The global CB’s actions could trigger a new crisis, according to CEO of GAM Holding Alexander Friedman. As he notes in his article on the Project Syndicate, unprecedented measures, taken by central banks to stimulate the economy, will eventually become the cause of the global crisis. In his book that won the Pulitzer Prize, the economist Liaqvat Ahamed tells the story of how four central...

The project to create a European data bank of the on passenger air transport lays on strict requirements for the storage and transfer of information to third countries. The European Parliament's Civil Liberties Committee approved on Wednesday the project of creation of data bank on air passenger transportation (Passenger Name Records, PNR) in the EU, access to which will be open to national...

After the Chinese authorities imposed a huge number of restrictions on its stock market, quotes began to grow and play a significant part of the losses. But what lies behind this recovery? Today, both CSI-300 Index and FTSE China A50 have tumbled again, although about 30% of stocks in these indices are still traded. It is worth noting that in the Shenzhen Stock Exchange, a lot more shares than in...

Several economic conditions have led to the crumbling of the bearish oil market, chief amongst which are the reaching of a nuclear deal with the US, as well the non-existence of the “Grexit” scenario. With Iran closing in on a nuclear deal which would effectively ensure that it would break free of the shackles of sanctions imposed by the United States, oil prices have reached a new low. The end...

Once again, the Greek events forced talks about the advantages of Bitcoin. Many observers see an economic panacea in the cryptocurrency and predict a radical restructuring of the global financial system. However, it is not obvious that the big banks and big government lost the battle with cyberanarchists. April 1 this year, one of the Greek Internet resources announced the intention of the...

An Italian company, which sells computer software for tracking and espionage, has itself become a victim of hackers. More than 400 gigabytes of private information got public. Hacker attacks, or in other words, hacking other people's computer systems are outlawed. Nevertheless, this did not restrained the police and intelligence agencies around the world from the use of such methods - mostly...

Chinese authorities allowed the independent refiners and foreign companies to import more oil. According to sources, the resolution on oil imports means extra supplies to China, up to 600,000 barrels of crude per day. This initiative will allow the second-largest oil consumer to buy more crude in the market.   China's largest independent refiner Shandong Dongming Petrochemical this week...

With mostly A-shares being affected by the dramatic fall of the Shanghai Stock Exchange, U.S investors are still clinging on to the strength of the Chinese economy. A few U.S investors think the Chinese intervention to prop up its crumbling stock market has not had its expected results. With the prices of stocks reaching a new low, the present provides an opportune moment in acquiring a new...

The French multinational automobile manufacturer, Groupe Renault, has launched its brand new car – The Talisman - that has been designed to take on German automobile heavy weights such as BMW and Mercedes. It will be showcased in the Frankfurt Auto Show in September, later this year. One of France’s leading car manufacturers Renault has recently launched its new Talisman model, displacing the...