Economy

The United States authorities has tightened export restrictions on the supply of goods to Russia, China and some other countries. The two new ...

From now on, IDBank is the strategic partner of the initiative of Idram Company, ''The power of 1 dram''. The program is aimed at the development of ...

Tankers carrying nearly two months' worth of Venezuelan oil output are stuck at sea as global refiners shun the nation's crude to avoid falling foul ...

Europe could face a shortage of oil within the next decade, making a move to increase the use of low carbon energy even more urgent, Report informs, ...

China does not exclude that the USA tries to strengthen the sanctions pressure decides to forbid him to use the dollar as settlement asset. This was ...

While most countries experienced some form of shutdown, the findings in the SME Competitiveness Outlook highlight that it was lockdowns in China, ...

Spot gold prices went on record, reaching 1758,83 per ounce (plus 0.9 percent). About it writes Bloomberg.This year, gold prices rose by 15 percent, ...

Vice President Mike Pence delivered an optimistic message about the ability of Michigan’s economy to bounce back after the COVID-19 pandemic ...

Apple said Friday it has decided to close 11 stores in four states in which coronavirus infections are surging. The decision comes just weeks after ...

British Airways, easyJet and Ryanair have asked for a judicial review of the British government’s decision to impose a 14-day quarantine for ...

Zara owner Inditex will close up to 1,200 smaller stores by 2021 and will instead focus on its bigger stores and online sales. The announcement ...

Apple and Microsoft were the first companies whose capitalization reached $ 1.5 trillion. This happened during regular trading on the NASDAQ ...

The U.S. national debt has just reached 120.5% of the nation’s annual economic output, breaking a record set in 1946 for the highest debt ...

By the end of 2020, global gas markets will experience the “largest recorded demand shock in the history.” This is stated in the report ...

Saudi Arabia’s steep hikes to its crude prices for July have shocked some Asian refiners even as the region leads a rebound in global energy ...

Constantly improving and attaching great importance to the wishes and suggestions of the customers, the digital platform of IDBank and Idram already ...

Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value ...

Japan is looking to boost tourism by subsidising a portion of travellers’ expenses, as the country lifts its state of emergency and eases ...

The biggest independent shale oil groups in the US reported a record combined loss of $26bn in the first quarter as the sector braces itself for a ...

Sweden’s unemployment rate rose more than expected in April as the effects of the Covid-19 crisis continued to wreak havoc across the Nordic ...

A month after U.S. crude oil prices collapsed into negative territory, European gas markets are facing the prospect of also slipping into the red ...

Argentina missed interest payments to international creditors on Friday, thrusting the economically besieged country back into default territory.But ...

The U.S. Commerce Department said on Friday it was adding 33 Chinese companies and other institutions to an economic blacklist for human rights ...

The number of U.S. citizens filing for unemployment increased to 38.6 million since March 18, according to the Bureau of Labor Statistics. Over the ...

Researchers at an energy think tank affiliated with China National Petroleum Corp (CNPC) are calling for the reform of China’s fuel pricing ...

Minister of Industry and Information Technology Miao Wei said on the 20th that as of May 18th, the average operating rate of the industrial ...

Venezuela's central bank has made a legal claim to try to force the Bank of England to hand over €930 million ($1.02 billion) of gold so ...

Supply Lines is a daily newsletter that tracks COVID-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest ...

Shareholders in the now defunct Russian oil giant Yukos have seized Netherlands-based assets of two well-known vodka brands controlled by the ...

China, in response to the US plan to block the supply of semiconductors from world chip manufacturers Huawei, is ready to take some countermeasures, ...