Originally posted on Fortune:
Punishing inflation and extremely limited supply have made smartphones extraordinarily rare and expensive in Venezuela, Bloomberg reports. Only two or three stores in the capital city of Caracas even stock high-end phones because vendors must go through the government to acquire inventory. Meanwhile, the country is suffering from a severe shortage…
Originally posted on cryopolitics:
The Donut Hole (and two other small ones to the south) at the center of the Arctic Ocean. On June 4, I wrote about issues surrounding the continental shelf in the Arctic Ocean. June 5 was National Donut Day. So that makes it a better time than ever to talk about the…
Originally posted on Frontier Market Strategy:
We know Chinese firms are expanding overseas at an unprecedented rate, but what is driving them them to do so? It is well established that Chinese companies are investing abroad in ever greater numbers, but many would question the reasoning for this when China remains a booming market, enjoying…
Originally posted on Financial Post:
China’s stocks look to be falling back down to reality. After an epic rally that saw the Shanghai Composite index climb more than 40% this year and the tech-heavy Shenzhen Composite rise a world-leading 90%, a correction — or maybe worse — looks to be in the works. Last week…
Russia has overtaken Saudi Arabia to now become China’s top crude dealer for the first time since October 2005 as the tussle for market share in the world’s second-largest oil consumer has intensified, Bloomberg reports. In May, China imported a record 3.92 million metric tons of crude oil from Russia, which accounts for 927,000 barrels per day or a … Continue reading
In a move to jumpstart its lagging investment climate, Vietnam is set to ease business regulations by the most in 25 years as it plans on accelerating the sale of its state-owned firms starting on July 1, Bloomberg reports. Starting July 1, the Vietnamese government will reduce the number of areas in which firms are prohibited from operating from … Continue reading
By Chris Weafer of Macro-Advisory After a relatively positive performance for Russia’s economy in the first quarter, the second quarter has brought more of a reality check, with sharply lower numbers across many categories reported in April and May. The preliminary GDP estimate for April shows a contraction of 4.2% year on year, after a more … Continue reading
By Garima Sharma Negotiations toward a major trade agreement between India and its largest trading partner, the EU, seem to be back on track. Broad structural and political reforms, however, will likely be needed in India for an agreement to stick. The long-pending Free Trade Agreement (FTA) between Indian and the European Union is now … Continue reading
By Pepe Escobar We all remember how, in early June, President Putin announced that Russia would deploy more than 40 new ICBMs “able to overcome even the most technically advanced anti-missile defense systems.” Oh dear; the Pentagon and their European minions have been freaking out on overdrive ever since. First was NATO Secretary-General, Norwegian figurehead Jens … Continue reading
By Alok Sheel A visionary new leader, Narendra Modi, has recently come to power in India. He seeks to realise India’s huge growth potential and make it a major global player. This has generated enormous optimism nationally, and internationally, about an Indian resurgence. What challenges must India overcome to achieve this? There is a broad consensus … Continue reading