The organizers of the Beijing Olympics faced a shortage of goods with the image of the mascot of the Games - the panda Bing Dwen Dwen. Demand for them increased sharply after the start of the competition, but production volumes were limited due to the closure of factories for the Chinese New Year....

The world's largest oil exporter, Saudi Aramco, raised prices for its key markets. The decision comes days after OPEC+ countries announced a 400,000 bpd increase in oil production in March. Saudi state oil company Saudi Aramco has raised the price of its oil for refiners in Asia, the U.S. and...

According to reports quoting top government official sources, India's official digital currency is expected to be released by the beginning of 2023. The Indian official cryptocurrency will function similarly to other commercially accessible digital currencies, with the exception that it will...

Despite the interruption created by the Omicron variant of coronavirus, hiring in the United States was solid last month.   According to the Labor Department, employers gained 467,000 jobs. That was a lot better than the experts had projected.   The unemployment rate increased...

The president of the International Monetary Fund has said it was "too early" to judge whether the global economy was in for a period of prolonged inflation but cautioned that failing to make economies more resilient to future economic shocks may result in major consequences.   Global...

According to a poll of economists conducted by the global news agency Reuters, the economy of Japan most probably regained some steam and growth in the final three months of 2021 with a potential increase in consumption amid a decline in Covid-19 cases.   The survey however also warned that...

Microchip manufacturers have reported record annual sales amid global shortages and sharply increased demand for semiconductors. However, industry executives expect this figure to double further in less than a decade. Industry-wide annual sales will exceed $500 billion for the first time in 2021....

In December, Japan's manufacturing output fell for the first time in three months, as a drop in machinery production offset a tiny increase in vehicles, casting doubt on the economy's strength.   In December, retail sales increased year over year for the third month in a row, thanks to a...

Business activity has slowed down in China, official statistics shows. Experts attribute this to coronavirus restrictions as well as the authorities' order to limit production to reduce air pollution ahead of the Olympics. Growth in manufacturing activity in China slowed in January due to...