New G-7 infrastructure plan offers alternative to China Belt & Road

New G-7 infrastructure plan offers alternative to China Belt & Road

The Group of 7 has announced a new infrastructure funding program that could rival China’s Belt and Road Initiative. One expert says the G-7’s plan offers hope to developing countries but it remains to be seen whether it can match the BRI. On Sunday, the U.S. and the other members of the G-7 including Canada, … Read more

G7 pledges to $600 bn over five years to counter China’s BRI project

G7 pledges to 0 bn over five years to counter China’s BRI project

Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. US President Joe Biden and other G7 leaders relaunched the newly renamed “Partnership for Global Infrastructure and Investment,” at their … Read more

Recession, currencies, oil, Russian debt

Recession, currencies, oil, Russian debt

A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images SINGAPORE — Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Japan’s Nikkei 225 jumped nearly 1% in … Read more

The EU’s rewiring due to the war in Ukraine is game-changing, if it doesn’t short-circuit before the job is done

New G-7 infrastructure plan offers alternative to China Belt & Road

Europe has been rewiring itself in impressive ways in the five months since Russian President Vladimir Putin launched his invasion of Ukraine. The coming weeks will show whether that work of building a more resolute European Union for a future of new security challenges will continue. Or, instead, will the rewiring short-circuit before the job … Read more