Spain’s Trade Deficit Shrinks by 53% in February 2024: Implications for Economy and Unemployment

Spain’s Trade Deficit Shrinks by 53% in February 2024: Implications for Economy and Unemployment

According to INE data, Spain’s trade deficit has gone from 2,136 million euros in February 2023 to 1,001 million euros in February 2024. This reduction represents a reduction of 53% compared to the same period of the previous year and the lowest figure recorded since February 2020. This reduction in the trade deficit is largely … Read more

Copper wires produced in Russia are claimed as scrap metal in China

Copper wires produced in Russia are claimed as scrap metal in China

It has found that new copper wires produced in Russia are qualified as scrap metal shortly after arriving in China. According to the sources, the copper wires supplied by the Russian concern “Russian Copper Company” (KVK) are being crushed in the Xinjiang Uyghur Autonomous Region in northwest China, which borders Russia. Thus, copper wires, which … Read more

Albacete Companies Achieve Record-High Business Figures in the United Kingdom, Exports Reach €94.4 Million in 2023

Albacete Companies Achieve Record-High Business Figures in the United Kingdom, Exports Reach €94.4 Million in 2023

The business figures of Albacete companies in the United Kingdom reached an all-time high in 2023, with a total export volume to that destination of 94.4 million euros, which represents an increase of 42% compared to sales in the United Kingdom United last year. These records are three times those that happened 10 years before, … Read more

China to Increase Car Exports to the Russian Market, Avoids Building Factories in Russia: Impact on the Auto Industry

China to Increase Car Exports to the Russian Market, Avoids Building Factories in Russia: Impact on the Auto Industry

Instead of building factories in the Russian Federation, the Celestial Empire intends to use the Russian market to get rid of the oversupply of products from the Chinese automobile industry. China is not going to build factories in Russia. Instead of localizing its own production on the territory of the Russian Federation, the Chinese side … Read more

Turkish Exports to Russia Drop 33% in February Amid US Sanctions Threat

Turkish Exports to Russia Drop 33% in February Amid US Sanctions Threat

Exports from Turkey to Russia fell 33% year-on-year in February to $670 million, down from $1.1 billion last year. The threat of US sanctions against companies continuing to do business with Russia has forced Turkey to reconsider its trade with the Russian Federation. Turkish exports to the Russian market decreased in February up 33% year … Read more

Russian Exports Payment in Yuan Increases 86-Fold, Reaching 34.5%: Central Bank Governor Nabiullina

Russian Exports Payment in Yuan Increases 86-Fold, Reaching 34.5%: Central Bank Governor Nabiullina

The proportion of the yuan used as payment for Russian exports has increased 86-fold over the past two years, reaching 34.5% of the total export value. According to information from the Governor of the Central Bank of Russia The RIA news agency has published an interview with Elvira Nabiullina, Governor of the Russian Central Bank, … Read more

Top Vehicle Brands Disposed of, Decommissioned, and Exported in 2023: Ministry of Transport Data

Top Vehicle Brands Disposed of, Decommissioned, and Exported in 2023: Ministry of Transport Data

Have you ever wondered how many vehicles (cars, motorbikes, trucks, trailers, etc.) are sent to the scrap yard (i.e. ecologically disposed of), how many are decommissioned and how many are exported? The Ministry of Transport has provided us with interesting figures that will tell us which brands people got rid of the most in 2023 … Read more

China Surpasses Japan to Become the World’s Largest Car Exporter – Electromobility and Russian Invasion of Ukraine Impact Industry

China Surpasses Japan to Become the World’s Largest Car Exporter – Electromobility and Russian Invasion of Ukraine Impact Industry

The second most populous country is affected by the growing popularity of electric cars and the Russian invasion of Ukraine. Thanks to this, it will become the largest exporter of new cars for the first time in history, overtaking the hitherto sovereign Japan. He who laughs last laughs best. We probably all know this password. … Read more

Russian Tankers with Sokol Oil Stuck off Coast of India Due to US Sanctions

Five Sovcomflot tankers loaded with Sokol oil from Sakhalin are stuck off the coast of India. Russia began to experience problems exporting its oil to India after the United States intensified its sanctions policy against Moscow. According to Bloomberg, five tankers of the Russian shipping company Sovcomflot, loaded with Sakhalin oil Sokol, have stopped off … Read more

Unprecedented Bird Flu Outbreak in Brazil Kills Nearly 1,000 Dogs and Sea Lions

Unprecedented Bird Flu Outbreak in Brazil Kills Nearly 1,000 Dogs and Sea Lions

REUTERS | CNN Indonesia Saturday, 16 Dec 2023 22:50 IWST Jakarta, CNN Indonesia — Almost a thousand dogs and sea lions died from the plague bird flu that hit Brazil. The state of Rio Grande do Sul confirmed an unprecedented 942 marine mammal deaths. This report follows highly pathogenic bird flu (HPAI) infections, which were … Read more