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Qatari sheikh's family office to invest $8.8bn to create financial hub in Maldives 05/06/2025

Non-U.S. Filmmakers Face Steep Costs and Disrupted Plans Under Trump’s 100% Foreign-Film Tariff 05/06/2025

Netanyahu pledges to answer the Houthis and Iran for the attack on Tel Aviv airport 05/05/2025

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Economics

Venezuela Could Seek New Destinations For Its Crude Under US Sanctions

According to oil traders and the media, Venezuela would be forced to send more of its crude oil to refineries in China, India or other Asian countries because of the potential U.S. sanctions on the crude oil exports of the country which is expected to cut off the country’s access to the refiners in...

Bears are going back to market

On Tuesday, the first significant decline in the indices of US stock exchanges was noted in the new year. Nervousness passed on to yesterday's trading in Asia and Europe. Analysts suggest that investors are still disturbed by the slowdown in the global economy and the trade war between China and...

Wealth Of Wealthy Grew By $2.5 Billion/Day While That Of Poorest Declined Globally

The fight against poverty globally is being undermined by the growing gap between rich and poor and it is also damaging national economies and triggering public anger across the world, concluded the new global wealth and inequality report from Oxfam titled “Public Good or Private Wealth”. ...

Investors Getting Positive About Chinese Economy Following Some Encouraging Signals

There are apparently some positive signs for the Chinese economy after the second largest economy of the world churned out some worry some indicators earlier this year. Some experts are becoming more optimistic about the Chinese economy for 2019 following the rising possibility of a even a...

ETF funds are increasing investments in gold

The total assets of funds investing in gold have updated the five-year maximum, exceeding the mark of 2.25 thousand tons. Uncertainty about prospects for the world economy in 2019, as well as expectations of a slowdown in the rate of growth of the Federal Reserve System (FRS) are forcing investors...

IMF: Global economy is weakening

The International Monetary Fund (IMF) in its January macro-forecast once again lowered expectations for the growth of the world economy in 2019 and 2020, to 3.5% and 3.6%, respectively. In the past, the October forecast, the fund indicated that trade wars had the most negative impact. Now, however,...

EU-Wide Tax On Digital Revenues Within Arm’s Reach

The French Finance Minister informs that the global giants of digital sector could expect EU tax by the end of March. According to an interview of the Finance Minister of France, Bruno Le Maire, which was published on Sunday, January 20, 2019, the leading digital companies of the world could expect...

Fewer Options Available To Central Bankers To Respond To Next Recession

The central banks of the world might not have the resources to fight a serious recession. During the last financial crisis, dramatic and unorthodox steps were taken by the central banks to prevent economic collapse. The measures included slashing of interest rates and expended...

Fidelity Intl Believes Chinese Stocks Now Are 'Very, Very Attractive'

Global investment house Fidelity International has predicted that one of the best places to invest in Asia in due is China and its valuation as described as "very, very attractive" despite an apparent slowdown in the economy of the country. Chinese economy, the largest in Asia and the...

Wealth-X: Europe shows the fastest growth in millionaires number

Last year, the number of wealthy people rose by 1.9% to 22.4 million worldwide (from $ 1 million to $ 30 million), according to a report by research company Wealth-X. The total amount of their capitals increased by 1.8%, to $ 61.3 trillion. The most active growth of millionaires last year was noted...