In a move that has the potential of strengthening the position of China in its trade spat with the United States, the country has announced slashing of import tariffs for five Asian countries.   China's commerce ministry said that large exporters to China – India and South Korea, as well as...

In response to accusations of restricting activities of foreign companies on the domestic market, the Chinese authorities promised not to dwell on tariff cuts agreed upon when joining the WTO in the new trade strategy and to additionally cut duties on 1,400 commodity items from July 1. In addition,...

The inclusion of crypto index in the FRED database signals the maturity of them. Recently crypto-currency was added into the “Federal Reserve Economic Data” or FRED’s database. The above mentioned step of “Federal Reserve Bank of St. Louis” may appear to be a “small gesture”, while it indicates...

With the growing demand of energy in India, the country ties up with American and French experts to create the “biggest” of its kind plant. EDF, a “French Utility”, along with GE have consented to jointly create “six reactors” as a project on nuclear power. The reactors will be located in the...

Ten years of international trade re-structuring efforts are being undermined by the introduction of “barriers”. The IMF stated that the timings of the U.S. imposition put on “import duties” coupled with “counter measures” of other countries are quite “frustrating”, for this should have been this...

Only an active state policy on the labor market is capable to partially compensate for the negative trends associated with population aging and production automation in developed countries, the IMF's working report says. In practice, fight for employment should mean both an additional investment in...

India is going through the most severe water supply crisis in history: about 600 million people face water shortages on a daily basis, the government's analytical center said. The report of the National Institute of Transformation of India (Niti Aayog), which relies on the statistics of 24 out of...

Following the coming into force of retaliatory tariffs by the European Union against American products last Friday on a range of American products imported into the bloc including bourbon whiskey, Levi’s jeans and Harley-Davidson motorbikes, the new threat of fresh tariffs on European cars was...

The biggest economic risk to the eurozone is posed by the ongoing tensions over international trade, claimed the managing director of the International Monetary Fund.    Christine Lagarde, managing director of the IMF told reporters in Luxembourg, that despite the fact that the...