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S&P upgrades Turkey's ratings to 'B+' from 'B' 05/07/2024

L'Occitane will buy back its shares for $1.8 bln and leave stock exchange 05/02/2024

US Fed Maintains Rates Steady, Citing 'Lack Of Additional Progress' On Inflation 05/02/2024

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Economics

Post-Brexit rollover trade deal struck between Britain and Canada

A rollover trade deal has been agreed to between the United Kingdom and Canada on Saturday which will be instrumental to protect the mutual trade worth $27 billion (£20.32 billion) from additional tariffs after Brexit. The two countries also agreed to begin negotiations on a bespoke agreement next...

WTO Believes G20 Should Back Reforms And Help In Trade Financing For Developing Economies

The World Trade Organization suggested that trillions of dollars in trade financing for developing countries should be provided by the group of 20 major economies so that the developing countries as well as the global economy can be helped to emerge from the economic hit of the novel coronavirus...

Optimism About Biden Administration High Among Most US Firms In China: Survey

The results of the United States presidential election has made more than 60 per cent of the American businesses in China more optimistic about doing business in China, showed a business group survey that was released on Friday. But on the question of continuation of the trade tensions...

With UK And China Showing Interest To Join, Japan Seeks To To Expand CPTPP Trade Deal

A major regional free trade pact called the CPTPP is aimed to be expanded by Japan, according to the comments made by the Japanese Prime Minister Yoshihide Suga on Friday. According to analysts, this is potentially because of the interest shown by China and the United Kingdom to join the trade...

Hungary And Poland Veto To Coronavirus Stimulus Could Delay Recovery, Says EU Economics Chief

A recovery in the European Union could get delayed because of possibilities of a $2 trillion stimulus plan to combat the economic impact of the Covid-19 pandemic in the region may not be delivered as quickly as originally planned, said a worried economics chief of the EU. In July, a...

USA notes growth in industry in October

US industrial production returned to growth in October with a 1.1 per cent increase (0.4 per cent decrease in September), as a result of which the index virtually compensated for the record-breaking drop in February and April (minus 16.5 per cent). At that, output in October was still 5.6% lower...

China becomes the only major economy to show growth in 2020

The recovery of the Chinese economy accelerated in October as fiscal support increased, as evidenced by the latest macroeconomic data from the National Statistics Office of China. China's GDP has already grown 4.9% year on year in the third quarter, outperforming growth in the second quarter of...

Japanese index jump to its peak of 1991 as economy climbs up after COVID-19

Quotations on the Tokyo Stock Exchange rose on Monday amid signs that the Japanese economy is recovering from the crisis caused by the COVID-19 pandemic, Kyodo agency reported. According to its data, in the first 15 minutes of trading the key Nikkei index, which reflects the dynamics of quotations...

UK, EU’s Trading Partners Demand Clarity Post-Brexit Clarity At WTO

The United Kingdom and the European Union have been asked by their major trading partners to clarify the terms and conditions of renegotiating tariff levels after Brexit as well as for compensating of their suppliers in the case of any loss of access to markets, said reports quoting a Geneva trade...

8 Of The Top 10 Countries Retaining Talented Workers Is In Europe

Even with the novel coronavirus pandemic looming over the ability of many countries to attract top talent, Switzerland has been identified as the best place in the world in terms of attracting and nurturing skilled workers. According to IMD’s World Talent Ranking 2020, other continental...