The internet business has all the trappings of false advertisement. Quick riches and easy bucks. But what is not clear is the hijacking of your intellectual property by refusal to…
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Russia economy meltdown as bonds crash and shopping centres face mass bankruptcy
The Union of Shopping Centres (STTs) estimates that half of the country’s shopping centres are facing high debt burdens. Many have taken out loans with floating rates, which creates a…
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AsiaBusinessEconomyEuropeFeaturedGlobal NewsGovernmentNational SecurityNews
Is China Using Hungary as Its Bridgehead in Europe?
by Kan Khineby Kan KhineThe primary purpose of Xi Jinping’s three-day visit to Hungary might be to ensure that Hungary can help China gain market share in the EU, as Beijing and Budapest prepare…
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AfricaBusinessEconomyFeaturedGlobal NewsLibyaNews
Oil Minister: Libya recovered $2.4 billion from state financial dues in oil sector
The Minister of Oil and Gas, Mohammed Oun, said that Libya recovered about $2.4 billion from state dues in the oil sector and royalties from foreign companies seized by the…
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AfricaBusinessEconomyGlobal NewsLibyaNews
Protesters shut down Libya’s Sharara oilfield over development demands
by Deepak Mirzaby Deepak MirzaLocal protests have forced a full shutdown of production at Libya’s Sharara oilfield, which can produce up to 300,000 barrels per day, two engineers told Reuters on Wednesday. A video…
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BusinessEconomyFeaturedGlobal NewsNews
Misplaced Enthusiasm About A BRICS Currency
by Prasad Bandaby Prasad BandaToronto, Atlanta (10/11 – 50) As recently as the early 1980s, central bankers around the world could be heard moaning and groaning about having to hold physical gold reserves to…
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AsiaBusinessCrimeDefenceEconomyFeaturedGlobal NewsGovernmentNational SecurityNewsPoliticsSri LankaWorld News
President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka
Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic crisis. The approval is expected to…
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AsiaBusinessCrimeDefenceEnvironmentGlobal NewsNational SecurityNewsPoliticsTajikistanWorld News
Tajikistan Journalist, Mamadshoeva Sentenced To 21 Years In Prison
Brussels (25/11 – 33.3) Tajikistan Supreme Court has sentenced a widely respected 65-year-old female journalist, Ulfathonim Mamadshoeva, to 21 years in prison on charges of incitement to overthrowing the government.…
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AsiaBusinessCrimeDefenceEconomyEnvironmentGlobal NewsNational SecurityNewsPoliticsSri LankaWorld News
Notorious Benjamin Wey Sues Sri Lanka For $250 Million
London (05/11 – 44.44) Benjamin Wey, a Chinese-American financier, founder of Fintech Holdings and a history of legal trouble, is suing Sri Lanka for $250 million. Wey claims that he was…
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AsiaBusinessChinaDefenceEconomyEnvironmentFeaturedGlobal NewsGovernmentNational SecurityNewsPoliticsSri LankaWorld News
Sri Lanka Reaches Agreement To Settle Chinese Debt
Paris (15/11 – 75) Sri Lanka has reached an agreement with the China Exim bank on the principles and terms of a $4.2 billion debt settlement, the country’s finance ministry…