The slowdown of China’s economy is causing significant ripples globally. Although the IMF has somewhat improved its forecasts for the world’s second-largest economy, its expectations seem overly optimistic. This is happening amidst lively interactions around the “axis of evil Moscow-Pyongyang-Tehran” and stern warnings from Brussels...
The “Ukraine Recovery Conference 2024” took place in Berlin on 11 and 12 June. This event significantly differed from the previous two conferences held in Lugano, Switzerland, in 2022, and London, United Kingdom, in 2023. Two main issues dominated the discussions this year: the...
A week after the latest OPEC+ meeting, an unexpected trend has emerged: oil prices are falling. Such meetings are typically aimed at raising prices through coordinated market actions by OPEC countries and their allies within the oil-exporting cartel. This is an intriguing signal, not only because...
Inflation in the eurozone in May 2024 is not just about prices; it also ties into the upcoming European Parliament elections and the actions of the European Central Bank (ECB), whose interest rates impact the cost of credit and much more. What is currently driving...
Leading global tech giants continue to amaze the world with their innovative devices, improving what seemed impossible to enhance and offering new technical solutions that not only make everyday life and work easier but also make life more exciting and vibrant. Cyber-dogs and home...
Dumping of electric vehicles and solar panels, technological assistance to Russia’s aggression in Ukraine, muscle-flexing in the Taiwan Strait, and attempts to solve internal problems by expanding exports—these are the grievances against China expressed by both the US and the EU. It appears we are witnessing the start...
China’s economy is striving to escape from crises, particularly in the real estate sector and overproduction. There are seemingly hopeful signs for the Chinese leadership, but these are likely short-lived. The methods China is employing to exit the crisis are far from market-based, and...
It seems that 2024 can rightfully be considered the year of crypto, at least due to Mr. Donald Trump, who has begun accepting donations from supporters for his presidential campaign in bitcoins and ethers. In reality, the financial market, which has recently not only...
The EU is preparing tough tariffs on Chinese electric vehicles (EVs), although this may pose problems for European manufacturers themselves. But behind the scenes – colossal subsidies from the Chinese government to its own automakers. And this is seen in Europe as a sign of unfair...
Automobile giants Nissan Motor Co. and Honda Motor Co. announced today a strategic partnership and agreed to launch a feasibility study on electric vehicles and other advanced technologies to cut costs and increase competitiveness, Kyodo reports. The move comes as competition in the global electric...
The European Commission has launched an investigation into Chinese online e-commerce platform AliExpress, owned by the Alibaba Group, on suspicion of violating the Digital Services Act (DSA), the EU executive said in a statement on 14 March. This is the third official investigation under the DSA,...
The EU supports increased funding for Ukraine’s defence and will increase funding for the European Peace Fund by €5 billion, the Financial Times reports. This fund is used to finance military supplies to Ukraine. The new tranche of the fund is to be approved at...
On Wednesday, the European Parliament gave final approval to a broad set of EU rules for the governance of artificial intelligence, including systems such as ChatGPT OpenAI. MEPs voted overwhelmingly in favour of the Artificial Intelligence Act, five years after the regulations were first proposed. The...
The European Commission is seeking to speed up the approval of a mechanism that will allow the use of profits from Russia’s frozen sovereign assets so that Ukraine can receive the first tranche of up to three billion euros as early as July this...
The Ukrainian IT Coalition has already united 11 countries and accumulated enough contributions for the first procurement of priority requests. This was announced by the Minister of Defence of Ukraine Rustem Umerov “The IT Coalition is an important long-term initiative, and we are grateful to...
Global oil prices have been on a decline for the third consecutive month. Despite OPEC+’s decision to cut production at the end of November, it proved insufficient to push prices upward. Even the most optimistic analysts doubt that oil will reach record levels and hit...
Emotional and physical fatigue, chronic illnesses, and boredom – all accumulate in our bodies and minds throughout the year, so if we don’t take action, 2024 certainly won’t be better than 2023. While one could take a New Year vacation and embark on an...
The cryptocurrency market, accustomed to being Cinderella since its formation 14 years ago, occasionally comes into focus, especially when intriguing events unfold in the global financial markets. Currently, we are witnessing a shift from excessively expensive money to moderately expensive ones. Bitcoin, which has reached $43,000,...
Natalia Lipska heads the prominent charitable foundation “Wings of Hope,” which has been actively aiding seriously ill children for more than 16 years, primarily. However, since February 24, 2022, when Russia launched a full-scale invasion of Ukraine, Natalia Lipska has been involved in assisting...
It appears that gloomy forecasts about the Chinese economy facing tough times are coming true. While just a few months ago there were hopes that China could overcome economic challenges without bloodshed, the scale of problems in a country that demonstrated an example of rapid, even...
The looming challenges of wider AI adoption are causing some anxiety about unemployment and severe job stratification. But is it really as dire as it seems? Let’s recall history. Similar concerns were raised when automobiles replaced manual labor, tractors revolutionized field plowing, steam engines...
When you regularly follow the latest in technology and modern innovations, there comes a moment when the thought arises that we have been living in a cyberpunk era for quite some time, albeit without mutants and flying cars. However, every modern device is a...
The importance of mobile systems countering aerial threats in modern warfare is difficult to overstate. Portable anti-aircraft complexes and short-range air defense systems have played and continue to play a significant role on the battlefields of the Ukrainian-Russian war. They are instrumental in downing...
In Europe, Christmas markets and sales have kicked off and will continue until the first half of January 2024. As Christmas approaches, sellers eagerly rub their hands, hoping that in 2023, shoppers will be more willing to spend compared to the previous year when spending was...
Per the sanctions imposed by the EU and its partners against Russia in 2022, many Russian banks were disconnected from the SWIFT system, including VTB, Otkrytie, Sovcombank, Promsvyazbank, Novikombank, Alfa-Bank, VEB, Rosselkhozbank, Novikombank, MKB, Rossiya, IS-Bank, BSTDB, Genbank, and Gazprombank. At the initial stage...
In the near future, the hum of machines and the flicker of neon lights will paint the nighttime landscape of an urban jungle. Bars and restaurants, once a place of human interaction and camaraderie, have become a playground for a new kind of creature...
Since the onset of the full-scale invasion by the Russian Federation, Ukraine has acquired a fairly substantial and diverse arsenal of armaments and technology from Western allies – ranging from portable anti-tank missile systems to modern, highly effective air defense systems. Soon, Ukraine’s airspace...
It’s safe to say that at this time, the global economy has found itself at a crossroads. Sustained globalization, which in previous decades was rapidly driving the world economy forward, has given way to contrary trends. The world has become increasingly vulnerable to fragmentation...
While Ukraine and Israel are involved in distinct conflicts with varying capabilities and needs, some categories of essential weaponry may overlap, potentially leading to shortages if the conflicts persist, reports The New York Times. Some of the supplies to Israel may include the same types...
In the Spanish city of Valencia, an experiment with a four-day workweek took place. Over the course of a month, 360,000 local employees worked from Tuesday to Friday, with Saturday, Sunday, and an additional Monday off, as reported by El Pais. According to the final...
Near Krakow, in the village of Tenchinek, a 16th-century brewery has undergone extensive renovation, transforming it into a bar and restaurant. The building, originally constructed in 1553, suffered damage during World War II but was reconstructed in 2014, as reported by Dezen magazine. The owners opted...
American Marines conducted trials of a hybrid military system by attaching an educational version of the M72 anti-tank rocket launcher to the back of a robot dog. These tests, which took place in California in September, indicate a growing interest among the military in...
The Ukrainian National Anti-Corruption Bureau (NABU) has included 14 Russian machinery importers of the German producer, SPINNER, in the roster of potential international Ukrainian sanctions. This development was officially announced on the National Anti-Corruption Bureau’s website. According to the statement, this decision was made following the...
President of Ukraine Volodymyr Zelensky called on nearly 200 world leaders to unite and create a global front against Russian aggression in his address to the United Nations General Assembly on the eve. This marked his first personal appeal to the global organization since Russia’s military...
The American dollar is climbing higher, strengthening against the euro and other European currencies. What does this mean? What will it influence? Is a cheaper euro or British pound a good thing? Over the past three months, by mid-September, the Dollar Index (DXY) has surged by...
The concept, framework and mission of marriage are transforming. Thus nowadays, the norms established a few decades ago may be considered inappropriate or even discriminatory. At the same time, some traditions continue to hold their ground in the worldview of men and women all...
The global drug trafficking continues to grow despite the efforts to combat it. According to the World Drug Report 2023, illicit drug markets continue to expand. The supply of cocaine is growing, social media is making it easier to sell, and synthetic drugs – cheap...
We call the countries East of Berlin the New Europe for a reason. Today, they have great innovative potential and are becoming Europe’s technology hub. As it turns out, New Europe has been a home for vital inventions for quite a while. Today, we...
The Russian-Ukrainian War marked the first true drone battle in history. However, the idea of using unmanned lethal machines to eliminate enemies dates back to the mid-19th century. It has been a persistent fascination for military inventors since then. Austrian Airborne Balloons In...
Waiting for your flight at the airport terminal, only to find out that the flight has been delayed indefinitely? No worries, if you have a smartphone at hand (and who doesn’t these days?), and there’s Wi-Fi or LTE in the waiting lounge. We present...
