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...
At the beginning of the second week of August, stock markets experienced significant declines, causing concern among investors. Stock values were in considerable negative territory and analysts were quick to compare the situation with the last financial crisis. However, on Friday 9 August, the situation changed: the S&P 500 index had already...
The US government recently issued an executive order forcing Elon Musk, a prominent businessman and founder of SpaceX, to shut down the Starlink satellite system in areas occupied by Russia. This order was issued in order to prevent the Russian military from being able to use Starlink for potential military purposes. Starlink, a SpaceX projec...
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...
