The profits of China's industrial companies declined in July, reversing prior gains as new COVID-19 curbs reduced demand and reduced factory margins while production was threatened by power shortages brought on by heatwaves.   The National Bureau of Statistics reported on Saturday that the...

The OPEC+ alliance does not intend to reduce oil production in the near future. At the same time, there is a possibility that such a decision may be taken if oil from Iran returns to the world market, reports Reuters citing nine market sources. The agency notes that oil from Iran could return to...

Ukraine's economy should normalise this year and grow by up to 15.5 per cent in 2023, contingent to military developments in the country's war against Russia, the country's economy minister told the media in an interview.   Yulia Svyrydenko, first vice prime minister, said...

According to a Reuters poll, the latest recovery in European shares is set to stop and not reclaim end-of-year levels for more than a year, surmounted by concerns of an energy supply scarcity, slowing growth, and very high inflation.   The median forecast from an August 9-23 poll...

The German Economics Ministry does not believe that the aid package for the energy company Uniper has to be strengthened, according to Beate Baron, the ministry’s spokesperson. When asked if the ministry saw the need to increase help in light of the overall tense situation in the energy industry,...

According to Reuters, which cited an anonymous official of Joe Biden administration, the United States will unveil a new $3 billion military aid package for Ukraine on Wednesday, August 24. This will be the largest tranche for Kiev in six months. The aid program is expeted to arrive on August 24,...

Analysts explain this by anticipated good crop in the northern hemisphere, and the return of Ukrainian exports through Black Sea ports. Early in March, just after it was announced that Russia had begun its invasion in Ukraine, wheat prices globally reached new records. The price of U.S. wheat...

According to a survey released on Tuesday, business activity in the eurozone was down for the second consecutive month in August because of the cost of living crisis which forced customers to cut back on spending and supply disruptions continued to...

Large gas resources were found 160 kilometers off the coast of Cyprus in the Cronos-1 well, according to news releases from French TotalEnergies and Italian Eni. Eni announced the discovery of large gas resources in the Cronos-1 well, which was drilled in Block 6 at a depth of 2,287 meters and 160...