In January-March, GDP of the city increased by 1.2% compared with the same period last year, according to the final data of the government. A preliminary estimate of growth was 1.3%. According to revised data, in GDP grew by 1.3% Q4 2018. The growth of the economy in the first quarter was minimal...

JPMorgan noted that the actual price of Bitcoin significantly exceeded its “production price”. In 2017, this phenomenon was followed by a collapse. The price of Bitcoin jumped higher than its intrinsic value, and this is reminiscent of 2017, when a leap was followed by a collapse, Bloomberg said...

Austrian Chancellor Sebastian Kurz announced termination of the coalition of the Austrian People’s Party with the ultra-right Freedom Party after the party leader Heinz Christian Strache resigned as vice-chancellor and chairman of the political association because of a loud media scandal. “Give it...

The United States abolished protective duties on imports of steel and aluminum from Canada and Mexico, thus removing the main obstacle to ratifying the renewed USMCA free trade agreement in North America. Also the US Ministry of Trade on Friday reported that the decision on duties on the import of...

US President Donald Trump on Friday declared that some imported vehicles and parts pose a national security threat but delayed a decision for as long as six months on whether to impose tariffs to allow for more time for trade talks with the European Union and Japan.    The...

In a poll of economists posted by Reuters, the majority of the respondents opined that the risk of an recession in the United States has been increased by the U.S.-China trade war over the last month. The economists also said that there is a 40 per cent chance of a US recession happening in the...

The US government has postponed an impending decision on the whether or not to impose additional tariffs on foreign made cars and car parts by a period of six months. According to reports, the decision was to be taken this Friday. Sources quoted in the media said that the move to postpone the...

Foreign direct investment in mainland China in January-April increased by 6.4% over the same period last year and amounted to 305.24 billion yuan (about $ 45.14 billion), according to the data of the Ministry of Commerce of the PRC. In April, foreign direct investment in China grew by 6.3% in...

The trade war between the United States and China was described as "a little squabble" by the US president President Donald Trump on Tuesday while also stressing the there was no collapse of the negotiations on trade between the two countries.   The global markets however remained concerned...