The central bank and pension funds of Saudi Arabia have instructed companies that manage their assets abroad to get rid of Canadian stocks, bonds and money market instruments "regardless of prices," the Financial Times reported citing informed sources. Saudi Arabia reacted sharply to the Canadian authorities’ criticism of the arrest of activists fighting for the right of women to drive a car....

Turkey is starting barter trade. The new system will reduce the demand for foreign currency in the economy, as well as ensure an increase in exports. Following the trade in national currencies, Turkey is moving to yet another new model against the dollar. In order to weaken influence of the recent speculative growth of foreign exchange rates on the economy and minimize use of foreign currencies...

Even mines and bombs that have been left after the Second World War are exploding because of forest fires, caused by the terrible heat in Europe. Even old-timers cannot remember what is happening now in the Old World. The continent is exhausted by scorching heat and is suffocating in the smoke of forest fires. Forest fires occur annually, but this year the situation is complicated by a new...

In the third quarter of 2018, the indicator of business sentiment fell sharply due to the EU-US conflict around customs duties and protectionism. Against the backdrop of the conflict around trade restrictions, the business climate in the euro zone has deteriorated significantly. In the third quarter of 2018, the index of business sentiment, compiled by the Institute of Economic Studies ifo, fell...

The threat of closure of the Bab-el-Mandeb Strait and the Strait of Hormuz forces exporters to look for roundabout routes for the export of Middle Eastern oil. Last week was marked by alarming news from the Middle East, which could have a serious impact on the oil markets. First, Iranian President Hassan Rouhani, along with one of the commanders of the Iranian Revolutionary Guards Corps,...

Analysts at Moody`s forecast a continuation and toughening of the trade war between the US and China and the introduction of new measures by both sides. The trade conflict will have a negative impact on world economic growth, and the US and China will largely overcome this negative impact on their economies. Moody's expects new measures from countries during the trade conflict, for example, the...

Fires, floods, drought, abnormal heat. Every day, the climate change is becoming more influential. Last year, natural disasters around the world caused economic losses of $ 353 billion. At the same time, 2017 became the third hottest year in the world history of meteorological observations since 1880. This year, different countries of the world are also struggling with natural disasters that have...

IT corporations, including Facebook, Google, Twitter, LinkedIn, Uber, give their employees natural bonuses and benefits, Including provide free lunches, in addition to high salaries. The authorities of California believe that this harms the economy of the region. Last week, several members of the San Francisco Board of Supervisors introduced a bill that would prohibit corporations from creating...

France is opposing conclusion of a comprehensive trade agreement between the European Union (EU) and the US, but still wants maintains a dialogue on trade issues with US partners. The Minister of Economy and Finances of the country Bruno Le Maire told this the AFP. "We do not want to enter into negotiations on a certain big agreement, we saw restrictions on this with the example of the TTIP...