When a central bank lends money – what is interest rate? What is a central bank?

A central bank is a public institution that manages the currency of a country or group…

US dollar (USD) and central bank decision: ING Economics Team thinks 75bp is enough

So here we are. Another FOMC meeting and another 75bp hike. But 100bp ends, so 75bp…

Tesla shareholders approve 3-for-1 stock split

Shareholders of electric vehicle manufacturer Tesla Inc. at the annual meeting approved the stock split at…

The trade deficit continues to widen in June

France’s trade deficit continued to widen in June, to 13.07 billion euros, due to the increase…

US economy shrinks again, fueling recession fears

The gross domestic product (GDP) of the United States contracted again in the second quarter, which…

Gazprom set a new historical record for the volume of gas supplies to China

On July 17, Gazprom set a new historical record for the daily volume of Russian gas…

The court in the Russian Federation fined Google 21.7 billion rubles for information not removed from YouTube

The World Court of the Tagansky District of Moscow on Monday found Google guilty of an…

Bank of America cut quarterly earnings by 33%

Bank of America Corp., the second largest bank in the United States, increased revenue in the…

Putin instructed Mishustin to take control of high-tech areas of the economy

President Vladimir Putin instructed Prime Minister Mikhail Mishustin to keep the implementation of high-tech areas of…

In Poland, the country’s transition to the euro is considered fatal for the economy

The transition to the euro will kill the national economy, said the head of Poland’s ruling…