The gap between rich and poor is growing in many countries and economists are studying the consequences of this process. Experts of the IMF, whose spring session begins in Washington, are also participating in the studies. The view of economists is turned to figures, so most of them do not see...

The new regulations in the auto segment announced by China is likely to benefit automakers like Elon Musk but at least one investment by Warren Buffett – the American business magnate, would be hurt.   China has announced the abolition on the caps for foreign ownership for manufacture of...

On Wednesday, oil prices in the European market soared to three-year highs. Thus, the cost of North Sea oil Brent was fixed above the level of $ 73 per barrel. There is a bullish game against the background of destabilization of the situation in the Middle East, as well as data on the decline in...

U.S. President Donald Trump would probably fid it tough to get the world's largest economy back into the Pacific trade deal even as he has reportedly expressed his intention to take another look at the deal. Last year, he had withdrawn the U.S. from that deal soon after becoming the president....

Soft monetary policy in the EU and budget stimulation in the US and China will be supporting high growth rates of the world economy for another two years. Since 2020, the growth rate will begin to slow down, the International Monetary Fund (IMF) forecasts in its April review. Forecast of global...

In five years, China will remove all restrictions on participation of foreign capital in enterprises of the country's automobile industry, the State Committee for Development and Reform of China reported. "In 2022, all limits on the share of foreign share capital in passenger car manufacturing...

Growing protectionist sentiment in the world are increasing risks and uncertainty for the global economy, Chinese President Xi Jinping said at a meeting with Klaus Schwab, the founder of the World Economic Forum (WEF) in Davos, on Monday. "Anti-globalization ideas and protectionist sentiments are...

Energy output fails to offset goods production slump resulting in weaker euro-zone industrial production in February. As per data revealed on Thursday, April 12 2018, the industrial production of the euro-zone under performed in the month of February than it was “expected”. The reason behind this...

At a meeting in March, representatives of the European Central Bank (ECB) expressed concern about the threat of a full "trade war" with the United States and the potential negative consequences of strengthening the euro. This is written by Reuters referring to the minutes of the meeting. At a...