While there is still time for a complete recovery from the sudden and very steep oil price fall in 2014 for oil exporters, such entities should not therefore invest in "white elephant projects", warned the head of the IMF on Saturday.   "With revenues down, fiscal deficits are only slowly...

According to a news report published by Reuters, there are no plans of US President Donald Trump to meet his Chinese counterpart Xi Jinping before the end of the 90 day trade truce between the two countries that is being used by the two countries to strike a trade deal.   Trump clearly said...

Refineries in the United States spend billions on heavy grades of oil. Sanctions imposed by Trump against Venezuela forced them to rush to look for other suppliers. However, there are simply not enough raw materials: given reduction in production within OPEC, the market is facing a shortage. As a...

In anticipation of Brexit without an agreement, British companies are packing their warehouses with a wide variety of goods, ranging from food and ending with drugs and car parts. Nobody wants to leave Europe without an agreement. However, the British business is stocking up with absolutely...

Germany will face a budget deficit of € 25 billion by 2023, if it does not reduce costs, as tax revenues will decline, and wages in the public sector will increase. This was reported by the Bild newspaper with reference to an internal document of the government. The deficit warning is contained in...

Venezuela will sell 15 tons of gold from the country's central bank vaults to the United Arab Emirates (UAE) in the coming days for euro cash, a senior official According to the official, the sale of gold reserves this year began with the shipment of 3 tons of gold on 26 January. A plane with 3...

The pricing appeal of the products of Huawei can hold sway over security concerns in developing countries – which can be sources of solace for the Chinese telecom equipment manufacturer as it faces flack in the West over allegations of technology theft and espionage.   India – the second...

A crucial vote of confidence in the UK parliament was won by British Prime Minister Theresa May on Wednesday. In the ballot of Conservative members of parliament (MPs), May won the leadership challenge by 200 votes to 117 votes against her. To win the confidence vote a simple majority - at...

People with relatively high intelligence, as measured by the IQ test, more accurately predict level of inflation, and their households better adapt to economic changes through a change in the balance of savings. This seemingly trivial conclusion of a group of economists, published in January by the...