Category: World

VTB Bank head Andrey Kostin told the Russian news agency, RIA Novosti that President Vladimir Putin supports the working plan of de-dollarizing the Russian economy. The Russian economy is a mixed economy with state ownership in many strategic areas. The market reforms of the 1990s privatized much of the Russian…

The United Nations (UN) Human Rights Council has advanced justice for victims of grave crimes in Myanmar by creating an international body to help prepare case files for future criminal proceeding. The Rohingya are a Muslim minority group in predominantly Buddhist Myanmar, concentrated..

Israel will begin selling natural gas to Egypt in 2019, according to companies involved in Israel’s largest gas field, which detailed their export plans after buying a $500m stake in a pipeline that runs to its Arab neighbour. A US – Israel consortium, Delek Noble energy, leading the development of Israel’s offshore gas reserves announced…

At the 73rd Annual UN General Assembly Debate both the US President, Donald Trump and the Iranian President, Hassan Rouhani exchanged threats and taunts. The General Assembly is one of the six main organs of the United Nations, the only one in which all Member States…

Ethiopia will become one of the fastest growing economies of the world, averaging more than 8 per cent, due to a massive inflow of foreign investment and increased domestic consumption. Ethiopia is a landlocked nation in eastern Africa, with a population of over 100 million: the second….

A continued inflationary trend in Kenya has resulted in a staggering rise in food prices, fuel prices and transportation costs in the country. Kenya’s economy is market-based with a few state-owned infrastructure enterprises and it maintains a liberalised external trade system. The 2018 estimates show that Kenya had a GDP of $85.980 billion…

British Prime Minister Theresa May recently signed off on a new immigration system that will go into effect after Brexit, where immigrants will be evaluateed by skill and wealth. While there is a strong push for limiting immigrants in the country, their value to the country is not insignificant. The pace of global immigration has..

Argentina’s recent period of economic downturn prompted President Macri to ask the IMF to speed up its bailout package. The IMF has now agreed, and increased the bailout to $57 million, the largest it has ever given. Argentina is the eight largest country in the world and covers most of the southern portion of South…

China International United Petroleum & Chemicals Co., Ltd. (UNIPEC) announced that the world oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s. This is up from the current of 100 million bpd. The law of supply and demand primarily affects the oil industry by determining…

The recent trade tensions between the U.S. and China has been escalating, with detrimental effects on Japan and other countries that trade extensively with the two. Manufacturers in Japan are rallying by moving their production out of China to factories in other regions, thereby minimizing the adverse effects of the tariffs. The United…