Oil tariffs may soon be coming from the Trump administration. On Saturday, US President Donald Trump said tariffs are one of the options he is considering to rescue the American oil industry that has seen its revenues free-fall. “I am...
Never in peacetime has the global economy experienced what it is going through at the moment. Almost 3 billion people are currently under a lockdown as factories are forced to halt production, travel banned, services discontinued and international trade facing...
China’s extensive Belt and Road Initiative (BRI) has led to greater Chinese outbound investment in Asia, including Sri Lanka. A recently published analysis by the London-based independent policy institute Chatham House provides a closer look at Chinese investment and the...
March 11, 2020 marked the official end of the longest bull market in history. The Dow Jones went down 20.3% from the record high of 29,568 points it had reached exactly a month ago. Panic and uncertainty engulfed the markets...
US President Donald Trump is eager to put an end to the Russia–Saudi Arabia oil price war that has helped decimate global crude prices. In a tweet Thursday, he said he is trying to broker a deal between the competing...
Year on year growth in demand for liquid natural gas (LNG) has mostly come from developing countries. Are the increasing imports of LNG a positive outcome or a road to increasing dependency on external sources? Trends in LNG Exports Two...
Economic forecasters have predicted that US unemployment rates in the months to come will exceed those of the Great Depression in the 1930s. Forecasting the second quarter of the year, the Federal Reserve Bank of St Louis President James Bullard...
The Covid-19 virus has already sent shockwaves through economies in nearly every nation, but in Germany it appears to have been too much to handle for one state minister. Thomas Schäfer, finance minister of the German state of Hesse, was...
As the Covid-19 pandemic continues to spread rapidly across the world, Sub-Sahara Africa is still recording a relatively low number of coronavirus cases. However, the situation in the coming days remained uncertain and many countries in the region are considering...
China, the centre of the Covid-19 outbreak, could find a silver lining from the crisis. Over the past few years, Beijing has made inroads to developing nations in Africa, Latin America, and even the Middle East. Beijing engendered good will...