Oil production in the largest oil and gas producing regions of the USA, a significant part of which is shale oil, will decrease by 56 thousand barrels per day, or 0.7%, to 7.49 million barrels per day in August compared with July, the US Energy Information Administration expects. The largest...

Companies around the world may increase corporate debt to $ 1 trillion in 2020, trying to strengthen their financial situation in the context of the coronavirus pandemic, according to an analytical report by financial holding company Janus Henderson. “COVID has changed everything. Now it’s about...

Analysts at App Annie found that the time spent in mobile applications grew by 40% in the second quarter, which saw the peak of quarantine measures in many countries. In average, over the month of this quarter, users from all over the world spent a record 200 billion hours in various applications....

Iran has reduced oil production to a minimum over the past 40 years amid nearly full storage facilities due to consequences of the novel coronavirus pandemic and a drop in oil exports, Reuters reported. "Iran has reduced oil production to its lowest level in four decades, since storage tanks and...

An improved offer will be made by Argentina to its creditors while also urging them to extent the negotiations for restructuring of its debts worth about $66 billion through the end of August. This was said by the Argentine President Alberto Fernandez during the weekend,   "The new offer...

A “truly European” payments system is expected to be up and running in 2022, said about 16 banks from across the European Union. The aim is to forward the process of digitization in a region where almost half of the transactions in retail purchases are done through cash.   Creation of a home...

Ministry of Finance of the Federal Republic of Germany is developing a bill to reduce the tax burden for a total of €42.5 billion inclusive until 2024, the Handelsblatt publication reports with reference to the bill that fell into the disposal of the publication. According to the publication, the...

With China and the U.S. moving ahead in their space technology, the EU feels the pressureto “keep up” and decides to for the first time to spend from its budget. The European Union decides to invest more on “rocket launches, satellite communication and space exploration”. This move is being made to...

Since the end of March, the cost of Arabica coffee futures fell by 16% - this is the strongest quarterly drop in five years. Experts see the reason for this in investors' fears of a decline in coffee consumption amid the novel coronavirus pandemic and in a change in demand patterns. The current...