Last week, the leader of the Venezuelan opposition Juan Guaidó told reporters that he ordered to stop the supply of oil to Cuba. He explained his decision by a major accident in the country's energy system, which led to de-energizing of most of the country. The explanation seems quite logical....

The Japanese government has, for the second time in the last three years, downgraded its headline assessment of its economy on Wednesday because of factors such as a cooling down of exports into China because of a slowdown in the Chinese economy. The Japanese government however refused to say that...

Australia’s share in coal supply in China is noticeably decreasing against the background of tougher inspections of imported coal by the Chinese authorities. Coal shipments from Australia to China in January 2019 fell by 19% compared with the figures for the same period a year earlier. This was...

The International Energy Agency (IEA) warned that a nationwide energy collapse of Venezuela, caused by the crisis, could lead to a "serious disruption" in the oil market. However, Saudi Arabia must have the capacity to offset production problems in Caracas. The IEA published its report at the very...

The results of a study that was conducted by a team of economists at leading American universities which was published earlier this week showed that the United States economy lost out on $7.8 billion in lost gross domestic product in 2018 because of the trade battles initiated by the US President...

China promised broad and wide ranging changes to its economic policy in order to arrest a sharper slowdown for the world's second-biggest economy. The Chinese Premier Li Keqiang said on Friday that reserve requirements and interest rates could be used by China to support economic growth.  ...

The US economy reported a slowdown in manufacturing in February, 2019 because of a slowdown in growth of new orders and amidst rising concerns among managers of increasing commodity prices.  This was the second straight month of drop in U.S. manufacturing output fell   There was a...

The Bank of Japan, following results of the two-day meeting, left the monetary policy unchanged, proposing a more gloomy assessment of exports and production and warning of growing external risks for the economy. As expected, the interest rate on deposits of commercial banks in the Central Bank was...

Malta has become another member of the European Union which is considering the possibility of joining China’s large-scale infrastructure initiative “Belt and Road”. “Certain prejudices” should not interfere with good business, said Malta’s Minister of Finance Edward Scicluna in an interview with...