In context of Britain and the European Union, Osborne thinks that the world economy is at a risky age. On Friday, the 26th of February 2016, the Finance Minister of Britain, George Osborne, stated that the global economy is going through a peak of risky period. According to him, it is the “most...

Recently, there was rumors that a storage in the largest oil hub in the United States - Cushing – is filled almost to capacity. However, such a large stock may not be linked to oversupply and lack of demand. Earlier this month, Reuters reported that there are about 8 million barrels left to a full...

In spite of marking the highest public sector’s “net burrowing” figure in eight years, the UK finances underperform in comparison to analysts’ forecast. The rise in the UK Government finances in the beginning of the year came in as the result of increment in tax collections that usually takes place...

Every traveler, whose plane landed in Tehran's international airport, becomes a client of the Islamic Revolution Guards Corps (IRGC) - regardless of whether he wants it or not. The elite military-political formation manages Tehran Imam Khomeini International Airport in the Iranian capital, and...

The volume of Japan's exports fell sharply in January, as the country's economy found itself in a very difficult position amid the global financial crisis and falling demand in China and other major markets. According to Japan's Ministry of Finance, exports fell by 12.9% year on year last month,...

Hard hit by falling oil prices which make up 95% of foreign income, Venezuela’s president, Nicolás Maduro, has announced the first rise in petrol prices in 20 years and a sharp devaluation of the currency which he said aimed to shore up the flailing economy.   From 0.097 bolivars to 6...

The price drop in various markets has led to the decrease in living cost in the United Kingdom. The beginning of the 2016 brings good news to the UK dwellers as the cost of living in the United Kingdom has just come down further. The said decrease is the result of the price decline in footwear,...

The approaching Lunar New Year in China brings good tidings for the loan applicants as their quota was made broader. China exceeds the loan expectations for the month of January followed by a boost in “increased injections” that came from the Central Bank before the “Lunar New Year”.   As...

Suggesting that two interest rate hikes are likely this year, a Reuters poll says that growing concerns about weak global growth and inflation are unlikely to deter the U.S. Federal Reserve from tightening policy.   With some market players suggesting it was a mistake and that...