Ice age of austerity in Europe is rapidly melting. The reason is not the most favorable: this is terror and aggravating situation in the "hot spots". According to forecasts of IHS, in the next 4 years, EU spending on defense and homeland security will grow by at least 50 billion euro compared to...

The under-performance of German retail sales’ market brought in its share of disappointment. The closing month of December 2015, saw a drop of “0.2%” in the retail sales of Germany, while the real terms failed to meet the expectations of a “revised 0.4%” seen in the previous month, informed the...

The economic slowdown in the French euro zone is not as alarming as it appears, says economists. According to the economists, amid the slowing down trend of the economy of France during the end of 2015, the data seemed to be stranger than what “they appeared”. Moreover, the reason for the dip has...

Stunning investors with another bold move to revive the economy as volatile markets and slowing global growth threaten its efforts to beat deflation, the Bank of Japan unexpectedly cut a benchmark interest rate below zero on Friday.   In an aggressive policy pioneered by the European Central...

Venezuelan President Nicolas Maduro hopes to persuade major oil producers to take concerted action "stop this madness" on the market to. By the "madness", he means the drop in prices to a level of $ 30 per barrel. For Mr. Maduro, recovery in oil prices is crucial given the political crisis in the...

Hungary and Cambodia to boost their economy through trade confirms an agreement. On the 14th of January 2016 Hungary and Cambodia signed onto a “mutual investment protection” agreement whereby both the countries will boost their economy by paving the way through “trade relations”.   The...

Oil decline and sanctions over the conflict in Ukraine that curbed access to international financing has forced Russia's economy to get contracted the most since 2009 last year as the country faces renewed pressure from plunges in energy prices and the ruble.   The Federal Statistics Service...

With a renewed slide in oil prices giving investors few reasons to reassess a darkening outlook for the global economy, a plunge in Chinese share markets capped a miserable day for Asian equities on Tuesday.   With MSCI's broadest index of Asia-Pacific shares outside Japan falling 1.5...

Extending gains from Friday after a rally in battered oil prices prompted a rise in global equities, shares in Chinese and other Asian markets began the week on a firmer note. With Japan’s Nikkei nudging 1% higher and MSCI’s broadest index of Asia-Pacific shares outside Japan up 1.6%, other stock...