For the first time since the peak of China's COVID-19 pandemic in 2020, manufacturing and service activity in March fell at the same time, highlighting the need for stronger governmental action to stabilise the economy.   The official manufacturing Purchasing Managers' Index (PMI) dipped to...

A bill to increase the US economy's competitiveness was adopted by the Senate by a majority vote. The paper calls for lowering reliance on essential component sources (particularly semiconductors and telecom equipment), enhancing competition with Chinese high-tech enterprises, and taking extra...

U.S. GDP rose 7.1 percent year-over-year last quarter, according to the third and final estimate (if GDP had grown at the same rate for four straight quarters), according to analysts polled by Daily FX. The release will be issued by the Commerce Department's Bureau of Economic Analysis on...

Fumio Kishida, Japan's prime minister, instructed his cabinet to put together a new relief package by the end of April to help offset the economic impact of rising fuel and raw material prices.   The package is expected to include a continuation of a fuel subsidy for oil distributors, as...

The UAE sovereign fund Mubadala has decided to suspend all investment in Russia, Reuters reported. UAE sovereign fund Mubadala, the second largest sovereign fund of Abu Dhabi, will suspend all investments in Russia, Reuters reported, citing the general director of the fund Khaldoon Al Mubarak. Its...

A European Commission study of academics, think tanks, and other groups and individuals proposed that the European Union, like national governments, should have a proper budget that it could use to stabilise the bloc's economy if necessary.   The EU's 27 member states currently have a budget...

About 100 thousand agricultural enterprises in Italy may close due to the coronavirus pandemic and the situation in Ukraine, according to the largest association of Italian agricultural producers Coldiretti. Based on data from the national Agricultural Research Council, Coldiretti experts argue...

UAE Industry Minister: Oil demand up about three million barrels a day. Sultan Al Jaber, Minister of Industry and Director of Abu Dhabi Oil Company ADNOC, said on Monday during the Global Energy Forum that a return to pre-pandemic CPOVID-19 oil demand levels is possible by the last quarter of 2022,...

With the economic consequences of the Ukraine crisis becoming clear, Qatar's foreign minister told CNBC that some countries were exploring a "parallel system" of oil pricing.   It comes after the Wall Street Journal reported that Saudi Arabia is speeding up talks with China to accept yuan...