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S&P upgrades Turkey's ratings to 'B+' from 'B' 05/07/2024

L'Occitane will buy back its shares for $1.8 bln and leave stock exchange 05/02/2024

The Sun: The UK sends the first deported migrant to Rwanda 05/01/2024

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Economics

The Korean problem is threatening the world trade

Economies of the United States, Japan, and Korea may pay dearly for the tense situation on the Korean peninsula. The volume of bilateral trade between the United States and the countries of the Asian region reached $ 1.3 trillion in the first half of this year - 52.5% of the country's total foreign...

Cashin On The Image of Trump Administration Fuelling The Investors’ Fear

The false rumour of Cohn’s exit couldn’t alone shake the stock exchanges, thinks Cashin. The veteran of Wall Street, Art Cashin, talking to CNBC, said that the rumour of the Chief Economic Advisor of President Trump, Gary Cohn, leaving his post, is not solely responsible for the Thursday’s drop of...

Egypt Pre-Registers Around ‘300’ Users Before Its First ‘Bitcoin Exchange’ Launch

Even though, bitcoin is not considered as “legal money in Egypt”, the Bitcoin Egypt’s Founders hopefully wait for some governmental regulations. In the later part of this month, Egypt will see its “first bitcoin exchange” coming into function, reported the Bitcoin Egypt’s Founder. As a result, the...

A Year Of Faster, Firmer Growth Seems Set For Global Economy

After rising at its most rapid pace in 2 1/2 years in the second quarter, the world economy looks well on its way to a year of faster, firmer growth. As long-time laggards Japan and the euro area perk up, the expansion is broad based. And economists say that because the gains are not...

Oil producers predict a boom in the market of electric vehicles

Total, one of the world's largest oil producers, believes that almost a third of new car sales will fall on electric cars by the end of the next decade. The groeing number of vehicles running on batteries will lead to a drop in demand for oil-based fuel in the 2030s, said Chief Economist for Energy...

The IMF Says The Debt Problem In China Needs To Be Fixed

The International Monetary Fund is issuing a strong warning over growing debt in the world's second-largest economy – China, even as the funds lauds the growth in the Chinese economy and says that the economy is looking good enough for the organization to raise its outlook. From the...

Trump's 'America First' Agenda Looms Large As NAFTA Talks Begin

The biggest uncertainty in the forthcoming NAFTA talks is whether a deal can pass President Donald Trump's "America First" test as the United States, Canada and Mexico kick off negotiations to modernize the agreement. Shuttering of U.S. factories and sending U.S. jobs to low-wage Mexico...

If U.S. Harms Trade Ties, It Will 'Take Action To Defend Interests', China Warns

At a time of heightened tension over North Korea’s nuclear ambitions, Trump's move, the first direct trade measure by his administration against China, is believed unlikely to prompt near-term change in commercial ties. The White House and U.S. industry groups say that China's...

As NAFTA Talks Start, Trump's NAFTA Autos Goals And The Auto Industry Set To Collide

Aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts, the Trump administration is starting renegotiations of the 23-year-old NAFTA trade pact this week but has set a collision course with the auto industry. U.S. President Donald Trump...

In Second Quarter, A Sweet Spot For U.S. Companies’ Earnings Is China

Corporate America is finding China to be a reliable source of profit growth this year even as trade tensions between Washington and Beijing may be running high. In recent weeks, many major U.S. companies have reported stronger second-quarter earnings and revenue from their Chinese...