The OPEC+ countries, which spent the last week arguing over the level of new production quotas in 2021, reached a brief agreement at a meeting on 3 December. According to the deal approved in April, OPEC, Russia and a number of other major oil producers are reducing production to balance the market...

With government across the European Union and other parts of the euro zone reimposing strict lockdown measures in their efforts to try and stop the spreading of a second wave of the novel coronavirus pandemic, there was a sharp contraction in economic and business activity in the euro zone last...

The official position of the United States on the question of digital taxation will be made clear by the incoming administration of Joe Biden within a period two months of taking over the White House, hopes the European Union, said reports quoting a source in the French Finance Ministry on Monday....

Japanese companies are threatening the country's government to export their production because the renewable energy industry is too underdeveloped. The move will be a forced measure: foreign partners are putting pressure on business. Representatives of several Japanese companies have complained to...

Canberra viewed the tariffs imposition as “part of a pattern of punitive trade measures” for Australia had called for “an independent inquiry into the origins of the coronavirus”. China imposed “anti-dumping tariffs on Australian wine” while Australia had a defiant reply saying diplomatic...

The drop came followed by the highest level ever touched in two years. On Thursday, November 26, 2020, bitcoin was at the lead for a “broad cryptocurrency” which dropped by “9.7% to $16,933”. The fall was preceded by the highest peak ever touched in two years earlier last week.  ...

Concerns related to vaccine distribution have brought back the pandemic situation under focus whereby highlighting some of the grim realities of the world. At the closing of the last week, Asian shares “stalled” close to “record highs” whereby reflecting the “renewed doubts” of the investors on the...

The closure of ski resorts in Italy due to the coronavirus pandemic threatens to cause losses of €20 billion, which will account for almost 1% of national GDP, the authorities of several northern regions of the country said in a joint note. Earlier, Prime Minister Giuseppe Conte stated the need for...

Oil giant Exxon Mobil has sharply worsened its commodity price forecast. As The Wall Street Journal writes, the American oil concern has made a forecast for the next seven years. According to the company, the impact of the coronavirus pandemic on commodity markets will continue for many years: we...