Profits at China's major industrial companies fell 12% in July, affected by an energy crisis, which was exacerbated by extreme weather, and rising geopolitical tensions with some of the country's major trading partners. Although the supply side was less impacted by confining measures compared to previous months, the crisis...
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World Bank President fears energy crisis will continue until 2023
The president of the World Bank, David Malpass, said that the crisis currently observed in the energy sector is a very present concern in his radar. According to Malpass, quoted by the portal "Isto é Dinheiro" this shock may "endure into next year". Malpass also mentioned the difficulties in the fertilizer sector related to the war between Ukraine and...