The opening up of the Iranian economy presents a great business opportunity for a wide variety of business concerns. With the thawing of U.S Iran relationship, investors are racing to invest funds into Iran, which so far was out of bounds. Last week’s nuclear deal made this possible. MNCs are naturally trying to get a foothold in the $400 billion economy.   Although there are some who are...

The first since 2009 disclosure of gold reserves in China turned into a big sale of the precious metal. On Friday, the gold price fell to the lowest since 2010, and has been reduced by 2.2% by today. With the opening, the prices fell even more - nearly 5%, platinum prices also showed a strong collapse, losing in an instance about 5%. Published on Friday, data on gold reserves occurred to be below...

Saudi Arabia continues a price war for market share - only this time, the market of diesel fuel was struck by the blow. The Kingdom has long been the world's largest supplier of crude oil, but now it decided to increase the supply of diesel fuel. In itself, this means the beginning of a new price war with competitors in Asia. Saudi Arabia is the largest consumer of gasoline in the Middle East,...

The global CB’s actions could trigger a new crisis, according to CEO of GAM Holding Alexander Friedman. As he notes in his article on the Project Syndicate, unprecedented measures, taken by central banks to stimulate the economy, will eventually become the cause of the global crisis. In his book that won the Pulitzer Prize, the economist Liaqvat Ahamed tells the story of how four central...

The project to create a European data bank of the on passenger air transport lays on strict requirements for the storage and transfer of information to third countries. The European Parliament's Civil Liberties Committee approved on Wednesday the project of creation of data bank on air passenger transportation (Passenger Name Records, PNR) in the EU, access to which will be open to national...

After the Chinese authorities imposed a huge number of restrictions on its stock market, quotes began to grow and play a significant part of the losses. But what lies behind this recovery? Today, both CSI-300 Index and FTSE China A50 have tumbled again, although about 30% of stocks in these indices are still traded. It is worth noting that in the Shenzhen Stock Exchange, a lot more shares than in...

Several economic conditions have led to the crumbling of the bearish oil market, chief amongst which are the reaching of a nuclear deal with the US, as well the non-existence of the “Grexit” scenario. With Iran closing in on a nuclear deal which would effectively ensure that it would break free of the shackles of sanctions imposed by the United States, oil prices have reached a new low. The end...

Once again, the Greek events forced talks about the advantages of Bitcoin. Many observers see an economic panacea in the cryptocurrency and predict a radical restructuring of the global financial system. However, it is not obvious that the big banks and big government lost the battle with cyberanarchists. April 1 this year, one of the Greek Internet resources announced the intention of the...

An Italian company, which sells computer software for tracking and espionage, has itself become a victim of hackers. More than 400 gigabytes of private information got public. Hacker attacks, or in other words, hacking other people's computer systems are outlawed. Nevertheless, this did not restrained the police and intelligence agencies around the world from the use of such methods - mostly...