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Novartis to acquire US rare disease drug developer for $12 billion 10/27/2025

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

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Economics

Is it possible to shake the dollar’s positions?

The dollar has been the main world currency for more than 50 years. But experts do not exclude that his positions may weaken. What and who can deprive the dollar of its current status? If a currency’s stability is directly related to trust in the issuer, then the US dollar position is not the best...

Recovery Continues For Turkish Lira Even As Its As Finance Chief Tries To Calm Markets

Just before a scheduled conference call between the finance minister of Turkey and international investors. The country’s falling currency lira continued on its recovery journey providing some relief to one and many. There was a rise of 2.5 per cent in the price of the currency against the...

CNBC: Italy is a greater threat to European banks than Turkey

The ECB expressed concern that the current monetary disturbance in Turkey may create problems for European financial institutions. Yet, there is one more threat for the banking industry in the region. It is Italy and its future, reports CNBC. "The situation in the country... in the next few months...

Acute shortage of new buildings affects US market

In the coming months, a large drop in introduction of primary housing, associated with a reduction in construction permits, is expected. Such measures will inevitably lead to a growing housing deficit throughout the United States. According to a joint report of the US Census Bureau and the...

Business Lobbies in Turkey Reveal Stricter Policies Aimed At Lira Stabilisation

Disputes will be solved diplomatically, informs the TUSIAD & TOBB Union of Chambers and Commodity Exchanges. On Tuesday, 14 August 2018, Reuters reported that the business lobbies in Turkey have informed that more strict finance policies will be put in place as an attempt to the requirement of...

Oil producers hold off to increase production

OPEC countries are still in no hurry to increase supplies in accordance with recent agreements to increase production - in July, it grew by only 41 thousand barrels per day (bpd), to 32.32 million bpd. Recall that in late June, participants in the OPEC + agreement (which implies a reduction in...

Turkey In Deep Financial Crisis, Fears Of Contagion Emerge

Tremors were sent throughout the global markets on Friday after Turkey officially entered a full-blown financial meltdown following the refusal by the country’s President Recep Tayyip Erdogan to cow down to the market pressures and political pressures from the US. The weakness of the...

WTO notes pessimistic sentiments in global export

Trade restrictions have already had a negative impact on the dynamics of world trade. Its growth in volumes may further slowdown in the third quarter of this year, according to the World Trade Organization (WTO) leading index. In July 2018, its value dropped to 100.3 points against 101.8 points in...

$16 Billion Worth Of Chinese Products In 2nd Round Of Trump Tariffs

Announcement of fresh import tariffs on another round of Chinese products worth about $16 billion was announced by the United States on Wednesday. The latest round of tariffs marks the fulfillment of threat by United States President Donald Trump that he made in June of imposing 25 per...

Fiscal Reform To Be Part of Italy’s Next Budget, Informs Economic Minister of Italy

On Wednesday, August 8, 2018, Il Sole 24 Ore cited the Economy Minister of Italy, Giovanni Tria, saying that the government has planned on introducing the fiscal system’s reformation along with “a so-called ‘citizen’s income’” in the following budget. Furthermore, the minister also added...