According to a report by the Italian news agency AGI, citing EU sources, Italy has been asked to submit a new budget by the European Commission after the administrative arm of the block rejected the so called populist budget of the debt ridden country.   The Commission later held a news...

China may face “debt iceberg” and “titanic” credit risks, S&P Global rating agency warned. According to its estimates, the size of off-balance sheet debts of Chinese municipalities can reach 30–40 trillion yuan ($ 4.5–6 trillion) due to their investments in infrastructure projects. For many years,...

China, the second largest economy of the world reported a slowdown in its growth for the three months ended September with a growth rate of 6.5 per cent compared to the same period a year ago.   This rate of growth is the slowest for the economy since the early 2009 when it was also hit by...

A federal law on the legalization of cannabis for recreational purposes entered into force on Wednesday in Canada. In fact, Canada became the first state from the G7 and the second country in the world after Uruguay (legalized in 2013), which transferred this light drug to the legal field, allowing...

Off-balance sheet debt of the Chinese regions in 2017 reached 37 trillion yuan ($ 5.5 trillion), or 45% of GDP, and this figure is significantly higher than the official debts of these issuers (16.5 trillion yuan), Standard & Poor's calculated. Such debt was issued through special financial...

Brand Finance Nation Brands 100 is a global study accompanied by a rating of countries in terms of the value of national brands according to the British consulting company Brand Finance. The study’s authors believe that condition of a country's brand affects its reputation, self-identification and...

Weak global growth, trade disputes and high oil prices will limit growth in demand for fuel raw materials to 1.3 million barrels per day in 2018 and 1.4 million bpd in the year 2019. In both cases, this is 110,000 bpd less than expected in September, a new report of the International Energy Agency...

On Thursday, the US dollar fell against the major currencies of developed countries and most developing currencies, with the exception of the Russian ruble, following the decline in stock indices and yields on US treasury bonds the day before. President Donald Trump accused the Federal Reserve of...

A new measure coined by the World Bank called the “human capital index” which measures youth mortality, schooling and health was dominated by Asian countries. It is possible that lifetime earnings could be doubled by more than half the children born this year because of increasing investment in...