The Cuban authorities have announced the date of a long-awaited reform of the monetary system, which will see the country abandon the practice of using two exchange rates and actually devalue its own currency, with a single currency regime to be applied from 1 January. At the moment, the...

Even after once again agreeing to extend trade talks beyond a self-imposed Sunday deadline., both the United Kingdom and the European Union warned that it was now likely that there will be a no-deal Brexit.   After the after Wednesday's meeting between European Commission President Ursula...

An improvement in the Japanese business sentiment was recorded in the October-December quarter, marking the second straight quarter of such a development, according to an important central bank survey released on Monday.   According to analysts, this is welcome sing sign for the country’s...

The month of November extended the double digit decline in the domestic shipment of smartphones in China. There was 17 per cent year on year drop in domestic shipments in the largest smartphone market of the world, showed data from the government released on Thursday.   The government data...

Coronavirus vaccination will significantly improve the situation with the pandemic by mid-2021, after which economic recovery will be more confident and social distance standards are likely to be lifted in 2022, according to an updated macro forecast from Fitch. In the third quarter of 2020, the...

Just a day after agreeing to meet the head of the European Commission in what is being described to be a last minute effort to strike a Brexit trade deal with the European Union, British Prime Minister Boris Johnson said on Tuesday that the trade talks could be abandoned by his country.  ...

The Council of the European Union has allowed the member states to temporarily exempt coronavirus vaccines, infection tests and other goods required for vaccination from value added tax (VAT). This is reported on the Council's website. "The Council of the EU has approved amendments to the Single...

The negotiations on a Brexit trade deal between the United Kingdom and the European Union hangs by a threat just 24 days prior to the end of the transition period even as the EU tried to secure a deal at the last minute by bridging significant differences between the two parties so that a...

The OPEC+ countries, which spent the last week arguing over the level of new production quotas in 2021, reached a brief agreement at a meeting on 3 December. According to the deal approved in April, OPEC, Russia and a number of other major oil producers are reducing production to balance the market...