The threat of closure of the Bab-el-Mandeb Strait and the Strait of Hormuz forces exporters to look for roundabout routes for the export of Middle Eastern oil. Last week was marked by alarming news from the Middle East, which could have a serious impact on the oil markets. First, Iranian President Hassan Rouhani, along with one of the commanders of the Iranian Revolutionary Guards Corps,...

Analysts at Moody`s forecast a continuation and toughening of the trade war between the US and China and the introduction of new measures by both sides. The trade conflict will have a negative impact on world economic growth, and the US and China will largely overcome this negative impact on their economies. Moody's expects new measures from countries during the trade conflict, for example, the...

Fires, floods, drought, abnormal heat. Every day, the climate change is becoming more influential. Last year, natural disasters around the world caused economic losses of $ 353 billion. At the same time, 2017 became the third hottest year in the world history of meteorological observations since 1880. This year, different countries of the world are also struggling with natural disasters that have...

IT corporations, including Facebook, Google, Twitter, LinkedIn, Uber, give their employees natural bonuses and benefits, Including provide free lunches, in addition to high salaries. The authorities of California believe that this harms the economy of the region. Last week, several members of the San Francisco Board of Supervisors introduced a bill that would prohibit corporations from creating...

France is opposing conclusion of a comprehensive trade agreement between the European Union (EU) and the US, but still wants maintains a dialogue on trade issues with US partners. The Minister of Economy and Finances of the country Bruno Le Maire told this the AFP. "We do not want to enter into negotiations on a certain big agreement, we saw restrictions on this with the example of the TTIP...

Hyperinflation in Venezuela is gaining momentum against the backdrop of the most severe financial, economic and humanitarian crisis that has been going on for five years. Tens of thousands of Venezuelans are leaving the country in search of a better life in Brazil and Colombia. The IMF warns in the updated forecast of the development of Latin America that the "diseases" of Venezuela are...

The new Secretary of State for Exiting the European Union of the UK Dominic Raab has already proved that it will be more difficult to deal with him than with his predecessor. In an interview with the Sunday Telegraph, Raab bet 39 billion pounds ($ 51 billion). This is a sum, which London must pay to Brussels, leaving the European Union, and it is directly dependent on a trade agreement between...

The former vice-president of the analytical company Cambridge Analytica and the chief strategist of the election campaign of Donald Trump Steve Bannon has entered the pre-election race in the European Union. Ten months before the elections to the European Parliament, the American edition of the Daily Beast reported: Mr. Bannon is setting up a political fund for the support of extreme right-wing...

The crisis of trust between the world trade participants can have a more negative impact on the world economy than the direct introduction of duties, experts of the International Monetary Fund (IMF) estimated in an analytical report prepared for the meeting of finance ministers and heads of central banks of G20 member countries in Buenos Aires. The maximum losses in this case will reach 0.4-0.5%...