After about a year of uncertainty in 2022, global economy is in a steep slowdown, according to the latest report by World Bank. Education losses, global inflation, disruptions in supply chains, and other global challenges remind us that the effects of the COVID-19...

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China kept its benchmark lending rates unchanged for the fourth consecutive month on Tuesday, matching expectations, but markets increasingly see further monetary easing to prop up a slowing economy. The one-year loan prime rate (LPR) was kept at 3.65%, while the...

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Germany took a huge step toward weaning itself off Russian natural gas on the weekend, with the opening of a floating facility that ensures it can import the fossil fuel by sea, from anywhere in the world. The liquefied natural gas, or LNG, terminal at the port of...

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This year with Russia’s war in Ukraine demonstrated that the cargo flows, mot believably, will not return to the previous volumes in the near future, said Riga Freeport administrator Ansis Zeltins in an interview with LETA. He said that 2022 was stable because,...

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Mediterranean Shipping Co. (MSC), the world’s largest ocean carrier, is facing ongoing fallout from multiple drug smuggling cases that occurred over three years ago. Bloomberg Businessweek published an in-depth investigative report Friday that said the U.S. government...

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