Advertising

Keywords: Economy


Belgium to host world's first solar hydrogen park in 2026

A consortium of four specialized companies has unveiled plans for the world's inaugural solar hydrogen park in Wallonia, Belgium, a pivotal step toward commercializing large-scale green hydrogen production. Slated to launch operations in 2026, the facility will leverage Solhyd's innovative solar......

Turkish President Erdoğan appoints two deputy central bank governors

Turkish President Recep Tayyip Erdoğan has appointed two new deputy governors to the Central Bank of the Republic of Turkey, according to an announcement published in the Official Gazette on Tuesday. The appointments include Fatma Özkul, who previously served as a member of the bank's monetary......

China leads world's largest foreign currency reserve holders

China holds the top position among nations with the largest foreign exchange reserves, according to recent data from global financial rankings. The country boasts reserves exceeding $3 trillion, a figure that significantly outpaces its closest competitors and underscores its economic dominance on the......

Trump nominates Kevin Warsh to lead Federal Reserve

President Donald Trump has selected Kevin Warsh, a former Federal Reserve governor, to succeed Jerome Powell as chair of the U.S. central bank. The announcement, shared on Trump's Truth Social platform, underscores his belief that Warsh possesses exceptional qualifications and will rank among the......

China's export surge hides deepening domestic slump

In the bustling port city of Ningbo, just two hours south of Shanghai, China's economic paradoxes stand out starkly. The Ningbo-Zhoushan port handled 1.4 billion tons of cargo in 2025, holding its title as the world's busiest for the 17th year running. Yet a short distance up the Yong River,......

German economy posts modest 0.3% growth in final quarter of 2025

Germany’s economy grew by 0.3% in the fourth quarter of 2025 compared with the previous quarter, according to the federal statistics office Destatis. The increase was slightly above market expectations, which had forecast 0.2% growth. The quarterly expansion was driven primarily by higher household......

China ends credit restrictions that sparked property crisis

China has officially scrapped its "three red lines" policy for real estate developers, lifting the strict credit limits that ignited a debt crisis still rippling through the world's second-largest economy. According to a report from China Real Estate Business, a publication under the Ministry......

Spain’s economy outperforms European peers with strong growth in 2025

Spain’s economy recorded robust growth in 2025, clearly outperforming many of its European counterparts, according to preliminary figures released by the National Statistics Institute. The data indicate that economic activity accelerated toward the end of the year, resulting in an estimated annual......

Venezuela ends 20 years of state oil control with new law

Venezuela's National Assembly approved a sweeping overhaul of the country's hydrocarbons law on Thursday, dismantling over two decades of state dominance in the oil sector and opening the door to private investment in the world's largest proven crude reserves. The vote signals a dramatic......