In January-November, China’s trade with the United States against the backdrop of the trade war lost 15.2% compared with the same period in 2018, rolling back to the level of $ 494.45 billion, follows from the data of the PRC Main Customs Administration on December 8. The preliminary summary of the Chinese customs officers does not contain data on the shares of foreign trade partners, and it is...

Japan introduced a $ 120 billion fiscal stimulus package to support the growth of the world's third largest economy, Reuters reports. Japanese Prime Minister Shinzo Abe announced a fiscal measures package worth 13 trillion yen ($ 119.7 billion). The government is expected to unveil the details of the package after it is approved by the cabinet. “We managed to put together a strong political...

The British Virgin Islands will launch their own cryptocurrency and tie it to the dollar. The territory has one of the most favorable legislation regarding digital currencies, which has made the islands a haven for several large crypto companies. Overseas territory of the United Kingdom Virgin Islands will launch its cryptocurrency, according to Bloomberg. Now the islands use the US dollar as the...

Beijing reacted to adoption of the United States laws to support Hong Kong protests. On Monday, China imposed sanctions against US non-governmental organizations involved: according to Beijing, they are inciting chaos in Hong Kong. Also, American warships and planes will no longer be allowed there. Beijing says that despite ongoing protests and their support from abroad, any anti-Chinese forces...

The country's authorities lowered the forecast for GDP growth in 2019, noting a deterioration in export dynamics and a reduction in capital expenditures in several sectors of the economy. The Central Bank of South Korea announced that interest rates remained at a record low for the country of 1.25%, while the forecast for GDP growth rates for the year was reduced to 2%. For the South Korean...

The Israeli Foreign Ministry believes that the decision of governments of six European countries to join the settlement system with Iran INSTEX (Instrument in Support of Trade Exchanges) can be used by the Iranian authorities to tighten repression within the country. "Belgium, Denmark, Finland, the Netherlands, Norway and Sweden could not choose the worst time," the statement said. In this...

US President Donald Trump said he has signed two bills on Hong Kong, previously submitted by two houses of the US Congress. "I signed these bills out of respect for President Xi (PRC President Xi Jinping), China and the people of Hong Kong. The bills are being put into effect in the hope that the leaders and representatives of China and Hong Kong will be able to peacefully resolve the...

Alberto Fernandez said he would not ask the fund to transfer $ 11 billion, the remaining of the total loan of $ 57 billion. "I don’t know if the remaining money will come under the agreement, which states that Argentina will be sent $ 57 billion. To date, they sent $ 45 billion, $ 11 billion remains. I need to solve a huge problem, will I really ask for another $ 11 billion? I want to stop asking...

The Global Forum on Transparency and Exchange of Information for Tax Purposes published a report on the results of ten years of activity of developed countries in this field. An international Convention on Mutual Administrative Assistance in Tax Matters was proposed for signing in 2010, which significantly increased the number of bilateral data exchange agreements. In 2019, the data exchange...