It has bene decades that U.S. has been entangled in a trade spat with China, said Steve Bannon, former top advisor to US President Donald Trump, to the media.   "We're at war with China," Bannon said, while applauding Trump for taking the Chinese head on. "We're winning."   It has...

Finnish Prime Minister Juha Sipila said on Tuesday that the country has had to shell out was total of about 10 million euros (11.66 million U.S. dollars) towards the organization of the summit between U.S. President Donald Trump and Russian President Vladimir Putin.   On Monday, Helsinki in...

Tehran hopes to protect its oil industry with the help of Asian buyers and, first of all, the Chinese. Washington demands that no one buys Iranian oil, and threatens those disobedient with strict sanctions. The fate of the Iranian oil industry will largely depend on behavior of the largest...

The EU-Canada Comprehensive Economic and Trade Agreement (CETA) will be opposed by Italy as the country’s Deputy Prime Minister Luigi Di Maio said that his country would not ratify deal.   According to the European Commission, Canada has agreed to eliminate customs duties on EU exports worth...

Following the market shaking statement of Italy’s “European Affairs Minister”, the EU commissioner expressed his views. Last week, the Economics Commissioner of EU stated that the future of Italy in the “euro zone” was not something that concerned him. This statement came following an Italian...

The shipping association of one of the very critical port cities of the world claim that the escalating U.S – China trade war has not yet shown any significant evidence of impact on the shipping sector.   “In the container segment there is no clear evidence as yet, of any major impact,”...

EU Bloc seems to be determined to stand by each other on U.S. tariff threats. Last week, Finance Minister of France, Bruno Le Maire said that the countries of EU bloc continue their strong union when it comes to trade. And the unity will stand, without any fissure, against the threats of the U.S....

US stock indices rose on Thursday. Nasdaq Composite jumped to a record high on the basis of trading results due to the rise in the share price of information technology companies. Indicators of 10 of the 11 major S&P 500 industry groups increased at the market closure; the subindex of the...

On the morning of July 10, a barrel of the Mediterranean brand Brent traded in London at $ 78.5. In the afternoon, the September futures were already worth $ 79.06 per barrel on the London Stock Exchange ICE. This growth would not look so alarming if the major oil-producing countries had not taken...