International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the Global Policy Agenda at IMF headquarters during the IMF/World Bank Spring Meetings in Washington, DC on April 18, 2024. Mandel Ngan | Afp | Getty Images Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of … Read more
Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China. Vcg | Visual China Group | Getty Images The European Union will need to levy higher-than-expected tariffs of up to 55% on Chinese electric vehicles to curb their imports into the bloc, according to a new analysis by … Read more
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images The International Monetary Fund raised its Asia growth forecast for 2024 on Tuesday, as it remained optimistic about India’s growth and focused on the need for more stimulus from China. The IMF now … Read more
Aerial top view container ship full speed with beautiful wave pattern for logistics, import export, shipping or transportation. Suriyapong Thongsawang | Moment | Getty Images A cargo tanker off the coast of Norway completed a 13-hour journey last year — but it wasn’t a regular ship. The voyage was a test of an autonomous ship … Read more
Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces a decade of low growth if the right economic measures are not applied. Speaking Sunday at WEF’s “Special Meeting on Global Collaboration, Growth and Energy for Development” in Saudi Arabia, he warned that global debt … Read more
Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF Edge” this week. He singles out China, the world’s second-largest economy behind the U.S., as a key driver in the expansion. “China which has been … Read more
A view of the street after heavy rainfall as adverse weather conditions affect daily life in Dubai. Anadolu | Anadolu | Getty Images The National Center of Meteorology (NCM), a government taskforce responsible for cloud seeding missions in the United Arab Emirates, denied reports that it carried out the weather modification technique in the runup … Read more
Storms and heavy rain have caused flooding in some Gulf states, leading to the Tuesday closure of Dubai’s airport — one of the busiest in the world. The United Arab Emirates, usually known for its hot and sunny weather, reportedly saw over 100 mm of rain in a 24-hour period, marking a 75-year record since … Read more
People wade through submerged street after heavy rain in United Arab Emirates on April 16, 2024. Anadolu | Anadolu | Getty Images One of the world’s busiest airports temporarily halted operations as the United Arab Emirates experienced its heaviest rainfall on record. The downpour prompted flight cancellations and delays at Dubai’s international airport, with travelers … Read more
Janet Yellen, US treasury secretary, during a news conference at the Treasury Department in Washington, DC, US, on Tuesday, April 16, 2024. Tierney L. Cross | Bloomberg | Getty Images Treasury Secretary Janet Yellen said Tuesday that the U.S. is preparing new sanctions on Iran after the country launched hundreds of drones and missiles at … Read more
