The International Energy Agency (IEA) raised the forecast for oil production in the US this year by 260,000 barrels a day, to a record 10.4 million barrels per day. According to experts of the agency, the rapid growth in the production of shale oil in the United States will be the main factor that...

While deliberating on the possibility of endorsement of more than a dozen proposed products that are based on cryptocurrencies, the Securities and Exchange Commission of the U.S. has sought clarification and answers from the fund industry about the concerns they had of these virtual coins, while...

The stock index Dow Jones Industrial Average on Wednesday closed above the mark of 26,000 points for the first time. The index overcame the distance from 25,000 to 26,000 points in just eight trading sessions, which is a record in its 120-year history, notes The Wall Street Journal. At the end of...

Chief Economist of the World Bank Paul Romer said that the organization changed the methodology for compiling the Doing Business rating, as the methods used before provided incorrect information. The organization is going to review the ratings over the past four years. The Doing Business rating...

The positive balance of the current account of Germany was the largest in the world in 2017, according to the information of the Munich economic institute Ifo, reports Reuters. The promulgation of this indicator can raise a wave of criticism in relation to economic and fiscal policy in Europe's...

The EU budget will lose up to 15 billion euros due to Britain's withdrawal from the bloc. The European Union is looking for ways to compensate for the loss of 12-15 billion euros per year in its budget due to Britain's withdrawal from the bloc. The European Commission wants to do this through fees...

Growing interests of Chinese bitcoin traders’ in energy rich Quebec show a shifting trend of bitcoin mining sources. The “Bitmain Technologies” of China is looking into Quebec’s “bitcoin mining sites”, revealed a spokesperson of the company, amid expectations of a potential cryptocurrency crackdown...

Experts of the consulting company Korn Ferry analyzed situation in different countries of the world. They compiled a rating of the countries with greatest growth of real wages in the coming year. 1. India Projected growth in 2018: 4.7% Over the past two decades, the economy of India has...

According to the World Bank’s Global Economic Prospects released on Wednesday, India is expected to be the fastest growing major economy again in 2018 with a growth rate of 7.3% in the year after the economy conceded the top spot to China, among the major eocnomies, for a year in 2017.   The...