The Biden administration has unveiled a comprehensive plan to regulate methane emissions from the U.S. oil and gas industry. This announcement, made at the United Nations COP28 climate change conference in Dubai, signifies a crucial step towards global efforts to curb the impact of methane, known as a ‘super pollutant,’ due to its higher warming […]

The aftermath of the coronavirus pandemic has left China grappling with a historic surge in defaults, underscoring the depth of the country’s economic challenges and the hurdles hindering a complete recovery. As economic woes persist, a record-breaking 8.54 million individuals, predominantly aged between 18 and 59, find themselves officially blacklisted by authorities for failing to […]

Sri Lanka has successfully negotiated a historic agreement with a consortium of major international creditors, including economic powerhouses China, India, and Japan. The restructuring deal, amounting to approximately $6 billion, represents a key milestone in the nation’s efforts to navigate its financial challenges. This agreement is pivotal for Sri Lanka as it positions itself to […]

In an unprecedented move, the International Monetary Fund (IMF), the World Bank, and the Bank for International Settlements (BIS) are joining forces for the first time to explore “tokenization,” a novel approach to enhance their global financial operations. The collaboration extends beyond these institutions, encompassing Switzerland’s central bank, recognized for its pioneering work in tokenization. […]