economy - Page 9

A Chinese company recently secured a contract with a Zimbabwean lithium mine to export the metal, which is vital to the manufacture of batteries used in electric vehicles (EVs), to China starting in 2023, Deutsche Welle (DW) reported Monday.

China’s state-run Global Times published an editorial piece on Monday in which it attempted to deflect Beijing’s share of responsibility for Sri Lanka’s current economic crisis, caused in part by Colombo’s recent decision to default on its massive foreign debt, including a large amount owed to China.

State Sen. Zach Nunn (R-IA) said  Iowans’ top concerns are parents’ rights with respect to education, inflation and the economy, and crime.

President Joe Biden looked around late Sunday night and saw a troubled land. Soaring gas prices, record-high inflation, border crises, rising crime, crumbling supply chains, and a looming recession, all problems he quickly blamed on one cause alone: the Republican Party.

France’s government announced plans on Wednesday to nationalize Electricite de France S.A. (EDF), a French state-owned multinational electric utility company, to help EDF better manage a worsening energy crisis currently plaguing both France and greater Europe, Bloomberg reported.

The government of Macau, which is the globe’s top gambling hub, locked down one of the city’s best-known hotels, the Grand Lisboa, on Tuesday after health officials detected over a dozen new Chinese coronavirus cases there, Reuters reported on Wednesday.

According to Shanghai-based financial services company Wind Information, the Chinese economy is about to post its lowest quarterly growth rate in over two years, featuring an anemic growth rate of about 1.4 percent due largely to coronavirus lockdowns.

Copper prices recently fell to a 16-month-low indicating to some financial analysts that a recession may be on the horizon, as the metal’s use across diverse industries means its price reliably gauges world economic health.

A 53-year-old man died in Sri Lanka’s western town of Aluthgama on Tuesday while waiting in line for gasoline, which has been strictly rationed in the country since March because of a dire financial crisis, Sri Lanka’s News First website reported Wednesday.

Federal Reserve Chairman Jerome Powell said that the U.S. economy is “in pretty strong shape” as Americans face record inflation.

Iran and Argentina recently submitted applications to join an association of emerging economies known as BRICS, which is headed by China and Russia, Reuters reported on Tuesday.

A plurality say they are “worse off” financially than they were one year ago in President Biden’s America, a YouGov/The Economist survey released this week found.

Workers for CODELCO, Chile’s state-run mining company and the largest copper producer in the world, launched a nationwide strike on Wednesday to protest plans to shut down a foundry employing 350 people.

Argentine truck drivers’ unions called for a nationwide strike on Wednesday, causing miles-long road closures and other transportation disruptions that threatened to jeopardize the country’s food supply during its peak harvest season, Reuters reported.

The number of South Korean families that moved from “urban areas to farming villages” reached an “all-time high” last year, Yonhap News Agency reported Thursday, noting that the phenomenon came in response to prolonged pandemic restrictions and surging home prices nationwide.

Independent grocery shop owners in Quito told Ecuador’s El Comercio newspaper on Wednesday that they have struggled with intense food shortages in recent days caused by distributors’ fears of violence by leftist rioters.

Japan’s government said this week it spotted three Chinese warships “sailing an unusual route around the archipelago,” the South China Morning Post (SCMP) reported on Wednesday, noting that the sighting comes amid heightened tensions between Tokyo and Beijing over maritime territorial disputes.

Al Jazeera reported on Tuesday that 14 of Nigeria’s 18 Supreme Court judges recently signed a formal complaint sent to the nation’s chief justice in which they allege to have suffered from a lack of employee welfare traditionally provided by Nigeria’s federal government, such as housing accommodations, motor vehicles, and electricity.

Jack Posobiec, senior editor at Human Events, told Breitbart News on Tuesday that entertainment companies like Disney are willing to lose money on projects like Lightyear in order to advance leftist politics in American culture and beyond.

Russian companies have increasingly turned to China and India to sell products originally intended for U.S.-allied markets in recent months due to Western sanctions against Moscow, China’s state-run Global Times reported on Tuesday, noting that these alternative transactions are often settled in local currencies.

Get Families Back to Work, a 501(c)(4) social welfare nonprofit organization linked to the Republican Governors Association, has reportedly launched a television and radio ad campaign pounding Nevada’s Democrat Gov. Steve Sisolak for economic issues like “job-killing taxes.”

The government of Macau, a Chinese special administrative region and gambling hub, began shutting down most businesses and public spaces in the region on Sunday to contain a fresh outbreak of the Chinese coronavirus, Xinhua News Agency reported.

Sri Lanka Education Minister Susil Premajayantha on Sunday encouraged public schools nationwide to switch to online learning due to worsening fuel shortages that have left many Sri Lankans unable to transport their children to schools, Sri Lanka’s Ada Derana news website reported.

President Biden is underwater on almost every key issue as the midterm elections approach, a Redfield & Wilton Strategies survey released this week found.

Nearly 630,000 abortions cost the U.S. roughly $6.9 trillion in 2019 alone, according to a report released this week by JEC Republicans.

Australia’s left-wing federal government on Thursday blamed recent power shortages across the country’s eastern states on “underinvestment in renewable energy” by Australia’s previous right-wing federal government, the public broadcaster SBS News reported.

Two men died in Sri Lanka this week while waiting in hours-long lines for fuel amid the country’s ongoing financial crisis, the Press Trust of India (PTI) reported Thursday.

The administration of U.S. President Joe Biden announced on Tuesday plans to provide $14 million annually over the next decade to the Mozambique province of Cabo Delgado in an effort to rebuild the region after it was overrun by Islamic terrorists in recent months, the state-run Mozambique News Agency (AIM) reported Thursday.

Inflation has emerged as a top concern among Americans heading into the midterm elections, a Rasmussen Reports survey released Thursday found.

Nearly all of eastern Australia suffered localized blackouts on Tuesday evening, with some of the power outages expected to extend into at least Wednesday, the Australian Broadcasting Corporation reported.

The president delivered a fiery speech at an AFL-CIO union conference in Philadelphia about the state of the economy.

During Sunday’s broadcast of CNN’s “State of the Union,” former Treasury Secretary Lawrence Summers said that “banana Republicans” and the events of January 6, 2021 had contributed to the inflation underway in the U.S. economy.

Taking care of man’s best friend under the Biden administration is yet another task made more complicated by inflation.

Putin ate all our hamburger meat, apparently.

Thailand’s federal government legalized the medicinal use of marijuana on Thursday, becoming the first country in Asia to do so, the news website Coconuts Bangkok reported.

Indonesia’s government recently announced plans to develop a new “digital nomad” visa program that would allow remote workers to live and work in Indonesia tax-free for up to five years, Fortune reported on Tuesday.