Moody`s assessed the prospects of the negative consequences of the coronavirus COVID-19 on the global economy. According to the international rating agency, the impact of the pandemic shocks will continue in 2021 and beyond. "The consequences of the pandemic and the measures taken by states to...

The US Department of Justice withdrew more than $1 billion worth of Bitcoins from the Silk Road website, which was used for trafficking drug, arms and other illegal transactions and was closed in 2013. This was announced by David Anderson, California's Attorney for the Northern District. The...

There were still "very serious divergences" between the European Union and the United Kingdom in trade talks related to Brexit, the EU's Brexit negotiator has said recently and has suggested that disruptions in commerce and trade with Britain was more acceptable to the bloc than diluting its key...

On Thursday, the Bank of England announced the expansion of its £150 billion ($195 billion) government bond buyback programme, bringing the total to £895 billion ($1.17 trillion). Analysts expected the government bond buyback programme to expand by £100 billion. With this cash injection, the Bank...

The US Federal Reserve (Fed) left the key rate at 0-0.25% per annum following the November meeting. The watchdog maintained in its statement that the Fed will aim for inflation "slightly above 2%" and maximum employment, and will not increase rates until these targets are met. In the meantime,...

Any debate of austerity in Europe has been pushed to the sidelines because of the novel coronavirus pandemic and instead the region is seeing a race among economies to spend their way out of the pandemic induced recession and gain back some semblance of normality.   The trillions of dollars...

A summer period with few social restrictions in Europe helped the euro zone economy to bounce back in the third quarter.     But analysts are now eagerly waiting to see how the region performs in the fourth and final quarter of the year given that two of its largest economies – Germany...

The fund continues to be on the look out for suitable projects to carry on with its investment plans. The largest wealth fund in the world is of Norway’s “$1.1 trillion sovereign wealth fund” which is currently struggling to find “suitable unlisted renewable- energy projects” to direct its...

Despite the global recession inflicted by the Cvoid-19 pandemic, house prices in New Zealand have increased to touch record levels. This development has prompted economists and experts to warn that the surging property market will cause damage to the long-term economic wellbeing of the country as...