Keeping below the government’s projection, data shows a deficit of “C$21.85 billion” in its budget for the year of 2016-2017. On the 26th of May 2017, Canada came out with a “preliminary budgetary deficit of C$21.85 billion” for the previous fiscal year, whereby the figure equals to “$16.3...

Cisco forecasts that number of robots will surpass the population of developed countries by 2025. By 2032, their intellectual capabilities will be higher than that of a human, and by 2035 robots will completely replace people as a work force. Robots are performing increasingly more routine tasks...

Even if talk becomes action, analysts say that much of a hit from the Trump administration's protectionist rhetoric might not have much of an impact on trade-dependent emerging markets.   In a final communique due to be released later on Saturday at the end of a summit of Group of Seven...

India, one of the fastest growing economies in the world, is ready to oust Germany and become the fourth largest economy in the world by 2022, according to the IMF. By 2032, the country’s economy will grow to $ 10 trillion from the current $ 2.3 trillion. Against this background, the analytical...

Norway is trying to take new measures to prevent foreigners from increasing their share in offshore fields in the country. Apparently, this move is aimed at Russia, whose interest in Norwegian oil and gas projects has grown recently, Bloomberg reports. In recent proposed changes to the sectoral...

Cost of new private companies like Uber and Airbnb has reached $ 490 billion, having increased several times over the past four years. Experts explain this by the inflow of new funds into high-tech start-ups, many of which are not yet rushing to enter the exchange and remain private companies....

Since the cartel discovered it had a surprise rival emerging in a core market for its oil around five years ago, the history of the relationship between OPEC and the U.S. shale oil industry has evolved a great deal.   In a bid to understand whether the two industries can co-exist or are...

Softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter for the U.S. economy as it slowed less than initially thought in the first quarter.   The Commerce Department said in its second GDP estimate for the first...

Japan takes gender equality or inequality very seriously. Although this, of course, is not the main problem of the country now. Nevertheless, Japanese Prime Minister Shinzo Abe presented "womenomics" as his progressive policy on raising the status of women. When he launched his program for the...