The increase in social spending and reduction of the tax burden will lead to an increase in the budget deficit of Italy to 2.4% of GDP in 2019. This figure is included in the new financial plan of the country, proposed by the government. Also, Italy intends to abandon the VAT increase from 2019....

Personal data of about 50 million users of Facebook have been hacked according to the largest social media platform of the world. Facebook said that the account of even its founder and CEO Mark Zuckerberg’s account was also compromised.   According to information released by Facebook,...

Italy is on a possible collision course with the European Union because it has agreed to a budget proposal to set the budget deficit target for 2019 at 2.4% of GDP. This decision has however been lauded by many leaders in the country.   Deputy prime ministers – Luigi Di Maio, the leader of...

Heads of some international corporations said that Donald Trump's tariff policy had already begun to negatively affect their business. According to Ford CEO Jim Hackett, his company's profits will decrease by $ 1 billion due to additional duties on the import of steel products in the US. BP CEO Bob...

Based on its presumption that the United States economy would have a good run for the next three years at least, the U.S. Federal Reserve again raised interest rates and carried on with its policy of slow but steady tightening of its monetary policy.   The benchmark overnight lending rate...

Following a request by the Argentine government, the International Monetary Fund (IMF) announced that it would increase the emergency bailout amount for the country from $50 billion to $57.1 billion. This was announced by the Finance Minister of Argentina, Nicolas Dujovne.    Dujovne...

A new report related to a possible no-deal Brexit in the UK claims that there would be risk of one in 10 British firms going bankrupt because of a delays of only half an hour at UK ports and the Irish border.   The report published by the Chartered Institute of Procurement and Supply (CIPS)...

The European Union is developing a new mechanism for payment that would allow companies and countries to trade with Iran and still avoid the US sanctions on Tehran, announced the block’s foreign policy chief. This announcement further illustrates the divide between the United States and its ally,...

A new 71 page paper released by China accused the United States under president Donald Trump of "trade bullyism practices" that have turned out to be "the greatest source of uncertainty and risk for the recovery of the global economy."   The paper was the written response from China to the...