Beijing has fulfilled the threat of responding to arrest of the Chief Financial Officer of Huawei. Chinese authorities have detained a former Canadian diplomat, who is now involved in politics. The arrest of Chief Financial Officer of Huawei Meng Wanzhou, who is also the daughter of the founder and...

According to OECD experts, pension systems should take into account differences in the life expectancy of different population groups. Such an approach would increase retirement age for those who expected to live longer: as a rule, these are people with high incomes. Those who earn little and,...

In a warning of sorts, US Trade Representative Robert Lighthizer has said that new tariffs will be imposed by the Trump administration on Chinese imports into the country if the US-China trade talks failed to yield any success by March 1 next year. This was defined as a "hard deadline" for the...

When a shale revolution took place in the USA a few years ago and American oil companies entered the world market, the oil-producing countries realized that America was serious and it would be impossible to negotiate a reduction in production. This can primarily be explained by specifics of the...

The drop in the largest crypto currency in the world bitcoin continued unabated as it fell through as much as 11 per cent during last week end. On the overall, the crypto currency has seen a total drop of 76 per cent in its value so far this year “The general market sentiment seems to be that...

Two US regulators called on the UK and the European Union to ensure transparency and stability when the kingdom leaves the bloc in order to minimize negative consequences for financial companies and markets, reports Reuters. The Chairs of the Commodity Futures Trading Commission (CFTC) and the US...

Innovative technological development is pushing traditional corporations towards venture investment. Europe is experiencing a “tech-hype” and expects to press Silicon Valley. This was discussed at the annual Slush start-up conference held in Helsinki. As noted in the report “The State of the...

The Bank of England governor, Mark Carney, has warned that a bad deal for Brexit could result in an increase of between 5 to 10 per cent in food prices in the United Kingdom.   If the Brexit is extremely disorderly, food prices can rise by 10 per cent and they can rise by about 6 per cent in...

The European Commission has developed a package of measures to increase use of the euro in strategic areas such as energy, commodities, and aircraft manufacturing, the Financial Times reported. It is assumed that the plan should reduce influence of the US dollar in procurement of energy raw...