Economics

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…

JPMorgan noted that the actual price of Bitcoin significantly exceeded its “production price”. In 2017, this phenomenon was followed by a collapse.

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…

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…

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

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

The US government has postponed an impending decision on the whether or not to impose additional tariffs on foreign made cars and car parts by a period of six months.

Foreign direct investment in mainland China in January-April increased by 6.4% over the same period last year and amounted to 305.24 billion yuan (about $ 45.14 billion), according to the…

The trade war between the United States and China was described as “a little squabble” by the US president President Donald Trump on Tuesday while also stressing the there was

The International Energy Agency (IEA) lowered its estimate for oil demand growth in 2018 and 2019.

In May, the pessimism of international investors regarding the trade confrontation between the United States and China increased again. The mutual accusations of the parties and promises to increase import…

Even as the United States and China point tariff guns at each other, the two parties have agreed to continue their talks on trade according to the Chinese government. US

Last Tuesday, the San Francisco City Council began reviewing the bill, which prohibits shops, restaurants, cafes, bars and other retail outlets from denying cash payments. “I consider it unfair that…

The trade war with China was escalated by the United States as it increased import tariffs to 25% on Chinese goods worth $200 billion even as last ditch efforts are

Will the growth of the world economy suffer from the trade war between Washington and Beijing? This question causes serious concern to many politicians and economists, in particular, the director…

Chinese authorities allowed to export used cars to stimulate car sales in the country. According to the Xinhua News Agency, 10 administrative regions, including Beijing and Shanghai, were the first…

Iranian authorities have decided to “stop fulfilling certain obligations” of the Joint Comprehensive Action Plan (JCAP). Tehran has already notified ambassadors of Russia, Britain, China, the EU, France and Germany…

Asian airlines are cutting routes, revising their schedules and leasing additional aircraft due to suspension of operation of Boeing 737 Max 8 aircraft after two crashes of this model, reports…

Following a series of tweets threatening new tariffs on China by United States president Donald Trump has apparently put the US-China trade agreement at risk which was not long ago

Shares in China fell amid escalating tensions between the US and China, after US President Donald Trump announced an upcoming increase in duties on Chinese goods.

The Federal Reserve System (FED) will not ease monetary policy due to weak inflation in the United States (below the target of 2%). Head of the watchdog, Jerome Powell, considers…

A seismic shift in the tendency of spending habits of women in China is boosting the “sheconomy” in the country. The business slogan that is getting popular in the second

According to a report on Politico, there can be a partial roll back of a part of the tariffs imposed on $250 billion worth of Chinese products imported into the

In a speech broadcast live on Iranian state TV on Tuesday, Iran President Hassan Rouhani literally challenged the United States over its attempt to stop Iran from exporting oil, and

The enforcement mechanisms that would guide the implementation of a trade agreement between the United States and China is pivot that a trade pact that would end the trade war

While claiming that the Belt and Road Initiative (BRI) of China, with its massive infrastructure and trade opportunities, would be able to offer “high-quality” growth for all participants, the country’s

Net profit of German chemical and pharmaceutical concern Bayer AG declined in Q1 by 36.5% in annual terms to € 1.24 billion. Earnings per share amounted to € 1.27 against…

Economists and scientists have long used different data to estimate inequality. The Gini coefficient, one of the most famous such indicators, was invented in 1912. It shows the degree of…

Tesla is going to launch an unmanned taxi service in 2020. This was announced by the company's founder Elon Musk during a meeting with investors.

Energy consumption in the United States in 2018 exceeded previous record reached in 2007. The total energy consumption for the year increased at the maximum rate over the last 8…

The already existing strategic alliance between India auto company Mahindra and the US car maker Ford is being strengthened. The companies have recently signed an agreement to jointly develop a

According to media reports that painted a rosy picture for the trade talks between the United States and China, both the parties are trying to reach a deal by early-May

New rules aimed for offering better protection for the employees in the so called “gig economy” has been approved by the European Parliament. For those employees working in those “on-demand”

Despite the slowdown in economic growth around the world, the luxury market continues to grow. According to Deloitte, revenue of the largest companies in the luxury segment in fiscal 2017…

The European Commission will allocate additional funding for the construction of the Baltic Pipeline, which will connect Poland, Denmark and Norway. An agreement on a grant for this project in…

PDVSA, the state oil and gas company of Venezuela, continues to supply oil to Cuba after the introduction of new US sanctions in early April, Reuters reported, citing documents of…

Following the opening up of some industry sectors to foreign companies by China earlier this year, there are a number of foreign companies such as Generali and Prudential Plc are

At the height of the middle class in 1985, its total income was four times more than that of the richest population. Three decades later, it fell to less than…

The United States president Donald Trump has threatened to impose higher tariffs on import of French wines and cheese in addition to a number of other goods such as includes

The International Monetary Fund (IMF) has predicted that the Indian economy would remain the fastest growing major economy of the world for 2019 and 2020 with projected growth rate of

Bitcoin mining is being sought to be banned in China by the state planner of the country. Reports based on a draft list of industrial activities that the agency has

The world economy is a “delicate moment” according to the chief economist of the International Monetary Fund Gita Gopinath. While a global recession is not being predicted by Gopinath, she

The United States and China could announce a trade deal as early as in four weeks as the two parties are close on finalising it, said the US president Donald

The total debt load in the world in 2018 grew by less than 1.5% . Its peak was passed in the first quarter, after which the volume of liabilities began…

Global bribery leads to damage, which is estimated at $ 1.5 trillion, or 2% of world GDP, said Head of the International Monetary Fund (IMF) Christine Lagarde during a speech…