In China's Hunan province, geologists have discovered an extraordinarily large gold deposit containing more than 1 000 tonnes of the precious metal. The discovery could have a major impact on the global gold market, as estimates suggest that the value of these reserves exceeds USD 87 billion. The discovery, reported by the Chinese media and conf...
It has long been talked about, but many hoped that it would eventually be avoided. But now the reality is inevitable. The German car companies are facing serious problems, which is negatively affecting not only the German economy, but also the Czech economy. According to some experts, the impact on the economy could be worse than originally expe...
Red Sea in flames: How are the Houthis threatening world trade and setting shipping on a new course?
The current crisis in the Red Sea, where Yemen's rebel Houthis are attacking container ships carrying billions of dollars worth of goods from Asia to Europe, shows the relatively fragile foundations on which world trade stands - and also how deepening globalisation has intertwined the world. The Suez Canal is an absolutely vital trade route, wit...
Canadian company First Quantum intends to initiate arbitration against Panama, Panama's Commerce Ministry and the company announced Sunday. Panama's Supreme Court is considering nullifying the copper contract, which some opponents consider unfair. On Oct. 20, the Panamanian government approved a contract with First Quantum to operate the Cobr...
