Putin will run on presidential election in March
Russian President Vladimir Putin is set to run in the March presidential election, keeping him in power until 2030. This comes after Wagner’s armed rebellion and increased defense, armaments, and budget spending in regions. Putin’s advisers are preparing for his presence, and a coordinated hint is expected in a few weeks. Despite expectations from diplomats…
China depend on government bonds to stimulate economy
China’s new finance minister, Lan Foan, has announced plans to issue and use government bonds faster, focusing on improving efficiency and leveraging special bonds to boost the economy. The ministry will also release early 2024 local government debt quotas to meet local financial needs. The appointment comes as the central government relies on debt and…
South Korea ban short-selling shares
South Korea will ban short-selling shares from Monday until June to ensure a level playing field for consumers and institutional investors. The move is aimed at easing the “tilted playing field” between institutional and retail investors. The Financial Supervisory Service (FSC) will assess market activity in June to determine if there is enough improvement to…
China’s will need more time to recovery from deflation
China’s economic recovery is fragile in 2023, with expecting consumer prices to fall into deflation in October. Weak consumer expenses have persisted this year, and a second decrease may contradict the People’s Bank of China’s August prediction. The GDP deflator, the nation’s broadest pricing metric, is expected to be negative in the final three months…
Japan will aid Palestinians with $65 million
Japan will provide Palestinians with $65 million in humanitarian aid due to the Gaza crisis, according to foreign minister Yoko Kamikawa. Kamikawa emphasized the need for peaceful coexistence between Israel and Palestine to prevent terrorism and supported a two-state solution. The visit comes as the Gaza crisis intensifies, with Israel resisting humanitarian pause calls.
The Royal has called for immediate ceasefire in Gaza
Jordan’s foreign ministry has announced that US Secretary of State Antony Blinken will hear calls for a quick Gaza truce during his meeting with Middle East foreign ministers. The ministers will emphasize the Arab stance calling for an immediate ceasefire, humanitarian aid, and ways to end the dangerous deterioration that threatens the security of the…
Erdogan submitted Sweden’s NATO membership application
Turkish President Erdogan has pledged to assist Sweden’s parliament in ratifying NATO membership, despite concerns over the country’s handling of Kurdish insurgents. Erdogan submitted a measure approving Sweden’s NATO membership application to parliament, which NATO and Stockholm praised. He also stated that legislative talks on Turkey’s 2024 state budget would take precedence, suggesting Sweden’s NATO…
10,000 job has been cut on shipping company due to high expenses
Shipping company A.P. Moller-Maersk reported a significant drop in Q3 profit and sales, with at least 10,000 job cuts due to overcapacity, higher expenses, and weaker prices. The company, which transports goods for Walmart and Nike, controls one-sixth of global container traffic. Maersk’s demand decline was deeper than expected, with soft volume demands, prices back…