When it comes to oil prices, one should not disregard Venezuela. Aggravation of the economic and political crisis in the country can seriously affect the market. The country with the world's largest oil reserves is experiencing economic collapse and, as a result, mass protests against the government of President Nicolas Maduro. MarketWatch quotes James Williams, an energy economist at WTRG...

Hedge funds suffered losses after British Prime Minister Theresa May shocked the markets last Tuesday by announcing early elections to be held on June 8. At that, funds headed by people were outwitted by those headed by artificial intelligence, writes Reuters. This proved that computer-minded funds, which showed themselves well after the British vote on Brexit last June, failed the first serious...

Italy is about to start a bailout programme to save the banking sector. Otherwise, the Italian banks will cease to exist in principle. All this can provoke a full-scale crisis in the country, and consequently collapse the entire banking system of Europe. However, the whole information background is clogged with reports about Brexit, as a result of which the crisis in the EU can start...

The European startup market remains the third in the world after the US and China in terms of the volume of investments attracted by start-ups. In 2016, the region’s companies received around $ 12 billion, according to the annual report of French investment bank Clipperton and WhoGotFunded, quoted by TechCrunch. Total investment remained at the same level as in 2015. In total, European start-ups...

In 2016, the sector of tourism and travel contributed 10.2% to the world’s GDP. Besides, the industry created one out of ten new jobs, according to the recent "Travel & Tourism Competitiveness Report" by the World Economic Forum in Davos. The European countries remained the most attractive for tourists, yet developing economies showed a significant growth in popularity as well. The latest...

The British Financial Conduct Authority (FCA) suggested applying the international regulatory framework to financial and technological start-ups in order to prevent a Wild West approach to manage the sector. In particular, the FCA is concerned that the regulatory standards may suffer in the struggle between different jurisdictions for the financial and technological business. This is especially...

The organization of the largest oil exporters, OPEC, in March reduced oil production more than provided for by the global pact, as follows from the group’s monthly report. Eleven states - members of the club in March fulfilled the terms of the agreement to reduce oil production by 104 percent, concluded Reuters on the basis of the oil cartel’s reports. This figure coincided with estimates from...

America’s new President made the country unpredictable as never before. Therefore, for the rest of the world it would be important to become more independent of the US - both politically and economically. However, now the International Monetary Fund (IMF) has published statistics that do not indicate any desire for independence. The IMF’s data show that there is no hope for repelling the...

According to EuropeActive, number of Europeans attending fitness clubs increased by 4.4% last year to 56.5 million people. The first place by number of registered in the fitness clubs is occupied by Germany with 10.1 million people. As for coverage of the population, the leader here is Sweden since the country’s fitness centers are visited by every fifth Swede. According to EuropeActive...