China’s finance minister has said that his country would continue to retaliate against the US if the Trump administration decides to impose more tariffs on Chinese imports.   In an interview with the new agency Reuters, the minister said China would respond "resolutely" to the "unreasonable"...

The number of Internet users in China exceeded 800 million, which is more than in the United States, Japan and Russia combined. Analysts say that the rapid growth of Internet popularity in China is stimulated not only by the online sales of goods and media content, but also by related industries,...

Europe is creating an independent payment systems and "systems more independent from SWIFT," said Foreign Minister of Germany Heiko Maas, opening a conference of ambassadors in the Foreign Ministry in Berlin. "Washington's sanctions policy forces us to seek a European response. Sudden adoption of...

The talks on trade between the US and China did not yield any results even as the trade war escalated with each country implementing new tariffs on each other’s goods worth $16 billion.   “We concluded two days of discussions with counterparts from China and exchanged views on how to achieve...

The face of Saudi Arabia changed for ever on 3 March 1938 when oil was found at Dharam. Earlier, the country was largely nomadic with a small tourism industry because of pilgrimages to Mecca.    The full scale of the oil reserves in the country took some time to become known. But things...

The US and China introduced preliminarily announced new restrictions on mutual trade, raising duties on supplies totaling $ 32 billion. Now Washington is preparing a new list of restrictions for $ 200 billion. In the event of such a scenario, Beijing promises to impose US imports by another $ 60...

DBRS finds the impact on European banks caused by Turkish exposure to be in a manageable scale. The DBRS, rating agency, informed earlier this week that the impact created on the capital of the banks of Europe that are “most exposed to the Turkish lira crisis” could be contained in a manageable...

Beijing retaliated the second round of US tariffs on Chinese goods worth $16 billion starting Thursday with its own set of tariffs on US products of the same amount.   This development comes amidst a meeting between the trade representatives of the two largest economies of the world in an...

The Venezuelan authorities continue to experiment on the country’s financial system. In the framework of the monetary reform, they conducted not only denomination, but also devaluation of a new currency, a sovereign bolivar. Its official exchange rate against the US dollar was reduced immediately...