EU antitrust investigators of the European Union are talking to  Microsoft's competitors and customers about the cloud business and licencing relationships of the American tech giant, a step that may lead to a formal probe and renewed scrutiny of the US software giant.   In...

Since the start of Russian invasion of Ukraine, experts have been raising concerns of shortage of essential food in many of the poorer countries.   In the wake of Western sanctions imposed on Russia over the Ukraine conflict, one of President Vladimir Putin's friends warned on Friday that...

According to a poll released on Friday by the American Chamber of Commerce in Shanghai, more than half of US multinational corporations in China have decreased their year sales estimates, owing mostly to the recent COVID-19 epidemic in Shanghai.   82 per cent of manufacturers reported slower...

S&P Global Ratings, an international rating agency, has lowered its projection for global GDP growth for the current year to 3.6 percent from 4.2 percent previously predicted, citing recent developments in the international arena. In a news statement, the agency states, "We are projecting a 60...

The effect of geopolitical issues was used by OPEC+ to explain oil market volatility. According to the communiqué of the alliance members' meeting, OPEC+ believes that the oil market is presently balanced, and that the current volatility is caused by geopolitics rather than fundamental issues. At...

According to a top IMF official, the extraordinary financial sanctions imposed on Russia following its invasion of Ukraine threaten to erode the US dollar's dominance over time, resulting in a more fragmented international monetary system.   The IMF's first deputy managing director, Gita...

For the first time since the peak of China's COVID-19 pandemic in 2020, manufacturing and service activity in March fell at the same time, highlighting the need for stronger governmental action to stabilise the economy.   The official manufacturing Purchasing Managers' Index (PMI) dipped to...

A bill to increase the US economy's competitiveness was adopted by the Senate by a majority vote. The paper calls for lowering reliance on essential component sources (particularly semiconductors and telecom equipment), enhancing competition with Chinese high-tech enterprises, and taking extra...

U.S. GDP rose 7.1 percent year-over-year last quarter, according to the third and final estimate (if GDP had grown at the same rate for four straight quarters), according to analysts polled by Daily FX. The release will be issued by the Commerce Department's Bureau of Economic Analysis on...