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Iranian Foreign Minister urges other countries to abandon the dollar 06/11/2019

Study: Machine learning is five times more harmful for the environment than a car 06/11/2019

Novartis Executive Named As Sanofi’s C.E.O 06/14/2019

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Economics

EU Trade Chief says Ball in U.S. Court to Start Trade Talks

Even though there has been some progress in the talks between the European Union and the United States which is aimed at averting the US from imposing a punitive import tariff on EU made cars, the ball lies squarely on in the court of the US on whether to come to an agreement with the EU on a broad...

China stops buying Iranian oil because of US sanctions

China and a number of other countries refused to buy Iranian oil for fear of falling under US sanctions, The Wall Street Journal reported, citing sources from the Iranian oil sector. The United States, which had previously discontinued participation in the agreement on the Iranian nuclear deal,...

It Is Not Possible To Ignore The Growing Alternative Protein Industry

The market for alternative proteins – known by different names such as "plant-based" and "alternative” proteins, is seemingly immense and is slowly turning out to be a growing movement in large parts of the world. . According to GreenBiz ally Andrew Beebe of Obvious Ventures:...

Brexit Could Potentially Be Injurious To British Steel Sector

“Brexit will not improve the situation for the steel sector but it has the potential to cause a great deal of damage”, says the director general of the “Trade Association UK Steel”. The Director General of the Trade Association UK Steel, Gareth Stace write that the difficulties that have come on...

Global Economy Shrouded In ‘High Degree of Uncertainty’: BoJ Governor Ahead of G20 Meet

Downside risks gaping wide as Brexit worries, trade wars, currency depreciation engulf the economy across the globe. The governor of Bank of Japan, Haruhiko Kuroda stated on Monday that the world economy stands at “highly uncertain” position which exhibit “downside risks” because of a couple of...

New IMF study recommends expanding tax collection, rather than increasing tax rates

Most of the tax reforms in OECD countries, regardless of their schemes, have shown a positive effect on macroeconomic stabilization in the last 40 years. Expansion of the direct and indirect taxes bases and increase in their rates improved resilience of economies to shocks, the IMF study says. But...

Russia Launches Nuclear-Icebreaker To Strengthen Its Arctic Trade Route

The Arctic promises undiscovered oil reservoirs, and as the climate turns warmer with the year, Russia prepares to the “Northern Sea Route” all around the year. On Saturday, May 25, 2019, Russia launched an icebreaker which will be powered by nuclear energy. This move comes under an ambitious plan...

US Trying To Invade Chinese Economic Sovereignty: Chinese State News Agency

China has reacted sharply against the call by the United States to the Chinese government to invest less in the development of its state-owned companies. China has called this US demand to be an “invasion” on its economic sovereignty, according to the Chinese state news agency Xinhua. The...

Cost To US Households $100bn A Year Due To China Tariffs, Estimates NY Fed

The economic costs of the trade dispute with China for the United States was highlighted in a recent research report published by the New York Federal Reserve which claimed that American households would have to incur losses of about $106 billion a year because of the latest round of the increased...

New Modi Govt. In India Would Ease Some Business Policies, Hope Foreign Investors

Foreign companies want the incumbent Indian Prime Minister Narendra Modi to soften the protectionist position that the Indian government had taken last year even as they welcomed his election victory because it gives political stability. A number of large foreign investors have been...