economy - Page 10

Japan Asks U.A.E. for ‘More Crude Oil’ amid Market Crisis

Japanese Foreign Minister Hayashi Yoshimasa asked his United Arab Emirates (U.A.E.) counterpart on Sunday to increase crude oil exports in an effort to stabilize the global petroleum market, which has experienced surging prices amid Russia’s latest war with Ukraine, Kyodo News reported on Monday.

FILE - In this Jan. 18, 2016 file photo, an oil pump works at sunset, in the desert oil fi

Taiwan Claims Malfunction, Not Sabotage, Behind Giant Blackout

An electricity blackout that affected nearly 5.5 million households and businesses across Taiwan on Thursday was caused by a “human error” that resulted in an equipment malfunction at a power plant managed by the state-run Taiwan Power Co. (Taipower), Taiwan government officials announced late Thursday local time.

The Taipei 101 tower, once the worlds tallest building, and the Taipei skyline, are pictur

IMF Demands El Salvador Give Up on Bitcoin

The International Monetary Fund (IMF) on Tuesday “urged” El Salvador’s government to rescind the legal tender status it bestowed to Bitcoin, a type of cryptocurrency, in September 2021, indicating that its failure to do so could hinder El Salvador’s intention of securing a future loan from the financial institution.

Largest Nordic bank Nordea bans employees' bitcoin trade

‘Old and Slow’: China Gives Joe Biden’s First Year a Failing Grade

Chinese state media was not much impressed with President Joe Biden’s press conference on Wednesday afternoon, labeling his first term a failure because his spending agenda crashed and burned, his handling of the Wuhan coronavirus pandemic is “politicized,” and – worst of all in the eyes of Chinese commentators – he is still trying to “contain” Beijing.

biden-flag-china

Poll: Joe Biden’s Approval Craters to New Low at One Year Mark

A one year anniversary in a new job is usually a cause for celebration. Not for President Joe Biden. He ends his first year in the White House with a clear majority of Americans underwhelmed by his handling of the presidency in the face of an unrelenting pandemic, roaring inflation, a stalled legislative agenda, and supply chain bottlenecks.

WASHINGTON, DC - JANUARY 19: U.S. President Joe Biden answers questions during a news conf