Evergrande holds direct and indirect responsibility for approximately 3.8 million jobs annually. The prospect of liquidation thus raises concerns about mass unemployment and job insecurity for millions.
Read MoreBRICS voted to invite Saudi Arabia, Iran, Ethiopia, the United Arab Emirates, Argentina, and Egypt, giving the group control over three more major oil exporters in the Middle East.
Read More
On January 31,100 people were killed and more than 225 people were wounded in a suicide bombing attack at a mosque in Peshawar, a city located in Northwestern Pakistan.
Read More
Russia is strategically using oil as a means of countering the Western cap, by refusing to sell oil to the countries that proposed the price cap. Russia’s permanent representative to international organizations in Vienna, Mikhail Ulyanov, recently tweeted “From this year, Europe will live without Russian oil,” says CBS News.
Read More