Saudi Arabia has no plans to increase oil production in the light of the introduction of US sanctions against the Venezuelan state-owned company PDVSA, The Wall Street Journal reported. According to sources in the kingdom, Riyadh is not currently going to increase production volumes, as it was in the case with Washington declaring restrictions on Iran’s oil industry. "Last time, when the US...

Last year was not easy for the main European economy. The economy of Germany resisted, but it was in a fever, and in the second half of the year it almost slipped into recession. In addition to well-known issues, there are problems that are less known and noticeable. One of them is the German rivers, which were shallowed in the summer of 2018, which, according to calculations by JPMorgan...

Europe’s mechanism of circumventing sanctions against Iran will commence working in the coming days. This was said on the air of France Inter Radio by French Finance Minister Bruno Le Maire. The mechanism is an independent financial institution, which will be created jointly by the UK, France and Germany. According to Le Maire, such a mechanism will make it possible to demonstrate that Europe...

Relations between Italy and France has sharpened. It was initiated by Deputy Prime Minister of Italy, Head of the Interior Ministry, the leader of the right-wing party Lega Nord Matteo Salvini, who is considered the most popular politician in the Apennines nowaday. He gained popularity thanks to his irreconcilable fight against migrants, whom he refuses to allow on the Italian coast, and with...

Volume of Japanese exports in December 2018 declined at a maximum rate in more than two years due to a sharp drop in demand from China. Against this background, last year Japan recorded a deficit in the balance of foreign trade for the first time in three years. The volume of exports from the country in December fell by 3.8%, according to data from the Ministry of Finance. The decline was the...

Former California Attorney General, Democratic Senator Kamala Harris, officially announced that she was going to run for the presidency of the United States in 2020. She became the first female candidate for presidency of African American descent. In addition to her, eight prominent Democratic politicians have already announced their intentions to take part in the presidential race. The total...

On Monday, social networks and independent media of Venezuela spread information that a unit of the National Guard soldiers stationed in Caracas refused to obey orders of President Nicolas Maduro and called on citizens to disobey. Soon, the authorities announced arrest of "a small group of raiders and traitors of the motherland" who were going to "create violence and alarm the population." These...

Japan, following China, South Korea, India and Turkey, resumed imports of Iranian oil. This was announced on Monday by the head of the Central Bank (CB) of Iran, Abdolnaser Hemmati. “Following China, South Korea, India and Turkey, Japan also began to import Iranian oil,” IRNA quoted him as saying. “Gradually, new revenues from the sale of hydrocarbons will flow into the country's economy.” He...

The political environment is putting pressure on German exports, the main engine of the German economy, and threaten it with a technical recession. After a decade of economic boom, thunderclouds appeared in the political sky. They are beginning to increasingly affect the state of the global economy. So, the forecast for its growth for this year, according to Consensus Economics, is below 3% for...