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Category: Economy

Home Economy
China’s Global Debt: $385 Billion Includes ‘Hidden Loans’ to Developing Nations
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China’s Global Debt: $385 Billion Includes ‘Hidden Loans’ to Developing Nations

Report Reveals Extensive Undisclosed Lending Through the Belt and Road Initiative A report by AidData has uncovered at least $385 billion in loans owed to China by 165 countries under the Belt and Road Initiative (BRI), with many debts significantly underreported to global financial bodies like the World Bank. The study, conducted over four years,...

Record-High Gas Prices Spark Fears of Winter Energy Crisis in the UK
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Record-High Gas Prices Spark Fears of Winter Energy Crisis in the UK

Rising Costs Threaten Suppliers, Factories, and Consumer Bills Amid Global Shortages The UK faces mounting concerns over a winter energy crisis as wholesale gas prices hit record highs, driven by global supply shortages and dwindling reserves. Prices for winter gas surged over 20% to 218.4p per therm, with European markets experiencing a 10% rise. Analysts...