The pound sterling fell by more than 1% after the British Minister for Brexit Dominic Raab announced his resignation, according to CNBC. In a letter to British Prime Minister, Raab stated that he could not agree to the terms of the Brexit agreement she proposed. This is expected to increase...

The Chinese economy is still far from a transition to domestic demand as the main source of growth, as well as from refraining from excessive investment in infrastructure, and from reducing social inequalities in the country, the International Monetary Fund (IMF) report says. Rebalancing of...

According to an article published in the German trade publication Automobilwoche, Volkswagen Chief Executive Herbert Diess said that the German car maker is getting its electric vehicle platform and battery procurement plans are being set to meet a production target of 50 million electric vehicles....

Despite the growing popularity of renewable energy sources, oil and gas will remain the main energy sources until 2040, according to a report by the International Energy Agency (IEA). Demand for oil as automotive fuel will begin to fall from the mid-2020s, but other forms of transportation and...

They are building up stocks in the hope that the escalation of the trade conflict between the United States and China will weaken, opening the Chinese market for them. American farmers, already harvesting soybeans, are in no hurry to sell it, preferring to increase stocks in warehouses. They expect...

Efforts of the President of the Bolivarian Republic to curb price increases are clearly failing. The staggering growth of prices is also observed after the government of the Bolivarian Republic held a denomination, issuing a new currency, the "sovereign Bolivar". Its cost is 100 thousand "old"...

The main reason for the slowdown in inflationary dynamics since the mid-2000s in transition economies was internal factors and a more systematic monetary policy of regulators, and not the influence of external conditions and the process of globalization, says the International Monetary Fund (IMF)...

According to an estimate by Goldman Sachs, there can be a global shortage in the oil industry in the 2020s because “nobody is allowed to fully invest in future oil production.”   Goldman Sachs’ head of EMEA natural resources research, Michele Della Vigna said to a television channel about...

While Italy and the European Union remain in a deadlock over the proposed budget by Rome, analysts are of the view that more importance needs to be given to the markets.   In a recent finding and calculation by the EU have indicated that the speed of growth of the Italian economy in the next...