Switzerland’s decision to rescue failing investment bank Credit Suisse could be a major burden for the nation’s taxpayers, according to Bloomberg calculations.The Swiss government has pledged to absorb 9 billion Swiss francs ($9.7 billion) of the bank…

China and Russia became the world leaders in trade surplus last year, according to calculations by RIA Novosti based on data from the national statistical services of both countries. A trade surplus is an indicator of a positive balance of trade, wher…

Investment in Artificial Intelligence (AI) has been in decline across the world, plummeting 34% last year to $45.8 billion, analytics company CB Insights reports.According to its analysis, the decline directly corresponds to the broader venture-fundin…

China is projected to give a significant boost to the world economy, accounting for about a third of global growth in 2023, the managing director of the International Monetary Fund said on Sunday. ‘The robust rebound means China is set to account for …

The slave trade’s ‘legacy of racism’ haunts the world to this day, according to UN chief Antonio Guterres.’We can draw a straight line from the centuries of colonial exploitation to the social and economic inequalities of today,’ Guterres said in a me…

Germany and the EU have reached an agreement to end a lingering dispute over the future of vehicles with combustion engines.’Vehicles with internal combustion engines can still be newly registered after 2035 if they fill up exclusively with CO2-neutra…

The British monarchy should apologize for its connections to the transatlantic slave trade if it “truly cared about beginning to rectify its role,” according to an official from an anti-monarchy campaign group.The transatlantic slave trade, which is v…

The US and the EU completed a naval exercise that began earlier this week, the State Department said Friday.”The joint naval exercise took place in the framework of the EU and U.S. patrolling and exercising high seas freedom of navigation,” the agency…