The Biden administration is facing heightened scrutiny for supplying tank shells to Israel without obtaining congressional approval.
Regions
Shipping Giants Maersk and Hapag-Lloyd Suspend Red Sea Travel After Houthi Rebel Attacks
Shipping giants Maersk and Hapag-Lloyd have temporarily suspended their container ship travel through the Red Sea and the Bab el-Mandeb Strait in the Middle East, citing security risks.
China's Mixed Economic Data: Industrial Expansion at Fastest Pace Since 2022; Retail Sales Growth Misses Expectations
China has reportedly recorded its fastest industrial expansion since February 2022 in November. China has reportedly recorded its fastest industrial expansion since February 2022 in November, which signals a complex recovery in the world's second-largest economy.
JPMorgan Chase Reportedly Plans to Outsource $500 Billion Custody Business in Hong Kong, Taiwan
JPMorgan Chase is reportedly planning to outsource its local custody business operations in Hong Kong and Taiwan.
Argentina Devalues Its Currency by 50% as Part of Shock Economic Measures
Argentina has announced a sharp devaluation of its currency, the Argentine peso, which will be devalued by 50%.
Latest News
Russian President Vladimir Putin has asserted that the economic isolation Russia faces due to international sanctions is even helping the country to transform into a "growth center" in a "new global economy."
Italy has officially informed China that it is withdrawing from the Belt and Road Initiative (BRI), marking a significant shift in its international economic alliances.
The European Commission has proposed a three-year delay in implementing tariffs on electric vehicles (EVs) traded between the United Kingdom (UK) and the European Union (EU).
Authorities in Israel are currently investigating unusual trading activities that occurred just days before the October 7 Hamas attack.
The United States (US) has issued long-awaited guidance that will limit China's role in electric vehicles (EVs).
Denmark is poised to withdraw its largest denomination, the 1,000 crown banknote, from circulation. Denmark, a nation where cash transactions have become increasingly rare, is poised to withdraw its largest denomination, the 1,000 crown banknote, from circulation by May 2025.
Germany is reportedly grappling with an economic slowdown that is now impacting its labor market. Germany, Europe's largest economy, is reportedly grappling with an economic slowdown that is now impacting its labor market.
Military spending within the European Union (EU) reached a historic high of €240 billion ($261.8 billion) in 2022, marking a 6% increase from the previous year.
Amid signs of an economic slowdown, ING Economics predicts that the US Federal Reserve will cut interest rates six times in 2024.
