The US sanctions have been imposed in connection with European aircraft manufacturing concern Airbus receiving illegal subsidies. The sanctions in the amount of $ 7.5 billion will enter into force on October 18. The World Trade Organization (WTO) has officially approved the US decision to impose large-scale trade sanctions on goods from the European Union. The sanctions are associated with...

The inflation accumulated from the beginning of the year in the republic amounted to 3326%, and the annual inflation from October 2018 to September 2019 rose to 50 100%. From January to September of this year, inflation in Venezuela exceeded 3320%, wrote a member of the Finance Committee of the National Assembly of the Republic Alfonso Marquina on Twitter. “In September, inflation reached...

The Cuban Parliament elected Miguel Díaz-Canel, Chairman of the State Council, as President of the country. This is a historic event: there has been no President in the country for 40 years, and a change in the country's constitution was required to introduce this position. The Cuban parliament has elected Miguel Díaz-Canel, Chairman of the State Council, as President of the country. The post of...

The United States lost the first place in the list of the most competitive economies in the world to Singapore, according to the World Economic Forum. The United States dropped to second place in the annual ranking of the world's most competitive economies, which was published by the World Economic Forum (WEF). Experts noted that the performance of the United States is affected by the uncertainty...

Escondida copper mine in Chile will switch to renewable energy, said BHP Group’s mine owner Jeff Healey. According to Bloomberg, he told this at a presentation to investors. The company is in the final stages of negotiations on a long-term contract for the transfer of the mine to renewable sources. BHP expects that this measure will help reduce production costs. The agency considers BHP’s...

German Finance Minister Olaf Scholz believes that the country should not lag behind other states or private companies with the issuance of digital currency, reports Wirtschafts Woche. “Such a payment system would be useful for the financial center of Europe and its integration into the global financial system. We should not leave this field of activity to China, Russia, the United States or any...

French President Emmanuel Macron said in a telephone conversation with British Prime Minister Boris Johnson that he would consult about the Brexit position by the end of the week, AFP reported referring to the Palais'd Elysees. Mr. Johnson said in a conversation that he was not going to postpone the UK exit from the EU. The agency added that Mr. Johnson “presented his final proposals” on Brexit...

The World Trade Organization (WTO) recently confirmed the US possibility to impose duties on European goods. Accordingly, the country will introduce a number of similar measures on October 18, Bloomberg reports citing unnamed representatives of the US Department of Commerce. The United States will introduce duties of 10% on aircraft from the EU, but not on aircraft parts. In addition, 25% duties...

The Central Bank of Australia cut its key interest rate for the third time this year and pointed to the possibility of further reductions. The Reserve Bank of Australia cut interest rates by 25 basis points to a record low of 0.75% per annum. The decision of the regulator coincided with expectations of most economists. The central bank has already cut rates in June and July. "The Council will...