The volume of global trade in 2021 increased by 25% from 2020 to around $28.5 trillion, according to UN Conference on Trade and Development (UNCTAD) report. "World trade reached a record level of about $28.5 trillion in 2021, up about 25 per cent from 2020 and about 13 per cent from pre-pandemic...

China wants to increase the use of local currencies for trade and investment and for this purpose Beijing plans to approach to work closely with its trading partners in Asia, said Yi Gang, the governor of the central bank of the country. This is a part of the strategy of China to further bolster...

According to a Reuters poll of economists, the US Federal Reserve will start tightening in March with a 25-basis-point rate hike, but an increasing number of people predict the Fed will go for a more aggressive half-point hike to combat inflation.   Inflation continues to grow around the...

Inflation in the United Kingdom was 5.5 per cent in January, slightly higher than projections and still at a 30-year high.   Consumer prices fell by 0.1 per cent on a monthly basis, slightly less than economists predicted in a Reuters poll. The yearly rate of growth was predicted to stay at...

Japan's GDP in the fourth quarter of 2021, according to a preliminary estimate, grew 5.4 percent year over year (if GDP had grown at the same rate for four consecutive quarters), government data show. Analysts polled by DailyFx expected growth of 5.8%. By the previous quarter, Japan's GDP had...

The European Central Bank is advising banks in the eurozone to strengthen their defenses against cyberattacks, particularly in light of geopolitical tensions such as the stalemate between Russia and Ukraine, according to reports quoting the top supervisor of the ECB.   Andrea...

Official estimates reveal that the UK economy grew by 7.5 per cent last year, despite a drop in December owing to Omicron limitations.   It was the fastest rate of growth since 1941, but it followed a 9.4 percent drop in 2020 when the epidemic pushed portions of the economy to close.  ...

Price increases in the United States last month grew faster than expected, pushing the annual inflation to 7.5 per cent, which was the highest rate since 1982.   Food and energy prices contributed to the hikes, which left few spending categories unaffected.  ...

The U.S. and Japanese governments reached an agreement to reduce tariffs on imports of a limited amount of Japanese steel in order to expand trade between the countries and counter "unfair trade practices" by the PRC, said U.S. Trade Representative Katherine Tai. "This agreement, combined with last...