China's imports and exports plunged in November to levels not seen since early 2020, official figures showed Wednesday, as severe Covid restrictions hit the economy hard.. Official data last week showed China's factory activity shrank for a second straight month in November, as large swathes of the country were hit by lockdowns and transport disruptions.
Europe is likely to scrape through this winter without cutting off gas customers despite reduced Russian supplies, but even adjusting to colder homes and paying more may not be enough in coming years, analysts say.. And while construction of more LNG terminals is under way, in 2023, unlike at the beginning of this year, Europe will mostly have to do without Russian gas to fill its reservoirs.
China's imports and exports plunged in November to levels not seen since early 2020, as strict Covid restrictions hit the economy hard, according to official figures released Wednesday. . China's factory activity shrank for a second straight month in November, official data last week showed, as large swathes of the country were hit by lockdowns and transport disruptions.
This was supposed to be the comeback year for the world economy following the Covid pandemic.. The coronavirus pandemic, meanwhile, remains a wildcard for the global economy.
From "intelligent" vacuum cleaners and driverless cars to advanced techniques for diagnosing diseases, artificial intelligence has burrowed its way into every arena of modern life.. Its promoters reckon it is revolutionising human experience, but critics stress that the technology risks putting machines in charge of life-changing decisions.
From the United States to Brazil and Israel, a barrage of election-related misinformation hammered voters around the world in 2022, but many pushed back against the conspiracy-laden Trumpian tactic of sowing distrust in the democratic process.. Candidates around the world borrowed from Donald Trump's playbook in peddling unfounded allegations of election fraud, but in countries such as the United States and Brazil many voters appeared to reject the narrative.
International streaming platforms were among the biggest pandemic winners, seeing subscriber numbers soar, but US giants have turned abroad as countries re-opened -- with Thailand firmly in their sights.. "We do believe that Thailand will be a big part of our subscriber growth in the years to come," said Prime Video's director of international development Josh McIvor.
In the east German countryside, close to Dresden, a former abattoir is now home to the biggest indoor cannabis farm in Europe.. Sanity Group, a German company that focuses on cannabis-derived products, likewise raised $37.6 million in September.
Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession.. JPMorgan Chase chief Jamie Dimon tipped a "mild to hard recession" and Goldman Sachs' David Solomon said jobs and pay would be hit, while Morgan Stanley and Bank of America were also uneasy about the outlook.
Chinese President Xi Jinping arrives in Saudi Arabia on Wednesday for three days of meetings with regional leaders likely focused on energy. . Beyond energy, analysts say leaders from the two countries will likely discuss potential deals -- that could see Chinese firms become more deeply involved in mega-projects that are central to Prince Mohammed's vision of diversifying the Saudi economy away from oil.
