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Global Economic Landscape Shifts As Central Banks Eye Interest Rate Cuts Amid Market Resilience 09/02/2024

Defense spending in EU countries grows to €300 billion 09/02/2024

Marathon Oil shareholders approve merger with ConocoPhillips 09/02/2024

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Economics

Bulgaria Signed an Agreement to Build a Gas Pipeline with Romania and Greece

Bulgaria signed an agreement with Romania and Greece on the construction of the connection between the national gas transmission system, known as vertical gas corridor. It is reported by Wall Street Journal, quoting Deputy Minister of Energy of Bulgaria Zhecho Stankov. The new connection will cost...

Eu zone ministers to not set any more deadlines for Greece

The finance ministers part of the Eurozone negotiations with Greece plan to not set any more deadlines for Greece to come up with reforms to get more funding. The ministers have come to this resolution as the past few deadlines have led to e fallout in negotiations. While Greece is quickly...

Only the Beginning: The First State-Owned Bankruptcy in China

Chinese transformer manufacturer Baoding Tianwei, China South Industries Group’s unit, announced its own default caused by the failure to repay the bonds on time, according to Bloomberg. Tianwei has become China's first state-owned company having defaulted. Prior to this, only private firms...

Shale Revolution in the United States Will Suffocate by the End of 2015

OPEC forecasts a further rise in oil prices this year, as the cartel has managed to win over the shale gas revolution in the US. - Growth of boot refineries that had been provoked by seasonal increase in demand for fuel along with improved refinery profit margin, is likely to contribute to the...

Bolivia’s school meals bolsters the health of its children and its economy

The success of a school meal’s program has gone national. Based on the success of this model it has serve as a guideline for a new law framed by the Bolivian government which emphases the nutritive value of food from local produce, giving a boost to local agricultural industries. Thanks to the...

Renewable energy taking root in Latin America

With the cost of alternative energy playing catch up with that of fossil fuel, countries in Latin America are finding that it easier to switch over to green energy. Earlier oil producing economies have always resisted the tendency towards developing alternative energy sources. But falling oil...

AGL vows to stop using fossil fuels by 2050

Australia's largest power generators AGL Energy has announced that it would do away with traditional coal-fired electricity by 2050 and focus its investment on renewable energy. The company’s new chief executive Andy Vesey made the statement on Friday and vowed to give more...

Emirates will buy Rolls-Royce engines for $ 9.2 billion

British company Rolls-Royce agrees to sell the Trent 900 to the UAE air carrier - the company Emirates - and ensure their continued service. - The success of the Emirates in the last thirty years has been outstanding. For Rolls-Royce had the great honor to be part of this success, the company...

WEF report highlights digital divide amongst world powers

World Economic Forum has released a new report highlighting that many developing countries are not fully utilizing the advantages of Information and Communication Technologies (ICT). The Global Information Technology Report 2015 finds that digital divide is growing within and across...

Ron Paul: US is on the Brink of a Catastrophic Financial Crisis

The US economy may crush, and main reason for it would be dollar economic "bubble"collapse. It is not clear exactly when this happens, but it is obvious that it would be "quickly and unexpectedly," says an American politician. The United States is on the verge of "catastrophic economic crisis,"...