A series of meetings on the fate of the OPEC + deal amid a slowdown in world oil demand due to the outbreak of coronavirus and a rapid drop in prices will begin on Wednesday in Vienna. The alliance will have to determine whether to respond to this challenge by strengthening production cuts and, if...

The Reserve Bank of Australia (RBA) lowered its key interest rate by 25 basis points to a record low 0.5% per annum to support the country's economy in the context of the spread of coronavirus. RBA chief Philip Lowe said the regulator could continue easing the policy. "The global spread of...

The outbreak of coronavirus has already affected all sectors of the Chinese economy. A sharp reduction in travel around the country and abroad has caused significant losses for airlines. If the epidemic is not tamed before April-May, the lost revenue of Chinese national air carriers can reach 100...

The negotiating mandate for talks with the European Union that has been recently unveiled by the United Kingdom for the Brexit talks is reportedly not what Brussels wants in a deal. The UK has said that it could even walk away form the deal if "good progress" was not made in the negotiations of the...

U.S. govt to open talks with Japan on access to titanium sponge for emergencies. U.S. President Donald Trump has decided that no action will be taken on imports of titanium sponge, a key component in military aircraft, following a Commerce Department investigation which found that such imports...

According to the World Travel and Tourism Council, a significant drop in spending by Chinese tourists because of the travel restrictions imposed on travelling to and from China as well as within China in order to prevent the spread of the deadly coronavuirus – now officially called COVID-19, will...

The collapse in the oil market continues. The coronavirus spreading around the world is crushing the market: the epidemic will lead to the shutdown of enterprises, lower fuel consumption and, naturally, a drop in demand for black gold. Experts believe that OPEC will intervene in the situation in...

Oil quotes continue to decline on Thursday morning after they reached lows in the last 13 months on Wednesday. They continue to be pressured by fears that the epidemic of the new coronavirus will adversely affect the global economy, and hence the demand for oil, explains Dow Jones. Vulnerability to...

After the United States president Donald Trump completed his two day visit to India, the White House has said that Trump and the Indian Prime Minister Narendra Modi have decidedly agreed to “promptly” end the current stage of ongoing negotiations on trade between the two countries which is hoped to...