Category Archives: Economy/Finance and Startups

The Middle East’s 2 great powers, Iran and Saudi Arabia, are heading for a showdown over oil prices//Les 2 grands du Moyen Orient, l’Arabie Saoudite et l’Iran se dirigent pour une épreuve de force sur des prix du pétrole


Oil prices per  barrel went down on Monday, the 7th of December, at its lowest level since almost seven years, as a result  of the Organization of Petroleum Exporting Countries ( OPEC)  inertia regarding the plethoric offer at global level.

Continue reading The Middle East’s 2 great powers, Iran and Saudi Arabia, are heading for a showdown over oil prices//Les 2 grands du Moyen Orient, l’Arabie Saoudite et l’Iran se dirigent pour une épreuve de force sur des prix du pétrole

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The Chinese yuan recognized as worldwide change currency by the IMF (INTERNATIONAL MONETARY FUND)


The yuan makes its entry to the club of the main international currency reserves by joining the unit of account of the International Monetary Fund. An ambition that China has cultivated for years. Shareholders in the International Monetary Fund voted on Monday to let the Chinese yuan (CNY) into the fund’s basket of reserve currencies. It will now be a member in the IMF’s elite club called the Special Drawing Rights (SDR).

Continue reading The Chinese yuan recognized as worldwide change currency by the IMF (INTERNATIONAL MONETARY FUND)