The proposal of the United States to impose a 15 per cent or higher global minimum corporate tax will be strongly supported by other members of the G7, said the US Treasury Deputy Secretary Wally Adeyemo.   Such a measure would also help top get solid support for domestic corporate tax...

With respect to the economic recovery from the Covid-19 pandemic hit, the emerging markets could fall further behind developed markets because of increasing levels of dents in the emerging economies, said an economist.   “With the pandemic, debt rose across all types ... the big increase of...

Following a warning by Chinese authorities to commodity companies in the country about pushing up prices, there was a fall in the prices of industrial metals globally. The companies dealing in commodity was urged to maintain "normal market orders" by China's National Development and Reform...

Goldman Sachs expects oil prices to rise to $80 per barrel as early as the fourth quarter of 2021. According to analysts, even the easing of sanctions against Iran will not prevent prices from recovering on the back of growing demand. Goldman Sach predicted an increase in oil prices to $80 a barrel...

The speed of business growth in the euro zone in May was the fastest in more than three years, according to a survey published on Friday. However there was still need for the ECB to give emergency support to an uncertain economic recovery of the region, said European Central Bank President...

Business activity in China slumped to pre-pandemic levels, according to industrial output and retail sales figures. According to the country's National Bureau of Statistics, industrial output growth slowed to 9.8% year-on-year in April (14.1% month earlier, month-on-month growth also declined from...

International rating agency Fitch Ratings recognises the obvious benefits of digital currencies, but warns that there are risks that could harm financial systems, the agency said in a statement. "The widespread adoption of central bank digital currencies (CBDCs) could damage financial systems if...

US consumer goods prices rose by 4.2% in April compared to the same period in 2020. Such data was published by the US Department of Labour. It is the most significant monthly increase in prices since September 2008. Analysts polled by Dow Jones had expected prices to rise by 3.6%. The increase in...

The green economy set a new record in 2020, the International Energy Agency (IEA) has calculated. Electricity production from renewable sources has grown at the fastest rate in the past two decades. The amount of electricity produced by alternative pathways - through solar and wind generation -...