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The rise in subsidies and state interventions, sustained by global supply chain issues and geopolitical instability, is putting pressure on the principles of complimentary trade.Over the previous decade, these protective steps have actually increased by 150%, reaching over 50,000 worldwide.Governments often prefer regional financial investments and production to preserve supply
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Read more: Trade wars reloaded: state interventions placing pressure on open market
Write comment (92 Comments)In a substantial relocation towards resource self-reliance and diversified supply chains, Japanese Prime Minister Fumio Kishida and Saudi Arabian Crown Prince Mohammad bin Salman are going into a strategic partnership.This partnership intends to establish rare-earth resources essential in different sectors, including technology and renewable energy, especially
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Read more: Breaking free from China's grip: Japan and Saudi Arabia create a tactical partnership
Write comment (90 Comments)The government of Macau will introduce a four-year Portuguese language training program next year aimed at students interested in continuing their studies in Portugal.
The scheme, announced by the Secretary for Social Affairs and Culture, Elsie Ao Ieong, will initially focus on non-higher education levels, with a diversified and ongoing approach.
Thi
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Read more: New Portuguese language program to be launched in Macau next year
Write comment (97 Comments)Gemcorp Holdings Limited (GHL) anticipates the first phase of the Cabinda refinery to begin operations in the latter half of 2024, as all essential resources have actually been secured.Significant development has been made in the building and construction, consisting of the conclusion of infrastructure and assembly of vital equipment, making it possible for the production of various
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Read more: Gemcorp plans to launch Angola's Cabinda refinery in 2024
Write comment (90 Comments)Mozambique's Minister of Economy and Finance, Max Tonela, has actually suggested the conversion of foreign financial obligation into health sector investments during an investor conference in Maputo.This proposal forms a part of prospective methods to amass the required US$ 900 million (EUR802 million) for building hospitals nationwide.Other options include robust
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The National Bank of Angola (BNA) has decided to keep its basic interest rate unchanged at 17%, while increasing the liquidity facility rate from 17% to 17.5%, marking an elevation of 0.5 percentage points.
The permanent liquidity absorption rate will stay at 13.5.
This announcement was made during a press conference in the nation's capital, Luanda,
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