After five days of intense talks, European Union leaders manage to agree on a record novel coronavirus economic package of 750 billion euro ($858 billion) to rescue and revive the economies of the EU battered by the pandemic.   In a unanimous vote in Brussels, heads of state and government...

American manufacturer of electric vehicles and solar panels Tesla Inc. in April-June unexpectedly made a profit for the fourth quarter in a row, and its revenue exceeded experts' expectations. According to a press release, the company reported second-quarter net income of $ 104 million, or 50 cents...

After announcing retraction of all equipment from 5G and other networks supplied by the Chinese telecom equipment making giant Huawei by 2027, the United Kingdom government has sought help from Japan in the roll out of 5G wireless networks in Britain without the need for including the Chinese firm....

The novel coronvirus pandemic is hitting the Russian economy quite significantly.   According to reports, in the second quarter of the current year, the real disposable of Russians have dropped by its highest level in 20 years. This was a result of the shrinking of the Russian economy by 9.6...

A plan that had been drawn up by the top producers of cocoa in Ivory Coast and Ghana to guarantee a living wage to about 2 million farmers have been thrown into jeopardy because of a sharpest drop in cocoa demand in a decade, said reports quoting sources within the regulators of the two countries....

A recovery in fuel demand globally from the lows hit during the height of the novel coronvirus pandemic is being slowed by the surges in coronavirus infections. Concerns are being raised by analysts about a recovery of fuel demand and consumption to pre crisis levels could take years.   ...

According to a research conducted by the JPMorgan Chase Institute, those Americans who obtained increased unemployment benefits given in the wake of the novel coronavirus pandemic reportedly spent more money compared to what they usually spend when they had jobs. The report also expressed concerns...

The increase in prices for in-demand video game consoles during the novel coronavirus pandemic induced lockdown propped up British inflation for the month of June in an unexpected manner, shows the latest official data available.   There was a 0.6 per cent rise in consumer price inflation...

After the United Kingdom decided to put ban on the Chinese telecom equipment maker Huawei from participating in 5G roll out in the country, Chinese state media has forecast a “public and painful” retaliation against the UK even as the credit for the ban was apparently claimed by United States...