In a speech broadcast live on Iranian state TV on Tuesday, Iran President Hassan Rouhani literally challenged the United States over its attempt to stop Iran from exporting oil, and said that Tehran would continue to export oil despite the pressure from Washington. The latest round of sanctions on...

Economists inform that the Indian consumers may need to brace themselves to experience a “painful” increment in fuel prices. The soaring price of oil at a global platform could be a looming challenge for the new government of India to tackle. India is carrying out an election while the country has...

The enforcement mechanisms that would guide the implementation of a trade agreement between the United States and China is pivot that a trade pact that would end the trade war between the largest two economies of the world.   US negotiators are set to visit China to iron out the various...

Tight labour market, less capital investment, and reduced productivity could affect the efficiency of Britain’s economy. The prolonged Brexit journey is proving injurious to the “fifth largest economy” of the world as it faces “dwindling company investment”, growth hindrance from productivity and...

While claiming that the Belt and Road Initiative (BRI) of China, with its massive infrastructure and trade opportunities, would be able to offer “high-quality” growth for all participants, the country’s President Xi Jinping said that the project must be green and sustainable.   There has...

Net profit of German chemical and pharmaceutical concern Bayer AG declined in Q1 by 36.5% in annual terms to € 1.24 billion. Earnings per share amounted to € 1.27 against € 2.22 a year earlier. The company's revenue grew by 42% to € 13.015 billion, reports Bayer. Revenue growth is mainly associated...

Economists and scientists have long used different data to estimate inequality. The Gini coefficient, one of the most famous such indicators, was invented in 1912. It shows the degree of social stratification, usually in terms of annual income. However, some countries, such as Australia and the...

Tesla is going to launch an unmanned taxi service in 2020. This was announced by the company's founder Elon Musk during a meeting with investors. Elon Musk said that by mid-2020, more than a million Tesla cars would be fully self-driving, reports The Wall Street Journal. The founder of Tesla...

Energy consumption in the United States in 2018 exceeded previous record reached in 2007. The total energy consumption for the year increased at the maximum rate over the last 8 years. According to the Energy Information Administration (EIA) at the US Department of Energy, energy consumption in the...