In recent months, central banks around the world have significantly increased their gold reserves. They added a net total of 77 tons, as reported by the World Gold Council. This organization oversees market development for the gold industry globally. Krishan Gopaul, a senior analyst, shared insights into this trend. He highlighted a strong preference for […]
Related Posts
Myanmar’s Unity Threatened by Intensifying Border Conflicts
With military junta support, the president of Myanmar recently raised alarms about the country’s unity. State media reported his concerns following intense clashes near China. On Wednesday, President Myint Swe suggested a potential split without effective border conflict management, as per the Global New Light of Myanmar. According to analysts, conflict in Shan state, near […]
Evergrande’s Liquidation: A Turning Point
In a landmark decision on January 29, 2024, the Hong Kong court ordered the liquidation of China Evergrande Group, the world’s most indebted property developer. This ruling, marking a pivotal moment in the financial sector, is expected to impact China’s already strained financial markets significantly. Evergrande, with liabilities exceeding $300 billion, defaulted on its offshore […]

Chile and Bazil rank highest in Latin America in renewable energy development
EY’s latest Renewable Energy Country Attractiveness Index (RECAI) positions Chile as the most favorable nation in Latin America for renewable energy development. Globally, Chile ranks 14th, ahead of Brazil (18th) and Argentina (30th), but behind the United States (1st), Germany (2nd), and China (3rd). This ranking comes amidst debates in Chile about further expansion of […]