Economic nationalism is spreading in the countries of the European Union. As a consequence, the union’s members are now paying less attention to the rules of the single market. The single market, created in 1993, has not actually become truly united, but now actions of the authorities of individual EU countries are increasingly undermining its principles. These countries are introducing their own...

The International Energy Agency (IEA) raised the forecast for oil demand by 0.2 million barrels per day (bpd) in 2017 and 2018, that is, to 97.8 million bpd and 99.1 million bpd, respectively. At the same time, the agency kept the forecast for growth in demand unchanged: it will increase by 1.5 million bpd, or 1.6%, in 2017 and 1.3 million bpd, or 1.3%, in 2018, says the IEA’s December report. In...

The ability to compare prices on the Internet hinders the acceleration of inflation. Thanks to smartphones, consumers can now easily compare prices on the Internet. But this prevents prices from rising and inflation – from accelerating to a target of about 2% in the US and other developed countries. Therefore, their central banks, in particular the US Federal Reserve System (FRS), find it...

The Securities and Exchange Commission of the United States (SEC) may turn its attention to funds that intend to keep their crypto-currency assets on their accounts, CoinDesk writes. The authority, overseeing investment activities in the United States, is going to solve issues related to the regulation of companies holding or investing in digital assets, said Dalia Blass, head of investment...

The European Central Bank (ECB) will consider postponing the date when unpaid bank loans will be subject to other rules. This means that banks will have to allocate more money for possible losses, Reuters reports. Bank loans that are not paid will be subject to proposed new rules that force lenders to allocate more money for possible losses, its chief executive said on Thursday. "The published...

Uncertainty in politics developed countries poses a greater threat to the industrial goods industries than any volatile growth slowdown in China, the world's largest copper producer believes. "The political system of the United States, the UK’s political system, as well as the Europeans, are trying everything possible to increase uncertainty," told chairman of the board of directors of the...

The economic war between the US and China is entering an active phase. The Americans refused to recognize the PRC as a country with a market economy and are preparing another portion of anti-dumping measures. In turn, Beijing is getting ready to respond asymmetrically and in the near future is going to launch a trade in oil futures for yuan, which can be converted into gold. The United States...

Prospects for the "shale revolution" in the United States are overrated, a group of researchers from the Massachusetts Institute of Technology (MIT) has stated. The sharp increase in oil and gas production in recent years is less can be explained by technological progress, and more - by development of the most promising sectors in conditions of low world prices. And this means that the official...

Each country has its own nuances, explained by national, historical or geographical features. It turns out that citizens of different countries solve their housing problem in different ways. What country offers the cheapest mortgage? 1. Japan Mortgage rate: 1.21% Mortgage in Japan is the cheapest in the world. The inflation is very low here, and real estate is very expensive. Tokyo is one of...