Economics

Mexican Economy Minister Ildefonso Guajardo said that bilateral differences with the United States on the North American Free Trade Agreement (NAFTA) are set to be eliminated as talks continue between

China’s finance minister has said that his country would continue to retaliate against the US if the Trump administration decides to impose more tariffs on Chinese imports. In an interview

The number of Internet users in China exceeded 800 million, which is more than in the United States, Japan and Russia combined. Analysts say that the rapid growth of Internet…

Europe is creating an independent payment systems and "systems more independent from SWIFT," said Foreign Minister of Germany Heiko Maas, opening a conference of ambassadors in the Foreign Ministry in…

The talks on trade between the US and China did not yield any results even as the trade war escalated with each country implementing new tariffs on each other’s goods

The face of Saudi Arabia changed for ever on 3 March 1938 when oil was found at Dharam. Earlier, the country was largely nomadic with a small tourism industry because

The US and China introduced preliminarily announced new restrictions on mutual trade, raising duties on supplies totaling $ 32 billion. Now Washington is preparing a new list of restrictions for…

Beijing retaliated the second round of US tariffs on Chinese goods worth $16 billion starting Thursday with its own set of tariffs on US products of the same amount. This

The Venezuelan authorities continue to experiment on the country’s financial system. In the framework of the monetary reform, they conducted not only denomination, but also devaluation of a new currency,…

ECB executives believe that the euro area still needs "substantial" monetary stimulus to ensure the growth of inflation.

Dealing with the newly introduced currency is proving to be quite difficult for Venezuelans as the country virtually came to a standstill on Tuesday. Many workers stayed back at their

The world's largest sovereign investment fund, the Norwegian oil fund with a volume of $ 1 trillion, earned $ 20 billion in the last quarter thanks to investments in shares…

Oil traders and refineries will be offered a batch of oil from the strategic reserve of the United States in the amount of 11 million barrels with delivery from October…

Donald Trump’s trade tariffs have resulted in increase in cost of exporting top the US for the producers in emerging countries from Turkey to China. There is also nervousness among

The dollar has been the main world currency for more than 50 years. But experts do not exclude that his positions may weaken. What and who can deprive the dollar…

Just before a scheduled conference call between the finance minister of Turkey and international investors. The country’s falling currency lira continued on its recovery journey providing some relief to one

The ECB expressed concern that the current monetary disturbance in Turkey may create problems for European financial institutions. Yet, there is one more threat for the banking industry in the…

In the coming months, a large drop in introduction of primary housing, associated with a reduction in construction permits, is expected. Such measures will inevitably lead to a growing housing…

OPEC countries are still in no hurry to increase supplies in accordance with recent agreements to increase production - in July, it grew by only 41 thousand barrels per day…

Tremors were sent throughout the global markets on Friday after Turkey officially entered a full-blown financial meltdown following the refusal by the country’s President Recep Tayyip Erdogan to cow down

Trade restrictions have already had a negative impact on the dynamics of world trade. Its growth in volumes may further slowdown in the third quarter of this year, according to…

Announcement of fresh import tariffs on another round of Chinese products worth about $16 billion was announced by the United States on Wednesday. The latest round of tariffs marks the

Despite the imposition of tariffs by the US, China’s exports for the month of July unexpectedly surged and the trade surplus figures of the country with that of the US

Deloitte auditing and consulting company issued a report on development of mobile networks of the fifth generation (5G). The paper reveals a noticeable gap between the United States from China…

The US administration has indicated that it would apply maximum pressure on Iran through strict sanctions and to counter the possible impact on European businesses from those potential sanctions, the4

The Bank of England raised the base interest rate to the maximum level since 2009 against the backdrop of another impasse in the negotiations on Brexit. Although the regulator hints…

Companies from China are facing new challenges when buying assets in the US and Europe. The government of the Federal Republic of Germany amended the law on foreign investment aimed…

Problems in the US lending market can also harm markets and the world economy, says CNBC experts.

The rapid development of information and communication technologies (ICT) in the last 15 years has coincided with a general slowdown in the growth of aggregate productivity, the OECD said in…

The amount of memory and other resources that is used by the browsers of Mozilla’s Firefox and Google’s Chrome could get reduced soon as the companies are working towards it.

A joint statement issued by the agriculture ministers of the G20 nations censured protectionist policies and pledged to change some of the rules of the World Trade Organization (WTO). The

The Indian stock markets reached record highs last week with stocks gaining across the board and this positive movement has encouraged one emerging market investor to identify that asset class

The next meeting of the Federal Reserve System will take place already this week. A special intrigue lies in the fact that the decision will be made against the background…

The commerce department of United States announced that the country had notched an annual rate of 4.1 per cent in the second quarter of 2018 which is the fastest in

The next emerging market that could fall into a crisis is Turkey. There has been a drop in the country’s currency lira by 2 per cent since the decision of

The European Central Bank (ECB) expects that the key rate of interest for the euro area to remain at the current rates for at least through the summer of 2019.

The largest economic disaster every in world history is being faced by Venezuela with prices going out of hand virtually every day. According to a comment by the International Monetary

Having faced the threat of a significant reduction in the flow of petrodollars due to US sanctions, Iran set to look for allies. So far, the country is still supported…

Global economy could be undermined by trade tensions, said the G20 group of finance ministers. Following its two-day meeting in Argentina, the group gave a call for enhanced deliberations for

The United States President Donald Trump should expect a strong response form the European Union to any new trade tariffs, warned the German Foreign Minister Heiko Maas (SPD). There is

Even while European Commission President Jean-Claude Juncker meets up with United States President Donald Trump to discuss trade and tariffs, the threatened tariffs on the auto sector would assume the