EU authorities have established new fiscal targets for Spain and Portugal after cancellation of penalties to these countries for the failure of budgetary obligations. Eurozone finance ministers said that Portugal should implement consolidation measures in the amount of 0.25% of GDP in 2016. The...

After Republican presidential nominee Donald Trump gave a glimpse of economic agenda in a speech in Detroit on Monday, it is but pertinent to compare his strategy with both the current situation and the ideas from Democratic nominee Hillary Clinton, including some of Trump's main...

In its efforts to stave off the worst of a cash crunch among its banks, Saudi Arabia may be embarking on a new phase.   Sources conversant with the functioning of the kingdom’s banking system said that to help ease liquidity constraints, about 15 billion riyals ($4 billion) in short-term...

Brazil now is full of problems: the economy is in recession, high-ranking officials proved involved in the corruption scandal around Petrobras, President was barred from the office, Zika virus epidemic continues. Athletes and fans came to the Olympics in Rio de Janeiro have already encountered...

An ominous message has been delivered by one of Wall Street's most closely followed bulls about how the Zika health crisis could impact markets in the weeks to come even as fear mounts around the global impact of the virus.   The markets have been surprisingly placid in the face of the...

Manufacturers and sellers of Scotch whisky recorded growth of export sales. This was facilitated by depreciation of the pound against the background of the Brexit referendum’s results and decision of the Central Bank of England. Manufacturers and sellers of Scotch recorded significant growth in...

Britain's oldest independent think-tank is of the opinion that the first quarterly contraction in almost four years would be marked this time as the U.K. economy is likely to shrink in the three months following the Brexit vote. The National Institute of Economic and Social Research (NIESR) said...

As Prime Minister Shinzo Abe seeks to bolster the economy without abandoning targets for improving fiscal health, Japan’s government announced 4.6 trillion yen ($45 billion) in extra spending for the current fiscal year.   The government said that more investment was needed to expand the...

Didi & Uber, the ride-hailing rival in China get support from Chinese government who still curbs “its behaviour”. Online “ride-hailing services” got a green signal in China, whereby the country has issued guidelines establishing a framework that has been long waited for. The recently issued...