China’s trade surplus at record as exports beat expectations

BEIJIING (BLOOMBERG) – China’s trade surplus rose to a record as exports grew faster than expected, easing some concerns over waning global demand and providing support for an economy battling sporadic Covid-19 outbreaks and property woes. The nation’s trade balance climbed to about US$101 billion (S$139.4 billion) in July, surpassing the previous record set in […]

2nd caravan of grain ships from Ukraine arrive in Istanbul

This handout picture taken and released by the Turkish Defence ministry press office on Aug 3, 2022, shows an inspection delegation member inspecting the Sierra Leone-flagged cargo ship Razoni carrying 26,000 tonnes of corn from Ukraine, off the coast of north-west Istanbul. (TURKISH DEFENSE MINISTRY / AFP) ISTANBUL – The second caravan of ships transporting […]

The crypto market crashed, but they are still buying Bitcoin

(NYTIMES) – Cory Klippsten started issuing warnings about the cryptocurrency market in March. The digital coin Luna, Mr Klippsten tweeted, was a scam, run by an entrepreneur with “major Elizabeth Holmes vibes”. The newfangled crypto bank Celsius Network was a “massive blow-up risk”, he said. When those crypto projects collapsed a few weeks later, causing […]