109 bn (750bn yuan) against the negative impacts of the trade war with the US. China’s central bank said on Monday that it lent 265 billion yuan ($38.58 billion) to financial institutions via its one-year medium-term lending…

The new government of Pakistan gives the go-ahead to approach the International Monetary Fund to seek a bailout again to overcome the financial crisis the country is facing. The economy of Pakistan is the 25th largest in the world benchmarked to global purchasing power parity and 42nd..

President Donald Trump’s trade war with China and Europe is forecasted to hit global growth this year and reverberate through 2019, the International Monetary Fund has warned in its latest health check on the global economy. The protectionist trade policies by the US president …