The US House of Representatives on Tuesday approved an amendment to the National Defense Authorization Act, setting out the imposition of new sanctions on companies involved in the construction of...
July 21, 2020
A legal fight over removing a dam on the Savannah River is on hold while congressional representatives explore giving the dam to local governments who want to keep it. U.S....
July 21, 2020
The European Union on Tuesday finally agreed the historic €750-billion Covid-19 aid package. Meanwhile, in the United States the same measures are set to expire and negotiations are underway on...
July 21, 2020
The Great American Oil Bust started in mid-2014, economists say, when the price of crude-oil benchmark WTI began its long decline from over $100 a barrel to, briefly, minus $37...
July 21, 2020
US demand for petroleum and liquid fuels is expected to remain below the 2019 average from before the COVID-crisis until August 2021, according to the US Energy Information Administration (EIA)....
July 21, 2020
Tesla and SpaceX CEO Elon Musk's net worth surpassed $74 billion as of Monday. According to Forbes' Billionaires List, his fortune has nearly tripled since mid-March, making him the world's...
July 21, 2020
The European Union has found hard-won agreement on a Covid-19 stimulus package, reaching consensus on a “historic” €750 billion aid package to keep the continent's embattled economies afloat following days...
July 21, 2020
The European Union has found hard-won agreement on a Covid-19 stimulus package, reaching consensus on a “historic” €750 billion aid package to keep the continent's embattled economies afloat following days...
July 20, 2020
Beijing is considering sanctions against two major European telecoms-equipment manufacturers, should EU members follow the lead of the US and UK in barring China's Huawei from 5G networks, the Wall...
July 20, 2020
A new survey by British manufacturers' organization Make UK has shown that the number of companies planning to make redundancies in the next six months has risen to 53 percent....
July 20, 2020
The price of gold has been rallying in recent weeks, having smashed a decade high of $1,800 this month. Analysts at Citigroup say bullish factors building in the gold market...
July 20, 2020
A virtual meeting has been held between the Southern African Customs Union (SACU) and India to achieve the so-called Preferential Trade Agreement (PTA) which would reduce tariffs on certain products....
July 20, 2020
Saudi Arabia and Russia are once again on diverging paths, with Riyadh looking to jointly extend the deep output cuts through 2022, while Moscow is looking to ease the cuts...
July 19, 2020
Russia's Ministry of Economic Development has held an online roundtable discussion on the support and development of small and medium enterprises (SMEs) within the five-member BRICS trade alliance. The video...
July 19, 2020
Gold will extend its rally as the price may surge more than 20 percent in 2020, according to a recent forecast from Russia's National Rating Agency (NRA). The economic uncertainties...
July 19, 2020
Russian gold and foreign currency holdings have increased to a total of $574.2 billion, according to the latest data released by the country's central bank. The international funds grew by...
July 19, 2020
Airline passenger numbers are not expected to recover to the levels before the Covid-19 pandemic, which resulted in nationwide shutdowns around the world, for at least three years, Moody's Investors...
July 19, 2020
As the world economy slowly begins to recover from the Covid-19 crisis, the tremendous impact on the oil industry will see continued struggles with oversupply and permanent damage, meaning a...
July 19, 2020
A fleet of driverless taxis may start operating in the Russian capital within the next several years, according to Deputy Transport Minister Aleksey Semyonov. “If we efficiently start implementing the...
July 18, 2020
The US' biggest bank, JPMorgan Chase, together with other lenders, managed to take a big slice of the coronavirus relief program pie through fees, while reporting record quarterly profits. Max...
July 18, 2020
The US' biggest bank, JPMorgan Chase, together with other lenders, managed to take a big slice of the coronavirus relief program pie through fees, while reporting record quarterly profits. Max...
July 18, 2020
The US' biggest bank, JPMorgan Chase, together with other lenders, managed to take a big slice of the coronavirus relief program pie through fees, while reporting record quarterly profits. Max...
July 18, 2020
India has attracted over $40 billion in foreign direct investment (FDI) from the US, after the latest funding spree from major tech giants, such as Google and Facebook, according to...
July 18, 2020
While scientists across the globe were scrambling to contain the spread of coronavirus, activewear brand Lorna Jane was claiming a pair of leggings could protect you from it. The brand...
July 18, 2020
While most oil-exporting nations saw international agencies knocking down their sovereign credit ratings amid the crisis spurred by the Covid-19 outbreak, S&P Global Ratings confirmed Russia's rating at BBB- with...
July 18, 2020
Slowing retail sales does not mean lack of recovery for the Chinese economy, a JP Morgan strategist believes, adding that the consumer sector may bounce back in the coming months....
July 17, 2020
Mexico's president said Friday he is putting the army in charge of customs at border crossings and seaports to combat corruption and the massive smuggling of drugs and precursor chemicals....
July 17, 2020
Russian scientists and experts from fast food chain KFC plan to develop 3D-printed artificial chicken nuggets. The project is underway, with the final product expected to be ready for testing...
July 17, 2020
Beijing has accused Washington of exporting n-propanol at dumping prices and will impose temporary additional duties on the imports, the Chinese Ministry of Commerce has announced. Normal propanol, also known...
July 17, 2020
Metal prices, including gold and copper, have been rallying during the Covid-19 pandemic. Gold has gained over 15 percent since March, while Industrial metal copper has surged 35 percent over...
July 17, 2020
A new study by the German Economic Institute (IW) showed that Germany's export markets continued to deteriorate as the Covid-19 crisis severely impacted global trade. At the same time, “the...
July 17, 2020
The world's largest operator of Boeing 747s, British Airways, has announced that it will no longer operate the iconic aircraft as the travel industry suffers from the fallout of the...
July 17, 2020
New megaprojects may allow Russia to grab up to 15 percent of the global liquefied natural gas (LNG) market by 2025, according to Russia's Energy Minister Alexander Novak. Russia has...
July 17, 2020
New megaprojects may allow Russia to grab up to 15 percent of the global liquefied natural gas (LNG) market by 2025, according to Russia's Energy Minister Alexander Novak. Russia has...
July 16, 2020
The only thing that spreads faster than coronavirus is ignorance about economics and finance, says veteran stock broker Peter Schiff. According to him, the pandemic just sped up the crash...
July 16, 2020
The only thing that spreads faster than coronavirus is ignorance about economics and finance, says veteran stock broker Peter Schiff. According to him, the pandemic just sped up the crash...
July 16, 2020
Berlin has no intention of changing its stance on the Russia-developed Nord Stream 2 pipeline as the Trump administration ratcheted up pressure against the project, threatening investors with sanctions. “We...
July 16, 2020
Since New York City allowed restaurants to serve diners outdoors from June 22, there have been complaints of rodents disrupting meals. Famished during the pandemic, rats – desperate for food...
July 16, 2020
Additional financial aid given to those who lost their jobs amid the coronavirus outbreak has boosted spending, with Americans buying more than when they were working, recent research has found....
July 16, 2020
India and Russia have the potential to strengthen economic cooperation by developing joint projects, particularly in Asia and Africa. That's according to members of a video conference held by the...
