Economics

Results of the British referendum on membership in the EU fluster not only politicians, but also the world's largest banks, for which London is the second (in some cases even…

The European Commission calls to stop prohibiting or limiting activities of mobile services like Uber and Airbnb. Instead, the Commission proposed to introduce uniform rules governing companies, representing the co-consumption…

Net income from UK tax on oil and gas companies operating in the North Sea was negative for the first time since 1968, according to a report published by London…

While papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China, the Group of Seven industrial powers pledged on Friday

After Venezuela sold $1.7 billion of worth of Gold in the first quarter of the year to repay debts, the country’s reserves of the precious metal have plunged to their

While leaving the important details for easing of a debt burden to be hammered out after Germany’s federal election next year, Greece’s creditors reached a preliminary accord for a debt

In his latest attempt to focus voters on the potential hit to the economy from an “Out” vote, British finance minister George Osborne said that Britain could sink into a

Eurostat has summed up the first quarter of 2016. EU’s GDP grew by 1.7 percent as a whole, while some countries experience a glut, and others are on the brink…

The stage for G7 advanced economies could become one for agreement between the countries to “go-your-own-way” response to address risks hindering global economic growth at their finance leaders’ gathering due

With an ability to access the internet from anywhere in the world, 7% of the world population (500 million people) can overcome poverty, and global GDP will increase by $…

After keeping them a close secret for more than four decades, the US Treasury Department released a breakdown of Saudi Arabia’s holdings of U.S. debt. According to data the Treasury

A Tory minister campaigning for Brexit has termed as “incredibly dangerous intervention” that has increased financial instability, the Bank of England’s warning that leaving the EU could lead to a

The impact of Britain leaving the European Union would range from “pretty bad to very, very bad” and that there were no economic positives to it taking the step, said

In April 2016, retail sales in the US increased by 1.3% compared with the previous month, according to the Ministry of Commerce data. The growth rate was the highest since…

On the eve of the final battle with Donald Trump, former US Secretary of State Hillary Clinton receives from Wall Street donors more transfers than all other candidates combined.

In a move likely to further boost record overseas acquisitions by Chinese companies, China is planning to allow Chinese companies to vie for the same target and to remove the

FCA Chief Executive Sergio Marchionne said recently that in their collaboration on self-driving vehicles, Fiat Chrysler Automobiles and Alphabet Inc’s Google have yet not been able to determine who would

In response to recent disclosures in the Panama Papers revealing the scale of offshore financial activity, US President Barack Obama is launching a crackdown on international tax evasion. The US

There are many European countries known for their highest standard of living not only on the continent, but also worldwide.

A latest Reuters poll showed that economists held firm to their expectations for a rate hike in June and then another by the end of this year even as hey

The present national crisis can begin in the United States, if the situation continues to deteriorate. The idea is that one of the largest pension funds in the country intends…

China said it will do more to help its firms shift capacity overseas while keeping tight control on adding new capacity at home as part of efforts to ease domestic

US chip maker Intel announced a massive downsizing of its staff. The company intends to dismiss 12 thousand people worldwide, or approximately 11% of all employees of the IT-giant.

Rise in prices was noted in 62 of the 70 large and medium cities in China in March of this year. The jump has mostly been seen in new commercial…

April 17, Doha hosted ministerial meeting of 17 oil-producing countries on the freezing of oil production at the January level. The talks were attended by the OPEC countries (except Iran…

International Service for the Acquisition of Agri-biotech Applications (ISAAA), which holds the most authoritative study of biotech grains in the world, estimated that in 2015, the area under genetically modified…

Leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel, oil prices tumbled on Monday after a meeting by major exporters in Qatar

The financial authorities of the German state of North Rhine-Westphalia reported that they have transmitted information on suspected Swiss bank accounts to the authorities of 27 European countries. These accounts…

It looks quite sarcastic that the fastest runner in the world is promoting a bank in the fastest shrinking economy in the world. Nevertheless, the use of the well-known image…

A recovery in factory activity, investment and household spending in the world’s second largest economy appears to be fueled by a surge of new debt even as China posted its

In March, China's exports showed the most significant growth over the last year, by 11.5%, to $ 160.8 billion. Imports continued to decline, but the fall has slowed down. It…

Torsten Slok, chief economist for the International Markets in Deutsche Bank, aired the 10 major risks. He is hearing them from customers that consider these factors as hindrances to the…

Suggesting that there would be no let-up for the beleaguered steel industry’s plant closures and job losses across the globe, industry executives said that significant overcapacity will remain in China’s

A move to negative rates by some of the world’s central banks would help deliver extra monetary stimulus and ease lending conditions, said the International Monetary Fund on Sunday. Around

The economic growth of the last 30 years was largely the result of advances in information technology. The computer and Internet revolution made possible controlling all stages of production and…

After two weeks of struggle with other contenders, Chinese insurance company Anbang suddenly refused to buy the American hotel chain Starwood Hotels & Resorts Worldwide Inc. for $ 14 billion.

Oil, gas, and electricity generation increased in 34 OECD countries over 2015, according to the initial analysis of monthly IEA data. At that, power generation from wind and solar resources…

Why Ireland and Finland are on opposite sides of the euro-zone growth? Because one of them found a way out of economic difficulties. The other, on the contrary, has become…