The EU budget will lose up to 15 billion euros due to Britain's withdrawal from the bloc. The European Union is looking for ways to compensate for the loss of 12-15 billion euros per year in its budget due to Britain's withdrawal from the bloc. The European Commission wants to do this through fees...

Growing interests of Chinese bitcoin traders’ in energy rich Quebec show a shifting trend of bitcoin mining sources. The “Bitmain Technologies” of China is looking into Quebec’s “bitcoin mining sites”, revealed a spokesperson of the company, amid expectations of a potential cryptocurrency crackdown...

Experts of the consulting company Korn Ferry analyzed situation in different countries of the world. They compiled a rating of the countries with greatest growth of real wages in the coming year. 1. India Projected growth in 2018: 4.7% Over the past two decades, the economy of India has...

According to the World Bank’s Global Economic Prospects released on Wednesday, India is expected to be the fastest growing major economy again in 2018 with a growth rate of 7.3% in the year after the economy conceded the top spot to China, among the major eocnomies, for a year in 2017.   The...

Indian Prime Minister Narendra Modi relaxed restrictions on foreign direct investment in several sectors, including allowing foreign carriers to invest in the state-owned airline Air India Ltd. to revive the growth of Asia's third largest economy, Bloomberg reports. Foreign carriers can buy up to...

Finland government has proposed a plan to stop the use of coal by 2025 rather than the 2030 deadline that was earlier set by it last week end. And this proposal drew sharp comments and resentment from the Finnish energy industry.     While it is fact that over the next ten years, there...

Two of the largest airlines of the Middle East and indeed that of the world aviation industry - Emirates and Etihad Airways, have agreed to cooperate with each other on security matters. The two United Arab Emirates (UAE) based airways signed a security pact to that effect on Monday.   The...

Specialists of Barclays Bank revised their forecasts for the growth of world GDP, and now these figures are higher. In 2018, the world economy will grow by 4.1%, in 2019 - 3.9%. Other observers - the International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development...

Resumption of negotiations between South and North Korea is reducing the risk of conflict and, as a result, is lowering threat of serious shocks to the global economy, Bloomberg reports. This opinion was expressed by the chief economist of DBS Group Holdings Ltd. based in Singapore Taimur Baig....