Economics

Loss of Greece or Portugal can be regarded as a failure, yet Italy's loss will look like carelessness. It is hard to imagine that the single European currency could survive…

The airport of the capital of Venezuela took an unusual cargo: 36 "Boeing-747" freighters stuffed with money. Not with foreign currency, bur their own Bolivars, which authorities buy from foreign…

A prosecutor for U.S authorities seeking his extradition claimed on Thursday that a London-based trader’s market manipulation helped cause the 2010 Wall Street “flash crash” which netted him some $878,000

Promising that it will continue to develop the company’s Android and iOS keyboard apps, Microsoft has acquired British apps firm SwiftKey for a reported $250 million (£173.2 million). Shortly it

Ice age of austerity in Europe is rapidly melting. The reason is not the most favorable: this is terror and aggravating situation in the "hot spots". According to forecasts of…

Stunning investors with another bold move to revive the economy as volatile markets and slowing global growth threaten its efforts to beat deflation, the Bank of Japan unexpectedly cut a

Venezuelan President Nicolas Maduro hopes to persuade major oil producers to take concerted action "stop this madness" on the market to. By the "madness", he means the drop in prices…

Oil decline and sanctions over the conflict in Ukraine that curbed access to international financing has forced Russia’s economy to get contracted the most since 2009 last year as the

With a renewed slide in oil prices giving investors few reasons to reassess a darkening outlook for the global economy, a plunge in Chinese share markets capped a miserable day

Extending gains from Friday after a rally in battered oil prices prompted a rise in global equities, shares in Chinese and other Asian markets began the week on a firmer

Guggenheim Partners estimated total global investments in the Arctic. They totaled $ 432.4 billion. According to the company’s experts, sustainable development of the region will require $ 1 trillion, that…

In a relatively muted response to hints of more policy stimulus in Europe and Japan that prompted a robust rally in battered oil prices and equities elsewhere, China’s fragile shares

According to General Director of Deutsche Bank John Cryan, development of digital technology will soon lead to disappearance of cash from circulation.

Some of the world’s biggest oil exporters are trying to curb domestic consumption of fossil fuels and invest in wind and solar power, due to the oil price slump below

On Wednesday, the world elite gathers for the annual conference of the World Economic Forum in Davos. There are 2 600 participants, who pay $ 25 thousand for the privilege…

As once-booming economies appear trapped in a slow-bleeding cycle of weak growth and investment, more than a trillion dollars of investment flows has fled emerging markets over the past 18

Following new figures from Beijing that showed that the Chinese economy grew at its slowest rate in a quarter of a century in 2015, the International Monetary Fund cut its

Igniting hopes that Beijing would cushion the slowdown with more stimulus policies following revelation of China’s economy which grew at its weakest pace in a quarter of a century last

By 2020, advances in technology will reduce the number of world’s jobs by the 5 million - such data are quoted in the report of the World Economic Forum (WEF)…

Only 272 refugees out of planned 160 thousand were transported from Turkey and Greece to other countries, said head of the European Commission. He also stressed the need to reform…

EU judges have recently ruled that during working hours, all mails – including even private messages sent via that are sent by employees can be seen by employers in the

As oil prices fell back below $30 global stocks kept alive concerns about global growth as world stocks were set for a third straight week of losses on Friday and

A Reuters poll of economists predicts that a more subdued outlook for both the U.S. and world economies would force the Federal Reserve to consider raise of interest rates only

America’s long expected go-to-market of gas has finally took place: the first tanker with US liquefied natural gas (LNG) will be exported before the of the week.

According to forecasts of the British hedge fund Omni Partners, the renminbi-dollar will fall by 15% in 2016; and even lower in the case of the credit crisis. Earlier this…

The Powerball jackpot has risen to a total of $1.3 billion since there has been no winner so far. There are possibilities for big potential liabilities as these astounding numbers

Amidst a renewed slide in oil prices that sapped sentiment and with experts predicting this baleful trend has every signs of lingering into 2016, the Asian share markets looked set

After the announcement by Saudi Arabian of one of its biggest shake-ups in economic policy, stocks of the country were poised for the steepest decline in two months. Forward contracts

After plunging oil prices resulted in a record annual budget deficit of nearly $98bn, Saudi Arabia has announced plans to cut government spending and reform its finances. Officials said that

Under pressure from slowing global demand and abundant supplies and with Saudi Arabia signaling no change to its oil policies and Iran preparing to ramp up exports, oil prices steadied

Left-wing government are coming to power in order to slice-and-dice right’s legacy, rights - to compensate at least part of the "left turn" economic results. Weak and fragile global growth,…

In perhaps what can be christened as the costliest pistol ever, gin maker Cabot Guns plans to sell a pistol nest year that is worth $1 million and is made

While the Abba Museum of Sweden does not accept bills and coins, it is often common to see homeless street vendors carry mobile credit-card readers in Sweden. There are very

Dropping oil prices were one of the main news in the past year. In recent months, oil prices fell to $ 36 per barrel, more than 50% less than in…

Despite slowing economic growth, China will be one of the fastest growing consumer markets in the future world. According to a study of The Boston Consulting Group and AliResearch Institute,…

A recent new survey from UBS and PwC found that the number of women from Asia entering the billionaire ranks is on the rise and unlike their Western counterparts, they

Total capacity of wind power plants in the United States reached a record high of 70 GW. According to the American Wind Energy Association, this is enough to provide 19…