Economy

In Greece's largest port of Piraeus, China is the boss – DW – 10/30/2022

In Greece’s largest port of Piraeus, China is the boss – DW – 10/30/2022

In Germany, a heated debate has been raging about the Chinese state shipping company Cosco buying a minority stake in a container terminal at the port of Hamburg. Greece, however, seems to have no such concerns. Since 2011, under pressure from both the debt crisis and the Troika (the European Commission, the European Central Bank …

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Diesel market in perfect storm as prices surge and supplies dwindle

Diesel market in perfect storm as prices surge and supplies dwindle

An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States on May 11, 2022. Anadolu Agency | Anadolu Agency | Getty Images A perfect storm is taking place in the diesel market, with dwindling diesel reserves, a drought on the Mississippi River pushing more product to rail and truck, …

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Germany rejects push for fresh EU borrowing to battle energy crisis

Germany rejects push for fresh EU borrowing to battle energy crisis

Germany’s finance minister has rejected common borrowing by the EU as a way to address the bloc’s energy crisis, saying it was cheaper for individual states to raise debt by themselves given the higher interest rates faced by the European Commission. “The financial advantage the commission, and many member states once hoped for from common …

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Seriously low diesel supply threatens to worsen inflation

Seriously low diesel supply threatens to worsen inflation

A seriously low US and global diesel supply is likely to drive up fuel costs and worsen inflation, raising concerns as the cold weather months approach. “The national numbers for distillates are pretty tight,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “It’s uncomfortable. That doesn’t mean that you’re going to see widespread …

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The number of millionaires will spike by 40% globally in the next 5 years — but most won't come from the US.  Here is the country to watch (and how to invest in it)

The number of millionaires will spike by 40% globally in the next 5 years — but most won’t come from the US. Here is the country to watch (and how to invest in it)

The number of millionaires will spike by 40% globally in the next 5 years — but most won’t come from the US. Here is the country to watch (and how to invest in it) The number of millionaires is on the rise with 40% more expected to be made worldwide in the next five years, …

The number of millionaires will spike by 40% globally in the next 5 years — but most won’t come from the US. Here is the country to watch (and how to invest in it) Read More »

Iran May Hope To Replicate Turkey's Success Exporting Drones.  Here's Why It Can't.

Iran May Hope To Replicate Turkey’s Success Exporting Drones. Here’s Why It Can’t.

Recent comments from top Iranian officials strongly suggest that Tehran perceives itself as a rapidly ascending arms exporter, especially of drones. In reality, Iran, at least under the incumbent regime in Tehran, will not likely prove capable of replicating Turkey’s impressive success in exporting its well-known homegrown Bayraktar TB2 drone to numerous countries worldwide in …

Iran May Hope To Replicate Turkey’s Success Exporting Drones. Here’s Why It Can’t. Read More »