Italian Prime Minister Mario Draghi announced his resignation on Thursday after he fell out of favor with the Five Star Movement. Similar to Boris Johnson, once your own people turn their backs on you, it is time to bow out. “I want to announce that this evening I will present my resignation to the President […]

ASIA: Singapore’s economy grew 4.8 percent year-on-year in the second quarter of 2022, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Thursday (Jul 14). On a quarter-on-quarter seasonally adjusted basis, Singapore’s gross domestic product (GDP) was unchanged in the second quarter after posting an expansion of 0.9 percent in […]

ASIA: China’s economic growth likely slowed sharply in the second quarter as COVID-19 lockdowns hit factories and consumer spending, a Reuters poll showed, suggesting policymakers may have to do more to spur a faster recovery. On a quarterly basis, GDP is forecast to drop 1.5% in the second quarter, versus growth of 1.3% in January-March, […]

  The World Economic Forum is praising Denmark for implementing the world’s strictest carbon tax laws. Companies will soon be forced to pay $159 for every tonne of CO2 emitted, marking an additional $53 per tonne. The government claims this will cut CO2 levels by 3.7 million tonnes in just one year. “This incentivizes companies […]

ASIA: India is set to surpass China as the world’s most populous country in 2023, with each counting more than 1.4 billion residents this year, a United Nations report said on Monday, warning that high fertility would challenge economic growth. The world’s population, estimated to reach 8 billion by Nov. 15 this year, could grow […]

ASIA:   The major Asian stock markets had a mixed day today:   NIKKEI 225 increased 295.11 points or 1.11% to 26,812.30   Shanghai decreased 42.49 points or -1.27% to 3,313.58   Hang Seng decreased 601.58 points or -2.77% to 21,124.20   ASX 200 decreased 75.80 points or -1.14% to 6,602.20   Kospi decreased 10.34 […]

QUESTION: Mr. Armstrong, it has become so apparent that sites like _____ always promote gold so they refuse ever to quote you for they are doing the very same thing of creating a cancel culture. It is their commentary or nothing else. I have stopped reading them. Then you said that your computer showed this […]

ASIA: Japan’s household spending posted a surprise drop in May, falling for the third consecutive month as the global chip shortage hurt car sales in a worrying sign for the outlook of the world’s third-largest economy. Households are also facing pressure from the yen’s sharp decline that is pushing up prices of imported fuel and […]

Here is a bit of humor on a Friday. The G7 Summit turned into a middle school playground when world leaders began mocking Russian President Vladimir Putin for taking numerous shirtless photographs. We have all seen the horseback riding photo and others depicting masculine activities, which is no doubt propaganda. Regardless, at a time when […]

ASIA: Japanese Ambassador to Sri Lanka Mizukoshi Hideaki on Friday said that Japan is ready to support Sri Lanka for its economic program with the International Monetary Fund (IMF) and for the development activities of the country. The President’s Media Division said that during the discussion between the Japanese Ambassador and Sri Lanka President Gotabaya […]