Even if there is no global accord on the so-called ‘web tax’, levies on digital companies and services would be imposed by the European Union, said the Commissioner-designate for Economic Affairs Paolo Gentiloni.   “My first task will be to see whether it is possible to introduce a web tax...

Donald Trump has allowed use of oil from the US strategic reserve to support the market. "I allowed use of oil from the reserve in volumes that should be enough to maintain a normal level of supply to the markets," his tweet reads. In addition, US President said that he had instructed relevant...

Additional import tariffs on some agricultural products from the United States will be exempted by China as a part of the grueling trade war between the two countries, claimed a report by China's official Xinhua News Agency on Friday. Earlier in the week, China had announced exemption of additional...

Head of the European Central Bank (ECB) Mario Draghi announced new monetary easing measures. In particular, the regulator will further reduce the already negative deposit rate, and will resume the quantitative easing program from November this year. The volume of asset repurchases per month is € 20...

A significantly large new bond-buying program was announced by the European Central Bank (ECB) on Thursday with the aim of reviving the struggling economy of the euro zone.   The central bank would be spending 20 billion euros ($21.9 billion) per month of net asset purchases under the...

It is possible that recession could hit the biggest European economy – Germany, in the third quarter, said the Ifo Institute for Economic Research, which has also cut its forecast for the economy for 2019. This is the latest forecast that casts a gloomy picture about the economic revival of the...

The Chinese authorities are stepping up measures to stimulate the economy to prevent the subsidence of business activity due to trade confrontation with the US. The country's Central Bank has further reduced the required reserve ratio, which will increase lending to the somewhat slowing Chinese...

The spillover benefits of the trade war between the United States and China is likely to result in another growth in the gross domestic product (GDP) of Vietnam which has been a steady economic out performer in Asia. The country has also discovered that its economy was already larger than was...

According to a study conducted by experts from the IMF and the University of Copenhagen, about $ 15 trillion of foreign direct investment is fictitious, and their only goal is to minimize tax deductions from companies, not to support productive activities. This amount is almost 40% of the total...