Athena Yenko

Athena Yenko

The Latest

  • World’s Biggest Wealth Fund Braces For Trade War Impact After Missing Second Quarter Target
    Oil Refinery In Norway
    Norway’s Government Pension Fund Global, the largest wealth fund in the world at $1 trillion, failed to achieve its benchmark target for the second quarter. Trond Grande, the deputy CEO of Norges Bank, warned about the impact of trade wars on the fund’s performance as a long-term investor.
  • American Airlines Cuts Nonstop Flights From Chicago To Shanghai
    American Airlines
    American Airlines will remove nonstop flights from Chicago to Shanghai and will reduce flights from Chicago to Japan, citing unprofitability from rising fuel cost. On the other hand, the airlines saw a potential market with seasonal flights to several European destinations.
  • Malaysia And China Pledge Cooperation In Promoting Bilateral Ties
    Malaysia's Prime Minister Mahathir Mohamad and China's Premier Li Keqiang
    Malaysian Prime Minister Mahathir Mohammad described his five-day visit in China as “fruitful.” He met with China’s premier Li Keqiang and President Xi Jinping to discuss important financial decisions he needed to make.
  • China Joins Russia’s Largest Military Drills In The History Of The Soviet Union
    Russia's Foreign Minister Sergei Lavrov and China's Foreign Minister Wang Yi
    China confirmed its participation in Vostok-2018 military drills which is the biggest war games in the history of Russia according to Russian Defense Minister Sergei Shoigu. China agreed to send about 3,200 Chinese military personnel and about 900 of its military weapons.
  • Palau Tourism Feels Punch Of China, Taiwan Rift
    Palau Airport in Koror
    Palau has endured the effect of China’s restriction of tourists groups traveling to the island nation. Empty hotel chains and restaurants were now a common sight in the archipelago.
  • China’s Cash-Rich Millennials Drive Prada, Louis Vuitton Investments In The Country
    Prada Factory In Italy
    The Chinese millennials, whose shopping behavior is not affected by the economic slowdown, have managed to attract various luxury brands to set up stores in second-tier cities in the country. Aside from luxurious shopping, these young consumers have also been brought change to the tourism industry of Paris.
  • In Photos: Tears And Joy As South, North Korean Families Reunite After Separating Since 1950s
    South, North Korea Reunion
    Tears and joy filled the historic reunion between South and North Korean families after more than 60 years. Most of the participants were already old and feeble, some have medical conditions but gathered all strength to participate in the once in a lifetime moment.
  • Geely, Proton Enter Joint Venture To Sell And Assemble Cars In China
    Geely Automobiles
    Zhejiang Geely Holding Group and Malaysian car manufacturer Proton Holdings Bhd announced a joint venture on Aug. 20. Investors and car industry analyst received the news with optimism, saying that it benefits Proton greatly in terms of global expansion.
  • Vladimir Putin Projects $100 Billion Trade Revenues Between China-Russia Relations
    Vladimir Putin
    Russian President Vladimir Putin met with Yang Jiechi, the Director of the Office of Foreign Affairs of the Communist Party of China. During the meeting, Putin said he expects $100 billion trade turnover between Russia and China by the end of 2018.
  • Maersk CEO Believes US Economy Will Suffer More As Trade War Escalates
    Maerks
    Soren Skou, the CEO for A.P. Moller-Maersk A/S, believed that the United States will suffer more compared to other countries as the US-China trade war continues. Skou was more concerned if the tariffs on consumer goods take effect because this might decrease consumer demands.
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