The Wall Street Journal reports that 2020 has been the worst year for oil companies in at least a decade. In the first nine months of this year alone, oil producers were forced to write down about $145bn worth of assets. To compare, during the same period in 2015, when oil quotations fell by half...

The largest Russian lender is set to bring out its “own cryptocurrency”. Sberbank is the largest bank of Russia. While is reports are to be believed, the largest Russian lender is set to bring out its “own cryptocurrency”. The new cryptocurrency is likely to be called as “Sbercoin”, while the chief...

Just seven days before the exit of the United Kingdom from the European Union, a much awaited trade deal was achieved between the two trading partners, even though a narrow one on Thursday.   This deal ensures that the trade between the two parties which amounts to almost $1 trillion...

It reports emerging out of London and Brussels are to be believed, the two parties are close to clinching a Brexit trade deal.     On Thursday, the final details of a post-Brexit trade deal were chalked out by the European Union and United Kingdom and the negotiators hoped that they...

Ole Hansen, Head of commodity strategy at Saxo Bank, believes that the emergence of a more contagious strain of coronavirus could result in a drop in oil prices due to possible new lockdowns. By the evening of December 23, Brent crude was trading at $51 a barrel on London's ICE exchange, but in the...

Usual flow of trade has been upended by the growth in demand from people staying back at home during the novel coronavirus pandemic for furniture, exercise equipment and other goods.   In order to reduce its business risks, about half of its production out of China by Amazon seller Bernie...

Mass vaccination of the population will be the key to global economic recovery in 2021, according to analysts at the international insurance company Euler Hermes. Mass vaccination will lead to a revival of the service sector, a synchronized economic recovery in various sectors, the partial spending...

Japan’s Ministry of Finance announced the approval of a record $1.03 trillion budget draft for the next fiscal year starting in April 2021 by the country’s cabinet even as the public finances of the country is under pressure because of the novel coronavirus pandemic’s economic impact and the...

The International Energy Agency (IEA) forecast that the demand for coal globally will increase by about 2.6 per cent next year because of increase in use and demand electricity associated with increase in industrial output as economies all over the world recover from the Cvodi-19 induced slump....