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...

Starting from October 1, Japan increases its consumption tax from 8% to 10%, despite concerns that this would worsen the country's economy. Most of all, the tax hike is expected to affect poor families who have so far barely made ends meet, Kyodo News notes. Despite the fact that the majority of foodstuffs and drinks were taken out of the high taxation, the increase in prices for other everyday...

Kristalina Georgieva, the sole candidate from the European Union, was elected for the post of managing director of the International Monetary Fund (IMF) for five years. The representative of Bulgaria was previously a member of the European Commission, and recently was the Executive Director of the World Bank. Georgieva, who will be the first leader from a country with a developing economy in...

The UN climate summit ended in New York on Tuesday. No serious new promises were made to reduce greenhouse gas emissions, but many countries and companies announced renewal of renewable energy development plans, investments in the green economy and UN climate funds. From the results of the summit it follows that the climate agenda is still listed among the priorities of international politics,...

Christine Lagarde, who is preparing to take the post of chairman of the European Central Bank, considers the trade war between the US and China the biggest threat to the global economy. Lagarde, who has been heading the International Monetary Fund since 2011, and will head the ECB on November 1, said the mutual duties between the United States and China would reduce global economic growth by 0.8%...

En + Executive Board Chairman Greg Barker has called on the London Metal Exchange (LME) to oblige aluminum producers who use the site to sell metal to disclose their carbon footprint. “As a first step towards significant emission reductions, every company in the sector should be much more transparent in disclosing carbon emissions from aluminum production,” Lord Barker, formerly UK Energy...

The global climate strike, scheduled for September 20, is expected to be held in 160 countries. Employees from major global corporations will take part in the event: for instance, more than 15 thousand employees of Amazon and employees of Microsoft are planning to join the protest in New York. Meanwhile, Head of Amazon spoke about the company's efforts to preserve the climate and the transition...