According to one of the sponsors, a bipartisan group of US congressmen intended to present a bill on Wednesday to terminate a tariff exemption that is frequently used by online retailers to ship purchases from China to American customers.   The de minimis rule exception exempts imports with...

According to a report by Deloitte Access Economics, Australia is going through a "retail recession" as rising interest rates and inflation reduce customers' purchasing power. Once inflation is taken into account, retail turnover fell 0.6% in the March quarter, which is twice as fast as the decline...

May saw a faster-than-expected decline in factory gate prices in China, as weakening demand put a strain on manufacturing and the shaky economic recovery.   China, in contrast, is experiencing a significant decrease in prices with companies receiving less for their products as demand is...

According to the CEO of the World Energy Council, Angela Wilkinson, the global energy system is no longer "fit for purpose," and she made reference to the slow progress being made towards a planned switch to green energy.   “The most recent pulse from April shows that the world energy system...

As part of a dramatic escalation of a crackdown on the industry, the top U.S. securities regulator filed a lawsuit against cryptocurrency platform Coinbase on Tuesday. This is the second lawsuit in as many days against a significant crypto exchange, and it has the potential to drastically alter a...

According to the chairman of the IEA, China's economy now influences oil prices more than those made by OPEC and Russia. International Energy Agency (IEA) executive director Fatih Birol says that although oil production curbs by Russia, Saudi Arabia, and other OPEC+ members may put more pressure on...

As a result of sanctions last year, €3 billion worth of assets of European securities depositories Euroclear and Clearstream were blocked in Russia's National Settlement Depository, writes Forbes. According to Forbes calculations based on reports from Euroclear and Clearstream, the amount of...

With a bleak prognosis for global demand, particularly from developed countries, China's exports decreased much more quickly than anticipated in May while imports continued to decline, casting doubt on the fragile economic recovery.   A backlog of orders following years of COVID...

IATA: international airlines doubled forecast for industry profits in 2023. According to a press release from the International Air Transport Association (IATA), global airlines might report a net profit of $9.8 billion this year, nearly doubling the previous projection, with revenue expected to...