American statesman John Adams said, “There are two ways to conquer and subjugate a country: one is by the sword; the other is in debt. China, choosing the second path, adopted neo-colonial era practices and quickly became the world’s largest official creditor. By granting huge loans with conditions attached to financially vulnerable states, it has …

Despite the impact of the COVID-19 pandemic, Latin American leaders, speaking on day three of the World Economic Forum’s Virtual Davos Agenda 2022, expressed optimism about the region’s economic prospects for the future. coming year. Latin America recorded a strong economic recovery in 2021 and will most likely show moderate growth in 2022, as many …

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Stocks were on track to end a volatile week lower as investors moved further away from growth and technology stocks that had outperformed at the start of the pandemic. The S&P 500, Dow and Nasdaq fell during intraday trading. A day earlier, the Nasdaq Composite fell more than 1%, adding to losses after sinking into …

After overcoming initial hurdles to get parties in a contested case divorced, such as sorting out the separation date, meeting legal waiting times, and getting the case to the point where a hearing officer can make decisions on the distribution of assets and debts, most cases are straightforward. Assets and debts are brought together and …

Ethiopia secured more than $1.89 billion in exports during the first half of the Ethiopian fiscal year which started on July 8, 2021. The amount increased by $322.5 million, or 20 .5%, compared to the same period last year. Denge Boru, minister of state for trade and regional integration, said officials were “satisfied” with the …

CHICAGO – United Airlines lost $646 million in the fourth quarter and said Wednesday that the current spike in COVID-19 cases will hurt its March quarter results. The airline said it expects first-quarter revenue to be down 20-25% from the same period in 2019. Non-fuel costs will increase by around 15% per seat . The …

Australian food and drink companies stand to benefit from the UK’s recent Free Trade Agreement (FTA). The deal will remove over 99% of customs duties on goods exported to the UK over the next 10 years. The FTA will cover approximately 75% of trade, providing preferential access to nearly 3 billion customers. Trade, Tourism and …

China’s digital yuan trials have captured $8.3 billion of the country’s payments market in the past six months and $13.68 billion in the past two years, just a fraction of the trillions of payments processed each year in the country, CNBC reported, citing data from the People’s Bank of China (PBOC) on Tuesday, January 18. …

Between the 16th and 18th centuries, a Spanish silver coin was a common currency for world trade. The English in the American colonies called it the “Spanish dollar” and later adopted it as their own. The Spanish dollar has done more than lead to the opening of new trade routes and security innovations. It facilitated …