The main consumers of oil on the planet, China and India, are about to conclude a formal agreement and establish a kind of oil importers club. This even will probably play a huge role in shaping the price of the resource. Neither Delhi nor Beijing has officially confirmed the information. However, this is not the first time when the two most populous countries on the planet, the relations between...

Production activity in April increased in some parts of Asia. However, the recovery looks unsustainable, as global demand remains constrained, Reuters writes. The Purchasing Manager’s Index (PMI) showed that manufacturing activity declined in Malaysia and Taiwan last month, slowed down in the Philippines and Indonesia, and rose in Vietnam and Thailand. Head of the Asian studies ANZ notes, the...

The UK leaving the European Union may weaken the pound sterling. Central banks of different countries said they would reduce the share of the British currency after Brexit. The exit from the European Union could lead to a weakening of the pound sterling, or even a loss of the status of its reserve currency. This is evidenced by a study of the specialized journal Central Banking Publications...

LobbyControl organization has issued a report on lobbying in the European Union. The paper’s main conclusion is that large concerns still have too much power in Brussels. In recent years, the European Union has taken certain steps towards reducing influence of lobbyists on political decisions, but this is not enough. This is the conclusion made by the public organization LobbyControl and...

The United States, China, Saudi Arabia, India and France are spending more on arms purchases than all the rest of the world combined, according to a new SIPRI report. The sum of 1 trillion 822 billion dollars was spent in 2018 on armaments around the world. This is 2.6% more than a year earlier, says the Stockholm Peace Research Institute (SIPRI) in its new report, published on Monday, April 29....

The United States will continue to assist South Korea in finding an alternative to importing Iranian oil, Francis Fannon, United States Assistant Secretary of State for Energy Resources, said in an interview to Yonhap. "I think the alliance between the USA and South Korea is definitely strong. (...) I can say that the ongoing discussions to help South Korea, these discussions that have been going...

Unexpectedly, the second economy of the planet has surpassed economists' forecasts and added 6.4% in the first quarter, mainly due to a sharp increase in industrial production in March. In recent months, the Chinese economy has been slowing down. However, measures of the Chinese authorities to stimulate the economy have already brought the first results. The State Council (government) of China...

According to the 25th annual report of the Global Financial Centers Index, New York has become the largest financial hub in the world. The index ranks cities by parameters such as the business climate, human capital, infrastructure, financial sector development and reputation. 10. Frankfurt am Main Frankfurt am Main is the fifth largest city in Germany with a population of 732 thousand...

Dublin was once the world capital of whiskey. In its heyday in the 19th century, Irish whiskey accounted for about 60 percent of global whiskey consumption. Almost all production was located in Dublin with its world's largest factories. But then the decline began. By the beginning of the 60s of the 20th century, several whiskey enterprises were still operating in Ireland, but soon they were...