The European Commission will allocate additional funding for the construction of the Baltic Pipeline, which will connect Poland, Denmark and Norway. An agreement on a grant for this project in the amount of almost 215 million euros was signed on Monday, April 15, in Brussels in the presence of Vice...

PDVSA, the state oil and gas company of Venezuela, continues to supply oil to Cuba after the introduction of new US sanctions in early April, Reuters reported, citing documents of the company itself and data on tanker movements. According to the agency, tanker Trident Hope with 600 thousand barrels...

Following the opening up of some industry sectors to foreign companies by China earlier this year, there are a number of foreign companies such as Generali and Prudential Plc are holding entry level negotiations for entering the Chinese private pensions sector, reported Reuters quoting people with...

At the height of the middle class in 1985, its total income was four times more than that of the richest population. Three decades later, it fell to less than three times the difference. Incomes of the middle class grew slowly during this period, while the cost of housing, education and medical...

The International Monetary Fund (IMF) has predicted that the Indian economy would remain the fastest growing major economy of the world for 2019 and 2020 with projected growth rate of 7.3 percent for 2019 and 7.5 percent for 2020. This growth would be driven by continued recovery of investment and...

 The United States president Donald Trump has threatened to impose higher tariffs on import of French wines and cheese in addition to a number of other goods such as includes aircraft and motorcycles. The US administration could impose tariffs on all of the goods potentially sometime later...

The gapping disparity between the sluggish global economic growth and the strength of global shares grows wider. On Wednesday, April 9, 2019, the share market of Asia saw dip from its “eight-month highs”, as the tariff tension between Europe and the U.S. increased and the IMF toned down on “global...

A draft shows that the bloc may sanction a second Brexit delay with certain conditions on the U.K. The leaders of EU are going to allow the U.K. PM to avail a second Brexit delay, although they might push the latter into accepting “a much longer extension” as France is pushing to put forth...

Bitcoin mining is being sought to be banned in China by the state planner of the country. Reports based on a draft list of industrial activities that the agency has drawn up which it wants to stop stated that this was the latest signal of pressure that the cryptocurrency sector in the country was...