World Economy

'W-shaped' recovery may be too optimistic, Fed's Powell suggests

'W-shaped' recovery may be too optimistic, Fed's Powell...

Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride...

Trump says China wants him to lose his bid for re-election

Trump says China wants him to lose his bid for re-election

WASHINGTON (Reuters) - President Donald Trump said on Wednesday he believes China’s...

One of UK’s richest businessmen says he expects oil at $40-$50 once the coronavirus crisis is over

One of UK’s richest businessmen says he expects oil at...

Oil prices are likely to remain low until global economic conditions start to stabilize...

Africa prepares for “complete economic collapse” because of COVID-19

Africa prepares for “complete economic collapse” because...

African leaders warned the UN of an economic collapse if millions of people left...

European Economic Recovery Plan

European Economic Recovery Plan

Approved at the EU summit, a program of emergency measures to support the economy...

The media reported the death of Kim Jong-un

The media reported the death of Kim Jong-un

North Korean leader Kim Jong-un died, unable to withstand heart surgery, according...

Trump signs $484 billion coronavirus relief bill to boost small business, hospitals and testing

Trump signs $484 billion coronavirus relief bill to boost...

President Donald Trump signed a $484 billion coronavirus relief package into law...

US weekly jobless claims hit 4.4 million, bringing 5-week total to more than 26 million

US weekly jobless claims hit 4.4 million, bringing 5-week...

Jobless claim filings continued at a historically unprecedented pace last week with...

US and EU intend to restart economic activity

US and EU intend to restart economic activity

Analyst Fitch Solutions said that the United States and several European countries...

World oil storage capacity is almost exhausted

World oil storage capacity is almost exhausted

The world's largest independent oil storage company said traders' storage space...

Shell leaves a major LNG project in the USA

Shell leaves a major LNG project in the USA

British-Dutch energy company Royal Dutch Shell Plc withdrew from Lake Charles’s...

PANIC : almost all  GOLD SOLD in the USA

PANIC : almost all GOLD SOLD in the USA

The Wall Street Journal reports that American investors and bankers faced a problem...

US Recession begins

US Recession begins

Bank of America officially announced that the US economy has entered a recession....

OneWeb files for bankruptcy amid coronavirus chaos, leaving satellite network’s fate up in the air

OneWeb files for bankruptcy amid coronavirus chaos, leaving...

Softbank, having already invested $2 billion in OneWeb, declined to invest more.

Petroleum market fears collapse in demand

Petroleum market fears collapse in demand

On Thursday, March 26, oil prices again returned to a downward movement: for example,...

Apple lost the status of $1 trillion status as a result of coronavirus

Apple lost the status of $1 trillion status as a result...

Apple lost the $1 trillion market value

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