The anti-Russian sanctions have started to work. Ruble loses significantly, central bank doubles rates
Disconnecting selected banks from the SWIFT international payment system or freezing the assets of the Russian central bank. These are probably the harshest measures the...
China’s economy is losing its breath because of the coronavirus. Merchants’ sales and industrial...
The decline in retail sales and industrial production are unmistakable signs that economic activity in China is slowing down. Strict anti-epidemic measures introduced by the...
European Central Bank increasingly concerned about persistence of high inflation
The minutes of the July meeting of the European Central Bank show that members of its governing council are increasingly concerned about the anchoring...
Britain’s finance minister has unveiled a plan to consolidate the state budget. There will also...
The head of Britain's state casino, Jeremy Hunt, has a plan to cut the state budget deficit. Using all sorts of measures on the spending...
US stocks weaken as new data on the US economy is awaited
US stocks weakened today as investors await new data on the US economy. The Dow Jones index, which includes shares of thirty leading US...
According to Commerzbank, the European Central Bank (ECB) will cut its key interest rate...
The second largest German bank adjusted its estimate, which initially expected such a move in the final quarter of this year. According to today's...
The Fed prepares massive loans to businesses
According to Treasury Secretary Steven Mnuchin, Fed will play key role in measures to support the U.S. economy
The Federal Reserve will offer up to...
International Monetary Fund downgrades global economy outlook for next year
While this year the world economy's downturn is expected to be shallower than originally anticipated, the outlook for 2021 is slightly worse than previous macroeconomic predictions showed.
The European Commission and the ECB are discussing the digital euro project
The digital euro could start operating in the middle of this year. However, the sharp operation would be preceded by test operation, including its evaluation. The...
WeChat Brand Worth $68B, More than Three Major Chinese Banks
As the leading social networking app in China and the fifth most widely used globally, WeChat saw impressive growth amid the COVID-19 pandemic, both...
