The Treasury Department of the United States expects the G7 wealthy democracies to agree to the proposal of Washington to accept and adopt an ambitious global corporate minimum tax when the leaders of those countries get together other later in the week in the United Kingdom, said a US Treasury...

Revenues for the world's top 10 chipmakers rose at a record high in the first quarter of 2021 amid a global shortage of such products, according to a study by analyst firm TrendForce, cited by CNBC. Chips are used in everything from toothbrushes to automobiles and many of the world's most important...

The oil market is in the final phase of its growth cycle and prices could soon peak, said Norbert Rücker, head of Next Generation futures research at Swiss bank Julius Baer. "We expect oil prices to move well above the $70/bbl mark by mid-year. That said, we still believe that the oil market is in...

Tourism and related businesses have been hit hardest by the pandemic. According to the UN World Tourism Agency, the number of international tourist arrivals fell by 87% and some regions, such as Oceania, lost 98% of international tourists. Tourism and related businesses were hit hardest by the...

According to the Oslo-based consultancy Rystad Energy, even if global demand for oil drops sharply towards the middle of the century, companies will need to dig up thousands of new oil wells and hundreds of new oilfields in order to meet global demand.   This analysis by the organization is...

According to the Organisation for Economic Cooperation and Development (OECD), the United States putting in trillions of dollars into the largest economy of the world and the Covid-19 vaccines rollouts throughout the world allowing businesses to resume operations has improved the global economic...

The underlying inflation in the month of April in the United States surged past the Federal Reserve’s 2 per cent target with surge in consumer prices in the country. That was the largest annual gain since 1992.   This was driven by release of pent-up demand as well as supply constraints as...

China and the United States – the two largest economies of the world, could find a middle path to reduce trade tensions by increasing the number of goods being tariffed by each other so that tensions can be reduced, said a Chinese think-tank, even though it added it would not likely be possible for...

The money generated by countries all around the world from charging companies for emitting carbon dioxide (CO2) last year was almost 18 per cent year on year more – at about $53 billion, with some countries imposing new levies and prices on firms in some existing schemes rose, showed a report from...