The world is set to see global GDP plummet by a catastrophic 15% by 2050 if current emissions trends are not reined in and global warming reaches 2.2°C by 2050.
Reporters Without Borders (RWB) counts a total of 57 journalists and media workers that have been killed this year because of their job, including eight killed in Ukraine, the second most deadly location in the world.
The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.
Explosions thundered in Kyiv on the morning of December 14 as Russia launched another wave of drone strikes.
Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,
Eastern European critics argue that Paris’ ambiguous stance threatens to fracture the West’s unity against Russia, and emboldens Putin to continue prosecuting the war until he wins concessions.
2022 has been eventful, to say the least, and a look at the biggest trending Google searches this year can serve as a reminder for some of the events and situations that have shaped our world over the last 12 months, Statista reports.
Belarus has offered to let Ukrainian grain go through its territory to Lithuania without preconditions. However Lithuania is wary of this sudden offer.
The deal will help Hungary fill its yawning budget deficit and should steady the forint, the EU's worst performing currency this year.
Global debt remained above pre-pandemic levels in 2021 even after posting its steepest decline in 70 years, underscoring the challenges for policymakers.
In April 2021 gold was sitting around a price of $1,700; as of December 10, 2022 it is now approaching $1,800. Relative to just about every other asset class, this is not a bad performance.
The EC agreed that each member state will take on financial responsibility individually and the money will not be lent at EU level, to avoid the Hungarian veto.
Weapons for Ukraine approved at emotional parliament session despite efforts by pro-Russian Bulgarian Socialist Party and far-right Vazrazhdane to block military aid.
Three major fires broke out in Moscow on December 10, raising suspicions of arson attacks by Ukrainian saboteurs.
A Moscow court has sentenced Russian opposition politician Ilya Yashin to eight and a half years in prison on charges of spreading “disinformation” about the Russian army.
Solar is set to overtake coal as the world’s leading source of power supply by early 2025, the IEA said
The National Bank of Ukraine will keep the key policy rate unchanged at 25% per annum, the bank stated in a report on December 8.
Two days in a row this week, the Ukrainian Armed Forces used drones to strike targets deep within Russia. Satellite images from December 5 show that Ukraine hit the Engels air base near Saratov and the Dyagilevo air base near Ryazan.
The global energy crisis caused by Russia’s full-scale invasion of Ukraine has sped up the green transition, Ukraine Business news reported on December 7.
With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.