The upcoming BRICS summit in Johannesburg will focus on the pivotal decision to accept new members, a move strongly pushed by China and Russia but viewed cautiously by Brazil, which finds itself in a minority stance. China and Russia see the expansion as a means to boost their global influence, while Brazil fears it may […]
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Europe’s LNG hunger: fueling Asia’s coal dependence and energy injustice
(Opinion) Europe’s demand for liquefied natural gas (LNG) due to the self-inflicted loss of Russian pipeline gas has driven up LNG prices, widening the energy gap between wealthier and lower-income regions. This energy gluttony is compelling South and Southeast Asia to resort back to coal, undoing strides made towards greener energy. A hunger for LNG […]
Today’s Morning Call: Key Inflation Data Awaited
Today’s financial update focuses on Tuesday (12th), a crucial day for economic announcements expected to shape market trends. Brazil is set to reveal its February inflation figures at 9 AM. The figures will likely indicate a rise from January’s numbers, hinting at economic shifts. Predictions from the most recent Focus Bulletin suggest February’s inflation could […]
Libya’s Derna Faces Communications Outage After Protests
After residents protested on Monday, the Libyan city of Derna experienced a communications outage on Tuesday. They blamed local authorities for not maintaining the dams. Storm Daniel struck on September 10, causing dams to fail and widespread flooding. Protesters gathered near Derna’s Grand Mosque. They criticized the lack of early warnings about the impending flood. […]