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Experts admit standoff between US and OPEC

Experts admit standoff between US and OPEC

US lawmakers are forging ahead with legislation against oil cartels for their practice of boosting oil prices. On April 26, the US House Panel discussed a bill that would allow the US to file lawsuits against the OPEC and other oil producing countries. The draft bill is still on the table at the House of Representatives.
14:14 2021-05-05 UTC+00
Europe’s economy faces recession

Europe’s economy faces recession

According to analysts at The New York Times, the eurozone economy contracted by 0.6% in the first quarter of 2021 which is a clear sign of a recession. The economic downturn has been caused by the COVID-19 restrictions in some European countries and the lack of stimulus measures.
14:06 2021-05-05 UTC+00
China’s tech companies poach former government officials

China’s tech companies poach former government officials

It seems that China's IT giants learn nothing from their mistakes. They now claim they have found a new way to navigate President Xi’s intensifying crackdown on the sector. Alibaba’s Jack Ma has been one of the first to stand against the system. Yet, he suffered a devastating defeat, losing one of his main affiliate companies, Ant Group.
14:38 2021-05-04 UTC+00
Beijing might launch digital yuan with short lifespan

Beijing might launch digital yuan with short lifespan

A digital currency with a lifespan? Why not? China’s authorities thought it would be a good idea to design a cryptocurrency with an expiry term. The digital yuan with an expiry date will enable the government to boost spending of the population.China’s monetary authorities flirted with the concept of the yuan’s digital equivalent long ago, though its lifespan has never been discussed.
11:51 2021-05-04 UTC+00
Trump considers pushing Russia toward China wrong

Trump considers pushing Russia toward China wrong

It seems that the voice of former US President Donald Trump will echo on the background for a good while. Commonly, when American presidents step down from office, they rarely intrude into the current state of affairs in the country. Thus, Barack Obama, unlike Trump, minds his own business and never discusses his colleagues.Meanwhile, Mr.
15:59 2021-05-03 UTC+00
US administration considers nicotine-reduction law

US administration considers nicotine-reduction law

Inspired by the success of his predecessor in managing markets, US President Joe Biden takes his first steps in this field. The American leader has proposed to reduce nicotine levels in all cigarettes sold in the United States. Biden’s decision had an immediate effect on shares of tobacco companies. The market is extremely sensitive to any restrictions imposed on tobacco firms.
13:25 2021-05-03 UTC+00
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