According to many analysts, the second half of the current year would get a powerful boost as indicated by a record hiring in the United States in nearly a year in July while wages also continued to rise in the month. Some economists believe growth in the current year would be the highest for the...

A slowdown was suggested in the industrial sector in China for the in the second half with an unexpected decline in export growth of the country for the month of July, because of outbreaks of Covid-19, and loss of growth in imports too, even as global commerce is growing with the easing of...

After a two-year hiatus, the $28.5 trillion national debt limit has come back into effect in the US. This robs the government of its ability to borrow and without urgent action by Congress threatens with a default by October, Bloomberg notes. The national debt limit, which sets the amount the U.S....

North Korea's economy has experienced a record drop in 23 years. According to Yonhap, the country's GDP fell by 4.5 per cent in 2020. However, the calculations were carried out by South Korea's central bank, in the absence of such data from the DPRK itself. According to the Bank of Korea's...

The gross domestic product of the United States economy cross its pre-pandemic peak as the country’s economy staged a solid growth in the second quarter with consumers spending more on goods and services helped by massive government aid and speedy vaccinations against Covid-19.   However,...

Large investments are being made in shopping features by social media platforms, led by Facebook, along with Alphabet's YouTube, Snap Inc and Twitter, among others. The social media companies hope to drive revenue growth through this measure which was an overarching theme that emerged from the...

According to the predictions of the chief executive of STMicroelectronics, the current global shortage of semiconductor chips that has affected the production of companies in a range of industries – including the likes of Apple Inc and Volkswagen AG, will not end any time soon and is most likely...

The US Federal Reserve (Fed) decided at the end of its July meeting to keep its key rate at 0-0.25% per annum. The watchdog also refrained from any changes to asset purchases, but noted the ongoing economic recovery and progress towards employment and inflation targets and in comments on this...

The global economy will grow by 6% this year and 4.9% next year, according to an updated International Monetary Fund (IMF) forecast. The trajectories of global economic recovery have become even more divergent, says the IMF's updated global macro forecast. Vaccination rates remain a key criterion -...