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....

An interim agreement on free trade between the United Kingdom and Canada are very close to be completed, said reports citing sources with knowledge of the matter. The interim trade agreement will work after Brexit and will be in force until such time that a new bilateral agreement is approved by...

The latest stimulus by the Japanese government to combat the novel coronavirus pandemic’s impact on its economy and to hasten the speed of the recovery prompted Japan's government to raise its economic growth forecast for the next fiscal year.   The latest estimate by the country’s Cabinet...

While the European Union said on Friday that there were only hours left to arrive at a Brexit trade deal, the United Kingdom urged the EU to see sense.   The two sides are trying to strike a free trade agreement before Britain crashes out of the EU on January 1. An agreement on trade will...

The cost of batteries for electric cars has plummeted 89 percent over the past decade, from $1110 to $137 per kilowatt-hour. According to Bloomberg news agency with reference to experts, it means that by 2023, companies will be able to sell electric cars at the same prices at which they sell...

There needs to be agreement on cooperation between the United States and Europe for opposing any future “hurtful” subsidies used as a trade strategy by China for build up its commercial aircraft industry, said US Trade Representative Robert Lighthizer in an interview to the Reuters.  ...

The US Federal Reserve expects solid GDP growth in the second half of 2021, US central bank governor Jerome Powell said. "My expectation - and I think many people have that expectation - is that the economy will perform well in the second half of 2021, people will go back to work, businesses will...

The International Energy Agency (IEA) and OPEC have adjusted their oil demand forecasts. Most of the adjustments in expectations are for 2021, as it has become clear that demand for the fuel will decline while restrictions remain in place. At the same time, oil production will rise: the IEA...

According to the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, he sixty-two per cent of total lending by the global lender that it has disbursed so far as a response to the novel coronavirus pandemic hit has been given to 21 countries in Latin America which were...