The countries signed a sweeping pact on Saturday that calls for heavy Chinese investments in Iran over 25 years in exchange for oil — a step that could ease Iran’s international isolation.
Tag: Economic Conditions and Trends
India’s Farm Subsidies Lead to Waste but Support Millions
In a country plagued with malnutrition, government support has led to wasted crop surpluses. But with jobs lacking, many feel they have little choice but to work the land.
Lebanon’s Financial Collapse Hits Where It Hurts: The Grocery Store
The country’s currency has sunk to a new low against the dollar, sending prices for once affordable foods soaring out of reach.
Will Israel’s Strong Vaccination Campaign Give Netanyahu an Election Edge?
Prime Minister Benjamin Netanyahu is banking on voters crediting him for beating the pandemic. But many worry that the country’s reopening may be premature and politically driven.
China’s Climate Ambitions Collide with its Coal Addiction
Beijing’s new development blueprint is meant to steer the country to carbon neutrality before 2060, but companies and regions dependent on the fossil fuel aren’t making it easy.
Covid? What Covid? Taiwan Thrives as a Bubble of Normality.
The island has used its pandemic success to sell something scarce: life without fear of the coronavirus. Citizens have flocked home from abroad, helping to fuel an economic boom.
Europe Struggles to Defend Itself Against a Weaponized Dollar
Despite warm words from Biden, U.S. secondary sanctions against Iran, Russia and others punish European companies and prompt new calls for strategic autonomy.
China’s Plan to Win in a Post-Pandemic World
The message at the National People’s Congress was one of optimism about the strength of its economy and of struggle against an array of internal and external challenges.
A Confident China Promises Robust Growth and a Hard Line on Hong Kong
Officials said the economy would grow by more than 6 percent this year. They also pushed ahead with an electoral overhaul in Hong Kong that would cripple the opposition.
Amid Shortfalls, Biden Signs Executive Order to Bolster Critical Supply Chains
The order is intended to help insulate the economy from future shortages of critical imported components by making the United States less reliant on foreign supplies.