BAGHDAD (Sputnik) - Iraqi Oil Minister Jabbar Luaibi and the London-based multinational energy company BP have signed a memorandum of understanding aimed at expanding oil production in the oil fields of the country's northern Kirkuk province, an Iraqi oil industry source told Sputnik on Thursday.
Investors’ fears over Bitcoin and other cryptocurrencies have recently been multiplying due to reports that China and South Korea are preparing to tighten the screws on the digital money market.
Chinese business is expanding its presence in the European market, as investors seek to take the leading role from their American counterparts. In recent years, Chinese investment in the European Union has surpassed $100 billion, including in infrastructure and other key sectors.
The UK's departure from the European Union may have drastic consequences for Denmark's fishing industry, which at present is thriving off of fishing rights around the British Isles. Brexit is therefore predicted to cost hundreds of jobs, dealing a hard blow to the entire industry, a new report has found.
Regulators around the world are still debating how to address the risks posed by cryptocurrencies such as bitcoin, the world's most popular virtual currency.
Capital Economics economic research consultancy has said in its review that the world's most well-known cryptocurrency bitcoin (BTC) is a bubble that has already begun to burst. The analysts noted that most people bought bitcoin, not because of belief in its future, but because they expected it to rise in price.
Despite a spectacular surge in the price of bitcoin in 2017, which culminated in late December when it hit a whopping peak of $US19,783 before rapidly losing value, there seems to be evidence that the absence of regulation in the field could bring about a new economic crisis.
An initial investigation by the Delhi police has revealed that different gangs of fraudsters organize extravagant seminars in order to lure people into invest in local crypto-currencies, claiming that they will be 'the next Bitcoin'.
This is the third such successful renegotiation of LNG prices by India after those with Qatar’s RasGas and America’s Exxon Mobil Corp.
The cryptocurrency bitcoin plunged massively this week, dropping to $10,200 on Tuesday and sparking speculation on what could have caused the fall and whether the cryptocurrency is actually of any use.
MOSCOW (Sputnik) – The global market of cryptocurrencies is tumbling with the most famous digital currency Bitcoin's value having decreased by 13 percent amid reports about possible introduction of restrictions in China and South Korea, trading statistics indicated on Tuesday.
Chinese business news and analysis portal BWChinese has outlined how, in addition to the petro-yuan, China and its Russian partners can go about creating a real global alternative to the US dollar.
The South Korean government is introducing sanctions against anonymous cryptocurrency traders. It plans to introduce large fines for anonymous traders.
The EU Commissioner for Trade criticized Washington for effectively relinquishing the US’ role as a leader in global trade.
China's financial regulator vows to implement additional measures to crack down on shadow banking and tighten control over lending practices in order to contain the debt accumulation by the private sector and state-owned enterprises, as well as local governments.
The legalization of marijuana for medical uses has resulted in a significant drop in instances of violent crime in those US states that share a border with Mexico, according to new research.
An appearance by the two together would be seen as a global counterbalance to Trump’s isolationist ‘America first’ political rhetoric.
President Trump is considering slapping customs tariffs on Chinese imports, and exiting NAFTA after several trade disputes with Canada, and two reports on trade with mainland China have highlighted America’s disadvantageous position in trade.
Bitcoin, which is the first international decentralized digital currency, works without a single administrator and central repository, while transactions between people are made directly without an intermediary.
Underlying US inflation gained momentum in December driven by higher rents and costs of medical services, suggesting no forced delays in Federal Reserve policy normalization.
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