Economy

EU ready to resist U.S. trade policy?

European Union officials have drawn up an aggressive 173-page plan to counter both U.S. President Donald Trump’s trade moves and American tech giants including Google, Apple, Amazon, Microsoft and Facebook. …

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Merkel calls for EU-wide climate neutrality

German Chancellor Angela Merkel called for the European Union to support ambitious targets for the entire 28-nation bloc to become climate neutral. Merkel made her appeal after she and members of her "climate …

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 Moody’s changes Russia’s GDP growth outlook

International rating agency Moody’s has cut its Russia’s 2019 gross domestic product growth forecast to 1.2% from 1.6%, the agency said in the Global Macro Outlook 2019-2020 report. The 2020 forecast was kept at 1.5%. …

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Dollar loses value in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 475.91/$1 in Armenia on Thursday; this is down by AMD 0.03 from the previous day in the country, according to the official website of the Central Bank …

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 Iran's oil tanker breaks down in Red Sea - media

An Iranian oil tanker has broken down in the Red Sea but the crew are safe and repairs are underway, Iran's state news agency IRNA reported. "The ship's crew are fixing the defect and the vessel is in a stable condition …

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Will Turkish Stream go to Moldova?

Chisinau is in talks with Russian gas giant Gazprom to receive gas via the Turkish Stream pipeline, Moldova's Economic Minister Vadim Brynzan said. "We are holding negotiations with Gazprom to get gas …

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Is new crisis in Russia only year and a half away?

Russia's next economic crisis may erupt in the next year and a half, according to experts of the Centre for Business Tendencies Studies at ISSEK NRU HSE. "If the trade war between the two largest economies in the …

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White House preparing for recession?

White House officials have begun preparing options to help bolster the American economy and prevent it from falling into a recession, according to people familiar with the discussions. The measures include mulling a potential …

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Georgia's exports increases by 12.4%

Georgia's exports increased by 12.4% to $2,1 million in January-July 2019, according to data from the National Statistics Office of Georgia (Geostat). At the same time. Georgia's imports stood at $4,9 million (4.7% lower …

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Trump: 'I don't see a recession'

U.S. President Donald Trump said he doesn’t see a recession on the horizon after a volatile week for markets. "I don’t think we’re having a recession," Trump told reporters. …

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