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China owed more than $1 trillion in Belt and Road debt: report
China owed more than $1 trillion in Belt and Road debt: report
by  AFP

China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 percent of the loans supporting countries in financial distress.

Asian markets take a breather after Fed rate pause rally
Asian markets take a breather after Fed rate pause rally
by  AFP

Asian markets turned negative Tuesday after their latest rally as high hopes the US Federal Reserve has finished hiking rates gave way to profit-taking. Still, markets are betting on a number of rate cuts next year totalling more than 100 basis points.

Polish truckers block Ukraine border points in protest
Polish truckers block Ukraine border points in protest
by  AFP

Several dozen owners of transport companies on Monday blocked three major Polish border crossings with Ukraine to protest what they say is unfair competition from the neighbouring country's businesses. "Their costs of servicing a truck, hiring a driver or merely of opening a business or paying social insurance are much lower," Marek Oklinski, a transport company owner, told AFP in Dorohusk.

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