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A core element of the protectionist trade policies President Trumpannounced last week— an import tax blitz on long-standing global trade partners he referred to as "Liberation Day" — are so-called reciprocal tariffs.The additive tariffs were unveiled alongside an across-the-board levy of 10% o...
Travel 29 countries with Schengen Visa from now! By Anshul Singhal, Editor Updated May 10 2023 Highlights: Three new countries will be added to Schengen zone – 29 countries Croatia, Romania, and Bulgaria are ready to get into the Schengen zone Croatia to start using Euro currency from January...
Over the year, China has met challenges head-on and advanced its diplomatic agenda with greater resolve. Under the personal guidance of President Xi Jinping and the effective planning of the CPC Central Committee, China’s h...
Why Would a Country Want to Devalue Its Currency? There are a few reasons why a country may want to devalue its currency. Devaluing a currency is usually an economic policy, whereby devaluation makes a currency weaker compared with other currencies, which would boost exports, close the gap on...
The participants indicated their household’s yearly net income (in local currency), their political orientation on a spectrum from liberal to conservative (1 = strongly liberal, 5 = strongly conservative, 99 = I don’t know) and on a spectrum from left-leaning to right-leaning...
First of all, we need to think about what makes a country a country. Does it have to have a flag, a government, its own currency, a passport? It’s so difficult to decide. So let’s say this: an independent country is not only a self-governed nation with its own authorities. Furt...
The dollar's value has fluctuated significantly in recent years, with the currency currently standing at over 10 percent higher than its value at the start of the Ukraine conflict in February 2022, and a whopping 30 percent higher than a decade ago. ...
China has by far the largest foreign currency reserves, with over two and a half times more than the second-largest reserve holder, Japan. When China’s and Hong Kong’s reserves are considered together, the total is more than $4 trillion. Asian and Southeast Asian nations dominate foreign...
To achieve economies with net-zero carbon emissions, it is essential to develop a robust green financial intermediary channel. This study seeks empirical evidence on how domestic bank lending to sovereign and private sectors in Gulf Cooperation Council (