Economics

China strengthens its position in Papua New Guinea

China, whose economy is steadily growing year by year, has made great efforts over the past ten years to increase its presence in other countries. Resource-rich Papua New Guinea (PNG) is interested in additional investment from abroad that will boost the economic growth of the developing country with a population of 9 million. Today, Western […]

Russia’s parallel imports soar – customs data

RT | December 19, 2022 The volume of goods supplied to Russia via the parallel imports mechanism has exceeded $20 billion so far this year, according to the head of the Federal Customs Service, Vladimir Bulavin. Parallel imports, sometimes called ‘gray imports’, refer to the practice in which a non-counterfeit product is imported without the […]

Putin and Modi deepen “privileged strategic partnership” despite Western pressure

By Ahmed Adel | December 19, 2022 Russian President Vladimir Putin and Indian Prime Minister Narendra Modi recently discussed cooperation in investment, energy, agriculture, and transport and logistics. Yet, despite this positive step in relations building, the CIA is attempting to disrupt Russian-Indian relations by implanting fake news, something it has done for the entirety […]

Soaring energy prices cost EU $1 trillion – Bloomberg

RT | December 18, 2022 EU member states have spent roughly a trillion dollars (€940 billion) in the face of the bloc’s worst energy crisis in decades, Bloomberg is reporting on Sunday, citing calculations based on market data. Soaring energy prices have sent its economies plunging into recession as most member states opted to stop […]

US Fed Reserve: Q2 Job Growth Overestimated by a Million, Is ‘Essentially Flat’

Samizdat – 17.12.2022 The White House announced “blockbuster” jobs growth in the second quarter earlier this year, allegedly reaching the highest levels in the last 40 years with the US economy adding 390,000 jobs in May alone. However, new data suggests that the figures were a spoof as the job market really stagnated. The “record-high” […]

Germany’s Gas Reserves “Emptying At Record Speed” As Country Struggles To Keep Warm, Lights On

By P Gosselin | No Tricks Zone | December 16, 2022 Germany’s gas reserves are emptying at record speed: 1% per day as the current wind/solar energy lull means more gas gets burned for electricity, heating. Pleiteticker.de reports how Germany’s natural gas reserves “are emptying at record speed” because wind and solar power have been on the […]

End of second general strike by truck drivers in ROK

On December 9, South Korea’s Cargo Truckers Solidarity Union voted to end their 16-day strike. The decision brought to an end the second round of Yoon Suk-yeol’s stand-off with the left-leaning trade unions, which we have already discussed in previous articles. The strikers were demanding permanent status for the current temporary minimum wage scheme, plus […]