Iran’s acting president Mohammad Mokhber on July 4 proposed the creation of a joint bank and a common free zones network within the Shanghai Cooperation Organisation (SCO).
Resource-rich Kazakhstan a potential member of bloc of major emerging markets as China and Russia advocate for its expansion.
Beijing has been expanding its influence in the region for years, securing access to raw materials and transport routes.
Population growth means that for the first time in a decade access to global energy has begun to fall despite the massive investment going into clean energy to fight the climate crisis, the International Energy Agency said in a new report.
Extreme heat this summer has already killed 1,300 Muslims on the annual hajj to Mecca, but climate change threatens the lives of far more people if crops start failing due to rising heat and water stress, recent research has shown.
The Shanghai-based commercial fusion energy company Energy Singularity announced on June 19 it has successfully built the world’s first fusion reactor that puts out more energy than it takes in to run it.
China’s failure to show up for Ukraine’s Swiss peace summit in mid-June was a major setback in Kyiv’s attempts to set a new benchmark for the international support of its military struggle with Russia and an attempt to rally the Global South.
A new report finds that fossil fuel energy use rose to a record high in 2023, despite efforts to combat climate change.
China is adding renewable energy capacity faster than any other country in the world, and is approaching peak emissions, even if it remains heavily dependent on coal-fired power stations to power its economy.
Iran’s Oil Minister Javad Owji denied claims that Tehran was “giving away” crude oil with “massive discounts,” after two presidential candidates criticized the outgoing government for “wasting” oil revenues with markdowns.
Relatively small component of expanded commerce comes from evading sanctions on particular goods, analysis argues.
Railway construction agreement doesn’t answer all the questions, especially about financing.
Move made ahead of expected EU targeting of imported electric vehicle exports from China.
As the global Climate Crisis gathers pace, Bitcoin miners are increasing their consumption of power, adding to the problems. The team at BestBrokers has calculated the average yearly power consumption for Bitcoin mining in each country.
On China visit, Hakan Fidan suggests grouping could be good economic alternative to EU. But Ankara has been some way down this road before.
The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June.
The despair index adds unemployment, inflation and poverty to compare what life is like in the bottom third of emerging societies. Currently Russia is enjoying one of its lowest levels of despair, whereas Ukraine is suffering one of its worst.
China and Saudi Arabia have both declined to attend a Ukraine peace conference in Switzerland next month, citing the absence of Russia as a key reason, various sources confirmed on Friday.
Consortium led by China Communications Construction Company Limited and China Harbour Investment was the only bidder.
In 2023 the yuan became the most popular currency on the Moscow Exchange, beating even the dollar, as Russia has been forced to completely remake the way it pays for international trade.