A former International Monetary Fund (IMF) economist believes that everyone in the world would be hit by a fallout of the soaring debt levels in China which were a source of serious concern.   "If there's a country in the world which is really going to affect everyone else and...

Saudi Arabia's state-owned oil company Saudi Aramco increased production to a record level of 10.5 million barrels per day at the end of 2016. Experts note that in many respects such dynamics are connected with the fact that Saudi Arabia sought to protect its share of the oil market, especially...

The European Commission's chief Brexit negotiator Michel Barnier said on Thursday that the U.K. cannot expect to leave the single market and keep all of its trade benefits.   If the U.K. decided to leave the EU's single market, "frictionless trade" between Europe and the U.K. would "not (be)...

The way for Israeli firms to access millions of consumers and for Indian companies seeking advanced technologies would be paved by a string of deals signed this week between India and Israel which reflected wider cooperation apart from the long standing cooperation in defense between the two...

Germany is concerned that US President Donald Trump can launch a trade war with Europe, German Foreign Minister Sigmar Gabriel said on Thursday before the G20 summit in the port city of Hamburg. "There are things that cause great concern with that the United States is starting a trade war with...

On Thursday, The European Union and Japan are expected to sign a free trade agreement to protect themselves from the emerging policy of protectionism in the US under President Donald Trump, Reuters reports. Confirming on Tuesday that Japanese Prime Minister Shinzo Abe will meet with heads of EU...

On Monday, China and Hong Kong launched the Bond Connect program. This is cross-traded bonds, which open access to the market of China's debt securities for foreign investors. The market’s volume is estimated at $ 9 trillion, writes The Wall Street Journal. China is fulfilling its promises to...

Inflation check comes from a careful consideration of interest rate hike. The chief economist at BoE, Andy Haldane, stated that the central bank needs to consider the issue of interest rate hike to keep a check on “inflation”. However, he seemed happy with “current level” of interest rates.  ...

Blockchain could replace experience in the aviation engineering sector. The aerospace industry experts turn to Blockchain technology to reduce the maintenance cost of planes. Blockchain has the ability to gather information from multiple parties as a “single ledger”, which then are made accessible...