Venezuela's competitors in the OPEC group are gradually seizing the country’s share in the world energy market, as the Venezuelan oil industry is being in crisis and trying to comply with the terms of the OPEC+ deal, Reuters reports citing OPEC data and sources in the industry. Oil production in...

A recent study has indicated that in rode to solve he affordability crisis for homes in Sydney in Australia, it would not merely be enough to building more houses.   In fact, researchers found that despite a long-term oversupply in many suburbs, the house prices in the city had soared. The...

Just a few years ago the single European currency was practically a symbol of political instability and faced threats to its very existence. Now, it is attracting buyers, while risky assets are being sold all over the world, Bloomberg writes. This reflects the growing optimism of the markets...

The head of the European Central Bank (ECB), Mario Draghi, predicts that workers in the euro area will soon begin to receive higher wages. This, in turn, will reduce the need for economic support, Bloomberg reports. The head of the ECB, which for several years has not been able to defeat low...

The highest ever spending in a month by visitors to the UK this August as visitors took advantage of a weak pound following its devaluation after Brexit as over £2.8bn was spent by visitors attracted to Britain.   The total number of visitors to the UK rose by 5% year-on-year in August –...

Theresa May was warned that if the U.K. wanted to initiate trade talks on Brexit with the E.U. before the end of the year, then Britain would have to make an offer of more money to the EU for UK's Brexit divorce bill. EU Council President Donald Tusk warned that the UK had just two weeks to make...

The news that a software upgrade was slated to go ahead in hours saw the bitcoin hitting an all-time high just below $8,000 (£6,060) on Friday. The software in question was suspended which resulted in the cryptocurrency strongly going down at the end of last week.   A statement was published...

The desire of India to use digital technology has resulted in major changes in the country’s economy. This represents an investment opportunity of several trillion dollars, as the level of compliance with tax legislation and access to credit has increased, CNBC reports with reference to Morgan...

Government regulation of cryptocurrencies was called for by the Supreme Court of India which also directed the Indian government to take steps to that end.   Demanding acknowledgement and a response to a petition in this issue, a three member justices bench of the Supreme Court issued notice...