Article
China To Accelerate The Construction Of Coal-Fired Power Plants
China expects to add 70 gigawatts (GW) of coal-fired power generation this year, up from 40 GW of capacity from coal installed in 2022, a report from the power sector’s group, China Electricity Council, showed.
The coal additions, however, will not be the biggest capacity increases in China in 2023, per the report quoted by Bloomberg.
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Futures, Global Markets Rise With US Markets Closed For President's Day
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Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US...
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Lavrov Soberly Acknowledged The Challenges Posed By Trump 2.0
Lavrov Soberly Acknowledged The Challenges Posed By Trump 2.0
Authored by Andrew Korybko,
He calmly acknowledged that it’s now more difficult for Russia to advance its foreign policy goals due to the US’ renewed attempt to dominate the global economy through coercion and force, but he still believes that BRICS will play a pivotal role in furthering the global systemic transition to multipolarity.
Russian Foreign Minister Sergey Lavrov recently gave an interview to TV BRICS about their namesake organization and its role in the global systemic transition.
He began by contextualizing the present moment in...
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