Economics

Global natural gas markets are set to remain tight next year, with lower gas flow from Russia to Europe, high gas prices, lower demand and the impact of energy saving measures, according to the International Energy Agency’s Gas Market Report Q4 2022 published Monday. As Russia’s curtailment of …

More and more Germans are seeking help from food banks and charities due to record-high inflation and soaring energy bills. According to the federal food bank umbrella organization Tafel Deutschland, demand has increased compared to the previous year, with more than 2 million people now relying on food …

Russia’s national interests have been harmed by the West’s efforts to obstruct Eurasia’s integration and provoke conflict. Support from the United States and the European Union for Ukraine’s anti-constitutional coup d’état sparked a societal upheaval and a bloody conflict. Right-wing nationalist ideology is getting more and more popular, …

Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its citizens in the process such as more secure and affordable energy supplies, according to a new IEA report released today. But key policy reforms and international support will …

Wajaht Sultan Democracy operated on twin principles of Truth and Trust. From 10,000 years ago to the 21st Century human societies evolved from particularized and selected trust circles to generalized and universalistic trust spheres which are the backbone of democracy. From authoritarianism to democracy human beings expanded their …

Desmond Lachman If the Fed does not raise interest rates aggressively, it risks both allowing inflation to become entrenched and adding further froth to already bubbly asset price markets. Yesterday, in reviewing his administration’s economic challenges, President Joe Biden did Americans a great service by finally recognizing that …

While G7 shares their wisdom, some 100 additional national leaders are also desperately trying to get their economics in order. Visible damages are the lack of productivity, performances and profitability across the national SME sectors, reducing exports, growth and job creation sharply. With little or no specific economic solutions …

Devansh Kawshik The outbreak of the Russo-Ukraine war in 2022 saw the imposition of one of the most comprehensive international economic sanctions on any country in history. These sanctions were expressly aimed to damage the Russian economy, pressure its population and force its leaders to cease hostilities against …

Wei Hongxu Just recently, China’s Central Commission for Comprehensively Deepening Reform reviewed various plans for data system, including a guideline on building the basic systems for data and making better use of data resources. The central government’s layout from the construction of the basic system of data is …