OPEC+ decision to cut production sends shockwaves
OPEC+ dropped a bombshell over the weekend.
Global economy
Taiwan’s exports fall sightly, but beat expectations of a slump
China is Taiwan's biggest trade partner – China and Hong Kong buy about 40% of Taiwan's total exports.
The US isn’t trying to “divorce” China, says trade chief
The US and China have had relationship issues for quite some time. After a two-year trade war where it was tariff after tariff, the two superpowers agreed to a phase one trade deal where they’d try and cooperate. On Tuesday, US Trade Chief Katherine Tai was asked whether the
What’s a digital service tax and why are countries divided over it?
European Organization for Economic Cooperation and Development (OECD) countries like the United Kingdom, Austria, France, Hungary, Italy and Spain have put their own DSTs in place. Outside of Europe, countries like Canada have proposed a DST.
What’s a digital service tax?
* Just for some context: According to the World
How governments around the world are scrambling to lower oil prices
President Joe Biden is trying pretty hard to get those prices down. One of the ways he’s doing this is by tapping into the Strategic Petroleum Reserve (SPR) and releasing 50 million barrels of crude oil into the market.
What’s OPEC?
* Before we start, just because this is
With India and China adding around 750 million people between them to the middle class by 2030, how does this affect the global economy?
According to a study by the World Data Lab, the middle class between India and China alone is expected to grow by around 750 million by 2030.
What’s going on with Asia’s middle class?
* Cutting straight to the point, it’s just getting a whole lot bigger.
* According
The semiconductor shortage has created a major global economic problem
The semiconductor shortage has drawn increasing concern in the tech industry. The shortage has begun to affect the production of various products, including cars, grabbing the attention of US President Joe Biden, among others.
Semiconductor chips are electric circuits with a wide variety of components that consist of wiring and