Seoul’s acceleration of its domestic defense industrial base will help prepare the country for a potential fight against North Korea, but in the meantime, South Korea stands to benefit economically from a massive surge in arms sales.
The United States has been increasing its liquefied natural gas deliveries to the European countries, becoming the six largest LNG supplier to the 28-nation European Union in the first quarter of 2017.
EU Brexit negotiator Michel Barnier has commented on the EU-UK free trade deal amid a breakthrough in the talks on the terms of Britain leaving the bloc achieved last week.
The Australian-owned Westfield chain, which owns shopping malls in Europe and the United States, is being sold to a French company for US$24.7bn (£18.5bn). Professor Joshua Bamfield, of the Centre for Retail Research, told Sputnik why only the biggest and best shopping malls will survive the onslaught from online retailers.
Nord Stream 2 is a joint venture of Russia’s Gazprom with several European energy companies, envisaging the construction of two gas pipelines from the Russian coast, through the Baltic Sea and on to a hub in Germany.
A think tank has revealed eight possible Brexit scenarios, as the second stage of the negotiations between the EU and the UK is due to start in January 2018.
During last year's presidential elections Donald Trump made much political capital out of the terrible state of US infrastructure - but he has done little to address it. Kristina Swallow, President of the American Society of Civil Engineers, spoke to Sputnik about the magnitude of the job facing the US government.
The price of Brent crude oil, the international benchmark, has reached a new high by surpassing $65 per barrel, market indices showed Tuesday.
An investigation of Amazon’s practices towards its UK delivery drivers has revealed inhumane conditions including drivers being required to make up to 200 deliveries a day and having to urinate in water bottles because there’s no time for a bathroom break - and all for subminimum wages.
The first unit of Dabaa nuclear power plant (NPP), which will be built in Egypt with Russia’s assistance, is expected to be commissioned in 2026.
Last week, Theresa May arrived in Brussels to meet with European Commission President Jean-Claude Juncker and Commission's chief Brexit negotiator Michel Barnier for a final round of negotiations within the first phase of Brexit talks.
Saudi Arabian Aramco plans to reduce its January crude oil shipments to Asia in an effort to rebalance the international oil market.
The Bulgarian police seized hundreds of thousands of units of Bitcoin in May back when no one anticipated the value to surge by 600 percent.
Louise Haagh, an associate professor at the University of York and chair of the Basic Income Earth Network, spoke to Sputnik about the pros and cons of universal basic income (UBI).
Britain's biggest businesses have put their investment decisions on ice as the continuing uncertainty surrounding the UK's departure from the European bloc continues to affect the economy regardless of the deal struck on December 8 by prime minister Theresa May to move to the next phase.
Bitcoin futures contracts have reached over $18,000. The futures are believed to further increase its value and result in wider acceptance of the cryptocurrency on the financial market.
To hear Wall Street tell it: if you want to get anything done, you’ve got to make it profitable. But the obverse is true as well: if you want to end something, make it unprofitable.
Libya is seeking ways to boost its oil output in defiance of a recently reached agreement with OPEC and Russia to cut production, citing its fiscal and monetary struggle.
After Theresa May reached an agreement to move on to the second stage of Brexit negotiations with the EU, Secretary David Davis said the UK will insist on a trade deal and will not pay the divorce bill unless such a deal is struck.
Despite the recent slump, the world's top cryptocurrency Bitcoin has seen a 17-fold rise during the last year.
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