Transatlantic Council plans coercive economic measures against China, following successful coordination of the Western sanctions against Russia. EU prepares Economic Security Strategy. Experts are promoting the creation of a “geo-economic NATO”.
Economics
Heiner Flassbeck: Germany is in recession – and that is extremely dangerous!
In the past, there were already recessions in the economy. These were phases of shrinking gross domestic product (GDP) that lasted two, three quarters or a whole year. Rising unemployment and shrinking incomes were practically […]
Economics
South China Morning Post: China’s property crisis: who and what will save the indebted developers in the world’s largest real-estate market?
Sunac, which forked out 43.8 billion yuan in 2017 to help Wanda, defaulted on a US dollar bond last week, and had its rating cut twice by Fitch, deep into junk status R&F, which bought […]
Climate Crisis
Bloomberg: UK lowest car sales in this century
The policies that European governments are not adopting to reduce car emissions are now being accomplished by the market. The question is if the same governments are going to continue subsidising the zombie car industry. […]
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