The EU’s economic woes are set to continue, with Euronews confirming that both Italy and France entered a recession in the first three months of this year while Spain’s GDP fell sharply. The Worst GDP Numbers in a Decade France...
China’s crude oil purchases from Russia rose over 30 percent in March compared to the previous year as Saudi Arabia’s commodity imports shrank, according to Chinese customs data. The mainland’s crude oil purchase increased 4.5 percent year on year to...
The economic fallout from the coronavirus pandemic will be unprecedented. Even if the American and global economy manages to achieve some stabilization post-COVID-19 through central bank stimulus packages and countermeasures, many small and medium-sized businesses will not survive. In addition...
In early January 2020, Brent oil was trading just over 70 USD per barrel; however despite a turbulent 2019, the New Year would not foreshadow — by any means — the disastrous future. Rising Geopolitical Tension The tension across the...
Although Germany’s nightmare of eurobonds has been averted, the concessions and the commitments Berlin has made to further aid are historic. However, solidarity carries a substantial risk for Germany. What Happened? The negotiations between the EU heads of state that...
EU leaders managed to agree upon a plan to inject billions of euros of emergency aid into Europe’s damaged economies during a virtual meeting on Thursday afternoon. The recovery fund will be closely tied to the bloc’s seven-year budget. They...
The Financial Times said that under Christine Lagarde’s leadership, the European Central Bank (ECB) is the only EU institution that can ‘save the eurozone’ in the midst of the economic impact that the coronavirus is having on Europe’s economy. This...
Bangladeshi Prime Minister Sheikh Hasina has predicted that there might be a global famine in the future as a result of COVID-19. In an address to public representatives and officials, she urged her nation to produce food and to keep...
EU leaders are bracing themselves for another tough week as the coronavirus continues to take its toll on Europe’s health and economy. On Monday, Italy’s borrowing costs rose again as investors anxiously await a crucial EU meeting on Thursday where...
China had to face reality last year after the country’s economic growth rose only marginally for the first time in decades, the world’s second-largest economy now decreased by 6.8 percent in the first three months of this year – which...