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Boom in Egypt innovation ecosystem (Business Africa)

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​africa news​​​ By the end of May 2022, total funds raised by African start-ups amounted to $2.7 billion. From January to May, funds raised by Egyptian start-ups increased by 212% compared to the →

As Black Swans soar, will Japan’s bonds defy gravity?

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asia times by William Pesek Bank of Japan Governor Haruhiko Kuroda isn’t known for his juggling or acrobatic skills. Yet keeping Asia’s No. 2 economy aloft is requiring Cirque du Soleil-caliber →

China to complete world’s first railway loop around a desert in Xinjiang

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​global times​​​ By Chu Daye China will complete the world's first railway loop around a desert, at 2,712 kilometers and around the vast Taklimakan Desert, when a new 825-kilometer section opens on →

Australia’s National Electricity Market suspended

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asia times by Joel Gilmore and Tim Nelson The Australian Energy Market Operator has just suspended the National Electricity Market. That means instead of the price for wholesale electricity being set →

Imploding yen piles pressure on yuan

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asia times by William Pesek As the Japanese yen dives toward 150 to the dollar, investors are concerned less about events in Tokyo than in Beijing. Since 2016, Chinese President Xi Jinping has →

Biden asks seven oil companies for 'any concrete ideas' to turn around the $1.70 rise in gas prices

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​daily mail​​​ Joe Biden is calling on seven of the top oil companies to do something to help quell surging gas prices after accusing them of intentionally exacerbating the strain on Americans' →

SPIEF-2022 will become a platform for discussing new economic vectors

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The significance of the St. Petersburg Economic Forum, which will be held in Russia on June 15-18, cannot be underestimated. Unlike previous years, SPIEF 2022 will be a little different, mainly →

Is $6 a Gallon Gas Heading to a Station Near You?

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​national interest​​​ by Ethen Kim Lieser This past weekend, for the first time ever, a gallon of regular gas eclipsed $5 on average nationwide, according to AAA data. Now, for many →

Perfect economic storm buffeting Biden

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asia times Rarely in political events does punishment follow crime so quickly. Washington’s foreign and domestic policy blunders combined to produce the worst drop in real paychecks on record as well →

Global Recession? World Bank Warns of 1970s-Style Stagflation

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​national interest​​​ by Ethen Kim Lieser A period of global stagflation similar to that of the 1970s is a possible scenario in the months ahead, according to a World Bank global economic forecast →

No End in Sight: Average U.S. Gas Price Surpasses $5 a Gallon

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​national interest​​​ by Ethen Kim Lieser The national average gas price eclipsed the important $5 per gallon mark for the first time ever on Thursday, according to fuel data platform GasBuddy. This →

Russian supermarket chain opens first store in Belgium

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​the brussels times​​​ The first of ten stores of the Russian supermarket chain ‘Mere’ opened doors in Belgium, in Opwijk in the province of Flemish Brabant, on Wednesday – nine months later than →

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