Energy takes a special place among the most notorious fiasco of European politics. While large energy companies paired with financiers are racking their brains over how to limit their production to its current structural deficit, those who rely on renewable energy proudly prance ahead, gaining good profits without a hint of risk thanks to taxpayer money. Once national reconstruction was at the...

Inflation in the US in January exceeded expectations of economists and triggered a new fall in the stock markets. On the eve of the publication of data by the US Department of Labor, the indices showed moderate growth: Stoxx Europe 600 - 0.8%, futures at Dow Jones and S&P 500 - 0.5%. After the appearance of information, American futures quickly fell by 1%, the pan-European index reduced growth to...

China is gradually gaining control over the entire production chain of electric vehicles - from extracting cobalt in Congo to the production of batteries and the final assembly of electric cars. This may lead to the dependence of the global electric transport market on Chinese companies, writes the Wall Street Journal. Congo produces 54% of the world's cobalt, the metal, which is used in the...

The Federal Reserve Bank of New York (FRB) said that the total debt of American households reached a record level of $ 13.15 trillion. More than half ($ 8.9 trillion) of this amount was mortgage debt. Despite the growth of total debt, the share of overdue loans decreased. On Tuesday evening, the Federal Reserve Bank of New York published data on the current state of the debt of American...

The fulfillment of the agreement on limitation of OPEC + oil production is now at a record high level, the International Energy Agency (IEA) points out in its February review. At the same time, it notes that the additional supply in the oil market, especially in the US, may exceed the expected increase in demand. Deliveries of OPEC countries in January did not change compared to December,...

Demography has become the most serious problem for the central banks of Asian countries, and they have few opportunities to change the situation, writes Bloomberg. The elderly population, as a rule, means less labor force. At that, the number of taxpayers and consumers of non-pension age is less. The potential rate of economic growth is declining, and impulses of inflation are weakening as the...

The volume of oil production in the US in January increased by 100 thousand barrels per day compared with December - up to 10.2 million barrels per day (bpd), according to the US Energy Information Administration (EIA). The average production in 2017 was 9.3 million bpd. Now the agency forecasts a significant increase in supply: up to 10.6 million bpd in this year and up to 11.2 million bpd in...

Large financiers fear that IT giants will take control of the banking system and take away the tastiest pieces from them. They demand that watchdogs take urgent measures. IT-giants hitting on the finance sphere threaten financial stability, the Financial Times writes. Officials of the EU's financial authorities believe that the largest American and Chinese high-tech groups should work under the...

A bitter disappointment came after a stormy take-off at the end of last year and the euphoria for the crypto-currency fans. Bitcoin lost all of December's conquests in January and during a few days of February and on Monday fell even lower. In total for the first month of 2018, the market of crypto-currencies lost $ 340 billion, mainly due to the very real war that many Asian countries announced...