The US and China are currently engaged in a global struggle for dominance in the semiconductor industry, which has become a vital sector for everything from smartphones to advanced military technology. China has made it a long-term economic development policy goal to strengthen its position in strategic technologies, including semiconductors, also known as `chips`. However, the US sees China’s …

“Blue economy” is an economic term related to the marine environment and correlated economic activities; in particular, with “Blue economy”, reference is made to the preservation, regeneration, and exploitation of the marine environment. As a matter of facts, the term “blue economy” is more and more being implied by International and Regional Organizations when referring to sustainable development approaches to …

With climate change having an increasing impact on productive economic cycles, it is increasingly necessary to find alternatives that allow the economy to function while at the same time protecting the environment. Every year, more and more natural resources are depleted or being depleted, and it is for this reason, in addition to environmental protection, that it is appropriate to …

While reports of a soon-approaching recession are making rounds amidst the news of big tech companies laying off their employees, many around the world are anxious about how to survive another economic dip. The impending question is whether the economy barely recovering from the effects of the global pandemic can survive another recession. With inflation rates highest in more than …

While the news of the first Person of Color moving into Downing Street is still making waves through the Globe, the real test in front of the newly appointed Prime Minister of the UK, Rishi Sunak, is much larger than his journey to No.10. He is tasked with picking up a reeling nation after Truss’ disastrous tenure that lasted seven …

The UN Trade and Development Body, UNCTAD, has called to curb the rise of cryptocurrency in developing countries, calling them unstable financial assets that cause unforeseeable risks and costs. The three newly-released policy briefs examined the risks and costs of cryptocurrencies, including the threats cryptocurrencies bring to financial stability, domestic resource mobilisation and the security of monetary systems. The document …

For the first time since 2002, the dollar and euro exchange rates were equal on the global market on Tuesday, July 12. For several months, the European currency has been quickly depreciating compared to the American dollar. Experts attribute that to the general decline of the European economy following the imposition of sanctions against Russia. Thus, in the background of a disruption in trade …

The European Central Bank (ECB) whose role is to maintain euro price stability within the Eurozone and lead European economic and monetary policy, decided to raise its interest rates from 0% to 0,5%, first since 2011, and its deposit rate, applied to cash whose banks don’t distribute as a credit, from -0,5% to 0%. Therefore, the era of negative rates …

A recession is defined as a dramatic decline in economic activity that lasts months or even years. A recession is declared when economy suffers negative GDP, rising unemployment, declining retail sales, and contracting measures of income and manufacturing over a protracted period of time. The nature and causes of recessions are both obvious and unclear. Recessions are essentially a cluster of …

On February 24, 2022, Russia initiated an undeclared war on Ukraine. The US and other nations have criticized Russia’s unprecedented military attack as “unprovoked and unjustifiable.  Members of legislatures, local governments, corporations, and the public in the United States and internationally have backed Ukraine and criticized Russia’s aggression. Hundreds of companies from the United States and other countries have withdrew, halted, or …