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Transatlantic Energy Tensions Surface as Washington Pushes Back on EU Climate Rules 12/15/2025

State Capitalism Recast as Security Policy in Washington 12/15/2025

Cooling Inflation Masks a Deeper Strain as High Costs Keep Pressuring American Households 12/13/2025

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Economics

Venezuela pays no attention to sanctions and supplies oil to Cuba

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...

Foreign Firms Seeking Entry Into Pensions Business In China Worth $1.6 Trillion: Reuters

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...

OECD: Middle class in the USA and other countries is declining

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...

India To Remain Fastest Growing Major Economy In 2019 And 2020: IMF

The International Monetary Fund (IMF) has predicted that the Indian economy would remain the fastest growing major economy of the world for 2019 and 2020 with projected growth rate of 7.3 percent for 2019 and 7.5 percent for 2020. This growth would be driven by continued recovery of investment and...

Trump Threatens Tariffs On European Wine And Cheese

The United States president Donald Trump has threatened to impose higher tariffs on import of French wines and cheese in addition to a number of other goods such as includes aircraft and motorcycles. The US administration could impose tariffs on all of the goods potentially sometime later...

Asian Stock Market Tumbles By 0.3% After Touching Eight-Months Peak

The gapping disparity between the sluggish global economic growth and the strength of global shares grows wider. On Wednesday, April 9, 2019, the share market of Asia saw dip from its “eight-month highs”, as the tariff tension between Europe and the U.S. increased and the IMF toned down on “global...

France Puts Conditions On May’s Brexit Delay

A draft shows that the bloc may sanction a second Brexit delay with certain conditions on the U.K. The leaders of EU are going to allow the U.K. PM to avail a second Brexit delay, although they might push the latter into accepting “a much longer extension” as France is pushing to put forth...

China Seeking To End Bitcoin Mining In The Country

Bitcoin mining is being sought to be banned in China by the state planner of the country. Reports based on a draft list of industrial activities that the agency has drawn up which it wants to stop stated that this was the latest signal of pressure that the cryptocurrency sector in the country was...

IMF Report Says Delicate Moment Being Faced By World Economy

The world economy is a "delicate moment" according to the chief economist of the International Monetary Fund Gita Gopinath. While a global recession is not being predicted by Gopinath, she said that "there are many downside risks". According to the regular assessment of the World Economic...

US-China Could Reach A Trade Deal In 4 Weeks: Donald Trump

The United States and China could announce a trade deal as early as in four weeks as the two parties are close on finalising it, said the US president Donald Trump. China has said that continuing trading with the US would be very difficult without a formal trade agreement. The two...