OPEC+ is likely to agree, when it meets on August 2, to a further increase in its oil production targets starting in September, three sources said, even though the US war with Iran is once again preventing some members of the group from increasing their output. Sources indicated that it is likely that seven key …
China’s public spending plummets to lowest level since October
Charlie
China’s public spending plunged in June to its lowest level since October, suggesting the government further tightened fiscal policy despite growing calls for more support as economic growth slows. According to calculations of Bloomberg based on data from Ministry of Financepublic spending fell 11.9% in June compared to the same month of the previous year. …
China risks reaching 20% youth unemployment if the labor crisis extends
Charlie
Youth unemployment in China could reach levels not seen for more than three years, as record numbers of graduates prepare to enter the job market at a time when artificial intelligence threatens to displace more entry-level jobs. According to data published this week by the National Statistics Officethe rate of unemployment in urban areas for …
Washington condemns Ortega’s decision to eliminate elections in Nicaragua
The president of Nicaragua, Daniel Ortegareceived harsh criticism from Washington after stating that the country will stop holding elections, consolidating the family dictatorship it has built for decades. “The declaration …
Attacks by the United States and Iran leave two soldiers dead in attacks
The United States and Iran engaged in an accelerating series of attacks on each other, causing fresh chaos in the Middle East over the weekend after attacks by the Islamic …
Wind generation in Mexico has increased 87% since 2018 from 5,356 gigawatts
El Economista – Mexico City In Mexico, wind generation faces a crucial moment of potential expansion, both because of the prospects for its growth in the coming years, and because …
