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Poland repatriates 100 tons of gold from London

Poland repatriates 100 tons of gold from London

A hundred tons of gold, or about 8 thousand bars, has been recently delivered from the Bank of England to Poland. This was the largest movement of precious metal between the central banks of different countries.A week and a half ago, G4S International Logistics began the gold repatriation operation.
14:16 2019-12-10 UTC+00
Germany’s unemployment rate remains steadily low

Germany’s unemployment rate remains steadily low

The last month of the year turned out to be positive for the German economy. The unemployment rate dropped unexpectedly, boosting the market’s confidence. The stabilizing manufacturing industry became the main reason for this improvement. According to the existing data, the number of unemployed has decreased by 16 thousand in contrast to estimates for an increase of 6 thousand.
08:39 2019-12-09 UTC+00
US sanctions unlikely to stop construction of Russian pipeline

US sanctions unlikely to stop construction of Russian pipeline

Construction of Nord Stream 2 is practically finished, however, the US authorities are still trying to kill the energy project. At the moment, the White House is developing a new bill that would impose sanctions primarily on the companies that are participating or just planning to participate in the pipeline construction.
14:54 2019-12-06 UTC+00
Venezuela’s government squanders people’s money

Venezuela’s government squanders people’s money

Venezuela’s authorities continue to profit from the ordinary people. According to the recent survey of government spending, the greater part of the money that the country receives for selling natural resources is used to pay debts to Russia and China. Most people in Venezuela do not have a permanent income. Moreover, the government is not able to provide people with living essentials.
11:03 2019-12-06 UTC+00
OPEC ready for deeper production cuts

OPEC ready for deeper production cuts

Nowadays, due to the current situation in the oil market, major oil producers have to cut their production further. It is reported that OPEC decided to significantly reduce oil extraction. Another possible solution for the cartel is to extend the current agreement for three months. According to preliminary estimates, production restrictions can increase up to 400 thousand barrels per day.
16:47 2019-12-04 UTC+00
Six more countries join INSTEX

Six more countries join INSTEX

At present, it is rather difficult to carry out money transactions in some Asian countries because of particular geopolitical factors. However, six European countries have come to a joint decision that suits both Iran and governments of such countries as France, Germany, and the UK.Paris, London, and Berlin welcomed six new European countries to the INSTEX barter mechanism.
12:33 2019-12-04 UTC+00
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