A new report related to a possible no-deal Brexit in the UK claims that there would be risk of one in 10 British firms going bankrupt because of a delays of only half an hour at UK ports and the Irish border.   The report published by the Chartered Institute of Procurement and Supply (CIPS)...

The European Union is developing a new mechanism for payment that would allow companies and countries to trade with Iran and still avoid the US sanctions on Tehran, announced the block’s foreign policy chief. This announcement further illustrates the divide between the United States and its ally,...

A new 71 page paper released by China accused the United States under president Donald Trump of "trade bullyism practices" that have turned out to be "the greatest source of uncertainty and risk for the recovery of the global economy."   The paper was the written response from China to the...

Theil turns more positive towards dollar, as he sees Brexit situation to “become more positive”. The largest asset manager in the world, BlackRock has made a recent move to a “long position in Italian bonds” as it expects an outcome which will be “market-friendly” to the “budget discussions”. The...

According to the former head of the European Central Bank, there would be a larger economic impact because of Brexit on the UK than on the European Union.   In an interview to the BBC, Jean-Claude Trichet said that the exit of UK from EU was "totally contrary to the new world" of large...

Portfolio managers of the largest investment funds expect a slowdown in the growth of the world economy due to the trade war between the US and China and tightening of monetary policy in developed countries. Investors switch their attention from emerging markets to developed ones, and also increase...

The Chinese currency would not be used by the Chinese authorities as a means to gain competitive advantage in trade, said the Chinese Premier Li Keqiang.   This statement came just hours after China enhanced tariffs on import from the United States albeit in a much softer tone than the US...

According to the US Department of Labor, US employers have been increasing bonuses and various types of compensation more than staff salaries. Experts believe that this does not necessarily mean an increase in confidence of employers in the state of the economy and business, but rather vice versa....

According to the World Economic Forum (WEF), the number of jobs that would be at risk of being eliminated because of the advancement of use of machines, robots and algorithms at the workplace would be half of the number of new jobs that such technology would create by the middle of the next decade....