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Amazon to lay off 14,000 corporate employees 10/29/2025

Japan’s Energy Calculus: PM Takaichi Rebukes U.S. Request to Shun Russian LNG Imports 10/30/2025

How the Trump Family Turned Political Power into a Global Crypto Empire 10/29/2025

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Economics

Banks are worried about GE's $ 41 bln credit line

So far, the company has borrowed only $ 2 billion, Bloomberg writes. According to the latest quarterly report, GE has almost $ 41 billion in credit lines, which it can use. If the company fully uses the funds provided under the two main credit lines, the resulting amount will be the largest for any...

A Possible Market Decline Next Year, Says Bank Of America

The Bank of America Merrill Lynch is of the opinion that tightening of credit conditions and slowing down of earnings could result in stocks stall out next year. "We believe the peak in equities is likely before the end of 2019," wrote Savita Subramanian, equity and quantitative strategist...

US and China raise trade barriers to new heights

The introduction by the US and China of protective duties on mutual deliveries led to a sharp increase in the volume of imports subject to new trade restrictions. In just the past six months, this figure has increased six times, to $ 481 billion, the World Trade Organization (WTO) calculated....

Investor Worries Over Khashoggi Murder Puts Saudi Arabia's New Economy At Threat

The economic dream of the Saudi Arabian Crown Prince Mohammed bin Salman for the kingdom of a diversified economy that is not dependent on oil and some of the largest of companies coming to the country to set up businesses is under threat because of the killing of journalist Jamal Khashoggi....

China Again Accused Of Unfair Trade Practices By The US

While the United States president Donald Trump and his Chinese counterpart Xi Jinping are set top seen meet on the sidelines of the G20 summit in Argentina and discuss trade tensions, the US continued to throw salvo at its former largest trading partner by claiming that Beijing has been unable to...

Evicting China From WTO Is A Possibility, Though Least Desired: US Adviser

It is possible that the United States would push for "evicting China" from the World Trade Organisation (WTO), according to media reports quoting one of President Trump's top economic advisers. China had "misbehaved" as a member of the WTO, said Kevin Hassett chairman of the president's...

European lawyers call to protect whistleblowers

Lawyers insist that this measure will help avoid the scandals associated with money laundering, similar to the history of Danske Bank. The European Union must harmonize its legislation on the protection of whistleblowers with the United States in order to avoid major scandals like the one in which...

IMF Says Italy’s Stimulus Agenda ‘Transform A Slowdown Into A Recession’

IMF recommends to cut down on spending and to consider a “modest” financial consolidation. The International Monetary Fund cautioned that the stimulus plan of Italy for fiscal year may open the vulnerable door for the country to usher in “higher interest rates” ultimately pushing the country into...

Bitcoin Still Far From Being Considered A Payment Currency

According to data from blockchain researcher Chainalysis, there has been a drastic fall in number of instances of the digital currency bitcoin being used as a means of commercial payments in 2018 even though the crypto currency has been able to attain stability which is one of the most important...

May's Draft Brexit Deal Is Better Than No Deal, Says Rolls-Royce Chief

The chief of engineering giant Rolls-Royce said that a "practical plan" for Brexit needs to be supported by politicians. Any deal with the European Union was better than a no deal Brexit because time to strike a deal is running out, said Warren East, chief of Rolls-Royce. ...