Donald Trump cancelled permits for the purchase of Iranian oil for the G8 countries, thus trying to reset Tehran's oil exports. Before doing it, he gained support of Riyadh and Abu Dhabi to compensate for about a million barrels of Iranian oil per day that would be withdrawn from the market. An increase in oil production will naturally lead to a decrease in its prices. The Saudis do not want to...

One of the largest cryptocurrency exchanges in the world, Binance, reported that hackers managed to withdraw more than 7,000 bitcoins from it in one day, and also to steal some of its users' data. The amount stolen by hackers exceeds $ 40 million. The incident was reported on Binance’s blog by its CEO Zhao Zhangpeng. According to Mr. Zhao, the exchange has experienced a "large-scale hacker...

IPOs of Lyft, Uber and other American companies are somehow overshadowing successes of China. At that, a report published by the Hurun Research Institute states that a unicorn company was born every 3.8 days in 2018 in this country. In early May, a Chinese e-commerce company Yunji Inc entered the stock exchange, reaching a capitalization of $ 3 billion, and several other companies were standing...

The main consumers of oil on the planet, China and India, are about to conclude a formal agreement and establish a kind of oil importers club. This even will probably play a huge role in shaping the price of the resource. Neither Delhi nor Beijing has officially confirmed the information. However, this is not the first time when the two most populous countries on the planet, the relations between...

Production activity in April increased in some parts of Asia. However, the recovery looks unsustainable, as global demand remains constrained, Reuters writes. The Purchasing Manager’s Index (PMI) showed that manufacturing activity declined in Malaysia and Taiwan last month, slowed down in the Philippines and Indonesia, and rose in Vietnam and Thailand. Head of the Asian studies ANZ notes, the...

The UK leaving the European Union may weaken the pound sterling. Central banks of different countries said they would reduce the share of the British currency after Brexit. The exit from the European Union could lead to a weakening of the pound sterling, or even a loss of the status of its reserve currency. This is evidenced by a study of the specialized journal Central Banking Publications...

LobbyControl organization has issued a report on lobbying in the European Union. The paper’s main conclusion is that large concerns still have too much power in Brussels. In recent years, the European Union has taken certain steps towards reducing influence of lobbyists on political decisions, but this is not enough. This is the conclusion made by the public organization LobbyControl and...

The United States, China, Saudi Arabia, India and France are spending more on arms purchases than all the rest of the world combined, according to a new SIPRI report. The sum of 1 trillion 822 billion dollars was spent in 2018 on armaments around the world. This is 2.6% more than a year earlier, says the Stockholm Peace Research Institute (SIPRI) in its new report, published on Monday, April 29....

The United States will continue to assist South Korea in finding an alternative to importing Iranian oil, Francis Fannon, United States Assistant Secretary of State for Energy Resources, said in an interview to Yonhap. "I think the alliance between the USA and South Korea is definitely strong. (...) I can say that the ongoing discussions to help South Korea, these discussions that have been going...