Per share profit of the American company Apple will fall by 29% if the Chinese authorities decide to ban its products in response to US actions against Huawei, analysts at Goldman Sachs believe. According to analysts, this assessment includes share of China and Hong Kong in global sales of Apple,...

This time, banks have taken the central banks and regulators on board to ensure that their digital cash has an equivalent value with fiat currency. Many of largest banks across the world are gearing up to invest an amount of nearly “$50 million” in creating “a digital cash system” which would use...

There can be significant damage to the US economy as well as for the rest of the world if there is an extension of the US-China trade war. This was said as a warning to the US president Donald Trump by the most influential economics thinktank of the west.   As much as 0.7 per cent could be...

In January-March, GDP of the city increased by 1.2% compared with the same period last year, according to the final data of the government. A preliminary estimate of growth was 1.3%. According to revised data, in GDP grew by 1.3% Q4 2018. The growth of the economy in the first quarter was minimal...

JPMorgan noted that the actual price of Bitcoin significantly exceeded its “production price”. In 2017, this phenomenon was followed by a collapse. The price of Bitcoin jumped higher than its intrinsic value, and this is reminiscent of 2017, when a leap was followed by a collapse, Bloomberg said...

Austrian Chancellor Sebastian Kurz announced termination of the coalition of the Austrian People’s Party with the ultra-right Freedom Party after the party leader Heinz Christian Strache resigned as vice-chancellor and chairman of the political association because of a loud media scandal. “Give it...

The United States abolished protective duties on imports of steel and aluminum from Canada and Mexico, thus removing the main obstacle to ratifying the renewed USMCA free trade agreement in North America. Also the US Ministry of Trade on Friday reported that the decision on duties on the import of...

US President Donald Trump on Friday declared that some imported vehicles and parts pose a national security threat but delayed a decision for as long as six months on whether to impose tariffs to allow for more time for trade talks with the European Union and Japan.    The...

In a poll of economists posted by Reuters, the majority of the respondents opined that the risk of an recession in the United States has been increased by the U.S.-China trade war over the last month. The economists also said that there is a 40 per cent chance of a US recession happening in the...