China’s trade surplus at record as exports beat expectations

BEIJIING (BLOOMBERG) – China’s trade surplus rose to a record as exports grew faster than expected, easing some concerns over waning global demand and providing support for an economy battling sporadic Covid-19 outbreaks and property woes. The nation’s trade balance climbed to about US$101 billion (S$139.4 billion) in July, surpassing the previous record set in […]

2nd caravan of grain ships from Ukraine arrive in Istanbul

This handout picture taken and released by the Turkish Defence ministry press office on Aug 3, 2022, shows an inspection delegation member inspecting the Sierra Leone-flagged cargo ship Razoni carrying 26,000 tonnes of corn from Ukraine, off the coast of north-west Istanbul. (TURKISH DEFENSE MINISTRY / AFP) ISTANBUL – The second caravan of ships transporting […]

The crypto market crashed, but they are still buying Bitcoin

(NYTIMES) – Cory Klippsten started issuing warnings about the cryptocurrency market in March. The digital coin Luna, Mr Klippsten tweeted, was a scam, run by an entrepreneur with “major Elizabeth Holmes vibes”. The newfangled crypto bank Celsius Network was a “massive blow-up risk”, he said. When those crypto projects collapsed a few weeks later, causing […]

Putin bans ‘unfriendly’ investors from selling key energy stakes

This general view taken on July 8, 2018, shows the Kremlin and Moscow State University (back) in Moscow, Russia. (MLADEN ANTONOV / AFP) MOSCOW – Russian President Vladimir Putin signed a decree on Friday banning "unfriendly" investors from making transactions with their shares in strategic Russian enterprises and projects until the end of the year. […]

S. Africa’s Ramaphosa on knife edge as crises spur leadership race

President of ruling African National Congress and South Africa President Ramaphosa addresses the 6th National Policy Conference in Johannesburg on July 29, 2022. (AP PHOTO) JOHANNESBURG – South Africa's Cyril Ramaphosa is beset by crises that have cast doubt on his presidency and left him vulnerable to a leadership challenge as his party begins the […]

Kenya presidential wildcard vows to erase debt with ‘ganja solution’

Roots party presidential candidate George Wajackoyah gestures to his supporters during a campaign rally in Ruai, Nairobi on July 27, 2022, ahead of Kenya's August 2022 general election. (SIMON MAINA / AFP) NAIROBI – Sexagenarian reggae aficionado and presidential candidate George Wajackoyah is convinced he has the right medicine for the ills troubling Kenya's voters: […]