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...

The already existing strategic alliance between India auto company Mahindra and the US car maker Ford is being strengthened.   The companies have recently signed an agreement to jointly develop a midsize Sports Utility Vehicle (SUV) aimed at the Indian and other emerging markets. A Mahindra...

According to media reports that painted a rosy picture for the trade talks between the United States and China, both the parties are trying to reach a deal by early-May and hence they are scheduling more face-to-face meetings between the trade representatives of the two countries. If a deal is...

New rules aimed for offering better protection for the employees in the so called "gig economy" has been approved by the European Parliament.   For those employees working in those "on-demand" jobs, such as at Uber or Deliveroo, have been granted a set of minimum rights while also mandating...

Despite the slowdown in economic growth around the world, the luxury market continues to grow. According to Deloitte, revenue of the largest companies in the luxury segment in fiscal 2017 increased by 10.8% to $ 247 billion. Such high rates occurred thanks to the younger millennials and the Z...

The European Commission will allocate additional funding for the construction of the Baltic Pipeline, which will connect Poland, Denmark and Norway. An agreement on a grant for this project in the amount of almost 215 million euros was signed on Monday, April 15, in Brussels in the presence of Vice...

PDVSA, the state oil and gas company of Venezuela, continues to supply oil to Cuba after the introduction of new US sanctions in early April, Reuters reported, citing documents of the company itself and data on tanker movements. According to the agency, tanker Trident Hope with 600 thousand barrels...

Following the opening up of some industry sectors to foreign companies by China earlier this year, there are a number of foreign companies such as Generali and Prudential Plc are holding entry level negotiations for entering the Chinese private pensions sector, reported Reuters quoting people with...

At the height of the middle class in 1985, its total income was four times more than that of the richest population. Three decades later, it fell to less than three times the difference. Incomes of the middle class grew slowly during this period, while the cost of housing, education and medical...