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The Global Crackdown On Big Tech: How The EU And U.S. Are Tackling Market Dominance 10/09/2024

Norway joins the EU sanctions against Belarus 10/08/2024

ECB's Potential Rate Cuts Reflect Broader Central Bank Trends Amid Global Economic Challenges 10/07/2024

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Economics

UK will have to increase gas imports after Brexit

The UK is shutting down the largest underground gas storage facility, which could result in a fuel shortage this winter. Most likely, all European storage facilities will no longer be available after Brexit. Now the main gas supplier to the country is Qatar, which is in a political crisis. The gas...

FSB Report Sees No Imminent Threat On “Financial Stability” Due To Fintech Sector

G20 economic coordinators classifies Fintech activities for the possible introduction of new Fintech rules in the future. A review carried out by “global regulators” claims that the fintech growth does not translate into “any compelling risks” on the “financial stability”. However, this scenario...

To Counter U.S. Protectionism, Japan, EU Press Ahead On Free Trade Pact

Making the United States think twice over pursuing inward-looking policies and standing against a protectionist tide threatening the global economy, a free trade deal is being aimed to be reached between the Japanese and European Union through a negotiators’ meeting in Tokyo. With almost...

Will Ethereum Encounter The Same Fate As Bitcoin?

Rumours and “flash crash” weighs down customers’ confidence on etheruem. On Monday, Ethereum, the rival of Bitcoin, took a plunge while “a major exchange” put its effort to “shore up confidence” in vain. As a result, an announcement was made whereby the customers who lost their money in “flash...

GM lowers sales forecast for the US

Sales of new cars in the US in 2017 will be range "below 17 million," which may indicate a moderate decline in the industry, told experts General Motors quoted by Reuters. According to analyst Chuck Stevens, the market is definitely slowing down, it needs to be monitored monthly, and pricing is...

Even Post Brexit, Britain To Retain ‘Duty-Free’ Market Access Status For Developing Countries

The British government claims that stepping out of the E.U will enable the country to live up to its “commitments” towards the world. Ever after quitting the E.U, “nearly 50 developing countries including Bangladesh, Sierra Leone and Haiti”, will have “duty-free” access to Britain’s markets for...

In Push For Deeper Market Access, Apple CEO Touts India Impact

Even as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United States and China, in a meeting with the Indian prime minister on Sunday, Apple CEO Tim Cook highlighted the economic impact the company is having on India. In recent years, the...

Globalization Is Brining Benefits To All Countries, Says China's Premier Touting Globalization At ‘Summer Davos’

During the first day of the World Economic Forum's "Summer Davos" event in Dalian, China, Premier Li Keqiang delivered an address resoundingly touting the benefits of globalization. Although he acknowledged that countries may also face challenges along the way, but saying that "it is...

Draghi defends the ECB’s monetary policy

Head of the European Central Bank (ECB), Mario Draghi, spoke in favor of incentive measures, saying that young people will benefit from the revival of growth in the euro area, reports Bloomberg. The soft monetary policy of the ECB helped to ease the problem of inequality in the region, which is...

Brexit will hit the UK fruit and vegetable industry

Last summer, UK residents voted to "stop feeding the EU", meaning to finance a number of joint projects. Now, however, it turns out that it is the EU that feeds the UK: the British are forced to deny themselves fruit because of rising prices. Оne year ago, on June, 23, inhabitants of the Great...