The government spent heavily on infrastructure, state-owned banks financed a boom in factory construction and consumers spent more, but the housing sector stumbled.
Category: International Trade and World Market
-
How Nepal’s Deal With China for an Airport Became an Albatross
China called the project a “signature” of its cooperation with Nepal. Insiders and documents reveal the pitfalls of China’s infrastructure-at-any-cost model.
-
How a Fertilizer Shortage Is Spreading Desperate Hunger
Across Africa and in parts of Asia, disruption to the supply chain for fertilizer is raising food prices and increasing malnutrition.
-
China’s Economic Stake in the Middle East: Its Thirst for Oil
China is the largest oil importer by far from Saudi Arabia and from Iran, highlighting the risk it faces if the war in Israel and Gaza were to broaden.
-
Natural Gas Prices Rise on Israel Concerns and Finland Pipeline Leak
Europe has largely disconnected from Russian gas supplies but remains heavily dependent on imported fuel, exposing it to unexpected disruptions.
-
Exxon Acquires Pioneer Natural Resources for $60 Billion
The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.
-
U.S. Scales Back Hopes for Ambitious Climate Trade Deal With Europe
A negotiating deadline is quickly approaching, and the United States has lowered its expectations for a groundbreaking trade deal.
-
Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”