The drop in crude oil prices seems almost a farce as they reach record lows. Within the context of North Korea’s nuclear testing and the Chinese growth slowdown, we may well ask: Is the current situation the premise of an imminent international financial crisis?
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Asian stock markets are down, as are European and American ones. With oil prices nearing $30 per barrel and North Korea fine-tuning its ballistic missiles, experts are becoming increasingly concerned and the Asian continent is experiencing a somewhat stressful climate…
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This week has permanently put the economic crisis in China, the world's second largest economic power, in the limelight of international economy.
The Persian country will regain its position as 4th largest oil producer in the world, behind Saudi Arabia, Venezuela and Canada.
The results of the UK legislative election quickly brought the idea of a "Brexit" (British Exit), i.e. the possible exit of the United Kingdom from the European Union, to the forefront of people's minds.