Economy

USA-Saudi Nuclear Deal Signed Amid Israel Condition

USA-Saudi Nuclear Deal Formalised After Decades Of Negotiations The United States of America (hereinafter: USA) have formally approved a 30-year civilian nuclear agreement with Saudi Arabia, placing North American firms at the centre of the kingdom’s nuclear infrastructure and extending USA’s government oversight over its development. The deal, reported to be worth tens of billions...

British Steel Nationalisation Draws China Warning

The United Kingdom (hereinafter: UK) government has nationalised British Steel, taking full public ownership of the Scunthorpe steelworks previously held by Chinese conglomerate Jingye Group. China’s Ministry of Commerce responded on 18 July 2026 by stating that Beijing would take unspecified countermeasures, framing the nationalisation as a violation of market principles and an infringement of...

China Angola Yuan: Oil, Debt and Minerals

Angola has moved on multiple fronts to deepen its financial and resource ties with China, in a set of developments that together mark a structural shift in how one of Sub-Saharan Africa’s largest oil producers manages its currency reserves, finances its energy infrastructure and allocates its mineral wealth. The China-Angola yuan relationship has advanced from...

Global Oil Demand Set to Fall for First Time Since 2020

The International Energy Agency (hereinafter: IEA) has projected that global oil demand will record its first annual decline since 2020, when the COVID-19 pandemic suppressed consumption worldwide. The forecast, published in the IEA’s latest monthly oil market report and elaborated upon by IEA Director General Fatih Birol in an exclusive interview, marks a significant shift...

Financial Freedom: A Fallacy to Flee from Modernity’s Constraints

The core discipline of sociology emerged through its engagement with the social problems that surfaced in modernity. Not because prior social formations were closer to some ideal, but because human beings began to perceive themselves as subjects separated from their environment. This separation gave rise to ideals such as humanism and individualism, and enabled people...

EU China Trade: October Deadline and Retaliation Risk

The European Union has set an October 2026 deadline for China to make tangible concessions on bilateral trade imbalances, with European Commission President Ursula von der Leyen warning that the EU will retaliate if Beijing fails to meet the terms. The warning, issued in early July 2026, marks a significant hardening of the EU’s position...