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Friday, July 21, 2017
The US dollar has been the world’s reserve currency for many decades now, but the trends seem to indicate that China is preparing to overtake the US in regards to being the “standard” currency. The world’s monetary system has...
Russia’s Gazprom has bought 100 percent of Kyrgyzgaz for a symbolic $1, as it also undertook to cover the company’s $40 billion debt. The deal makes Russia’s gas monopoly the sole gas supplier to Kyrgyzstan. “It’s a historic day. Today...
Half a billion pounds has been wasted stockpiling two ineffective anti-flu drugs, according to researchers. A study claims there is "no good evidence" Tamiflu and Relenza stop the spread of the infection or prevent the complications of influenza. Researchers, from The...
A group of Lower House MPs are urging Russian oil and gas producers and traders to stop using the US dollar. They say this means sharing profits with the USA, and making Russia vulnerable to western sanctions. “The dollar is...
The UK is set to be the world's fastest-growing major advanced economy this year according to a sharply-upgraded forecast from the International Monetary Fund (IMF). Gross domestic product (GDP) is expected to increase by 2.9%, up from an earlier 2.4%...
The Chinese economy continues to cool, and the World Bank has lowered its 2014 forecast to 7.6 percent growth, down from an earlier 7.7 percent. The global recovery remains shaky as 2014 kicks off with a “bumpy start”. The World...
Bank of England rate-setters are expected to leave the cost of borrowing on hold this week amid signs that the pace of the recovery may be slowing down. Several economists believe t he Bank's Monetary Policy Committee (MPC) will not...
The US Treasury has awarded American-based Boeing and GE a license to sell spare parts to Iran. The move is part of a temporary sanctions relief deal that began in January, Reuters reported. The deal breaks a long trade...
Gazprom CEO Aleksey Miller has announced Ukraine will no longer receive the $100 discount it enjoyed under the Kharkov Agreement, and will pay $485 per thousand cubic meters starting from April. The statement came after Miller met with the head...
Finding a solution to the thriving heroin production in Afghanistan has been on the back burner ever since the Americans occupied the country. The new Afghan president who will be elected next weekend will have to battle record opium...

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