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IEA Warns of Mounting Oil Surplus as OPEC+ Output Expansion Outpaces Demand 09/11/2025

Dollar Bears Say Slide Could Resume as Pause Looks Temporary 09/11/2025

Lufthansa to increase stake in Italian ITA to 90% by June 2026 09/12/2025

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Economics

Rice Countries: Why Consumers Pay So Much?

Almost 16% of the 250 million Indonesians live on $ 1.90 a day or less. 6% of 15 million people in Cambodia has to limit themselves with about the same amount. In both countries, rice is the main crops that provide poor people with more than half of the calories a day. Yet, Cambodians in need have...

Paris and the World Economy

The most important thing is certainly people, who became victims of inhuman cruelty. The terrorist attacks, that took place in Paris, stirred up the whole world, which started from a terrible tragedy that claimed 132 people according to the latest figures. Paris is a kind of "Mecca" of world...

Addressing Digital Divides Can Be The Key To Sustainable Growth

UN Secretary urges the world to address the issue of ‘digital divides’ in order to effectuate “Sustainable Development Goals”. The UN’s Secretary-General, Ban Ki-moon believes that in order to meet the targets of the “Sustainable Development Goals” that have been adopted recently, one needs to...

The Terrorist Attacks in Paris Hit on Mario Draghi

The Parisian tragedy is greatly changing the financial landscape. Unfortunately, the markets are cynical. Even these events are necessary to analyze in terms of cash flow. The Friday events have very badly coincided with the macroeconomic situation in Europe. Just two weeks ago, Head of the...

Blackstone is the Biggest Landlord in the World

Blackstone Group's capitalization grew by almost 4-fold since the IPO in 2007. Yet, the largest private investing firm from Wall Street has shown even more impressive growth in its real estate division, with assets increased from $ 17.7 billion to $ 100 billion for 8 years. Blackstone’s Head...

Retail Sales in the US Rose Less Compared to Forecasts

US retail sales in October this year increased by 0.1% compared with the previous month, according to the Ministry of Commerce. Experts surveyed by Bloomberg expected a more significant growth rate - 0.3%. In September, retail sales also rose by 0.1%; the rate for that month was revised. Retail...

Ukraine Nearing Bankruptcy says Analysts as Fitch Downgrades Credit Rating to ‘D’

The credit rating for Ukraine was further reduced on Thursday by credit rating agency Fitch Ratings to D from Triple C. This credit rating essentially translates into the statement that it was now eminent that Kyiv would default on some of its foreign debt. Templeton Asset...

Draghi's Speech in the European Parliament Knocked Euro Down

Statements, made by Mario Draghi of the European Central Bank, have collapsed European currency. The euro has fallen to 1,069 to the dollar immediately after Draghi’s speech at the European Parliament. He said that the ECB is ready to use all possible tools, if no changes in inflationary trend to...

Apple to Expand Staff Number in Ireland

Apple Inc. decided to expand its office staff in Ireland for a thousand people, reports Reuters referring to the Irish Agency for Investment IDA. The number of employees at the office in Cork will be increased by the middle of 2017. Now the Irish subsidiary employs five thousand people. IDA noted...

Study Claims Bitcoin technology Could be Adopted by Banks by Q2 - 2016

Citing the adoption of bit coin technology for the capital markets as being a a matter of when, not if, a report claimed that the technology could come into practical use as early as next year. The report claims that the adoption would revolutionize the industry by enabling more secure...