Low volumes of wine production in South America and low output in the European Union after the coronavirus crisis sent sales sliding, have resulted in an international industry body making prediction of global wine production remaining below the five-year average fior the current year.  ...

With mounting concerns and fears about the American economy because of the pandemic,  a recent survey showed that three states in the United States, which are believed to be crucial for the re-election of Republican President Donald Trump noted a sharp drop in consumer confidence in October,...

Foreign pilots of Turkish Airlines will be sent on an unpaid leave, reports Bloomberg citing the company’s email to several its employees. The firm did not specify how many employees this step will affect, although it is now known that the leave will start on November 1 and will last no less than...

Failure to update international tax rules could incur a loss of “$100 billion”.The OECD expressed its concern on the issue of countries agreeing to continue negotiating till middle of 2021 regarding rewriting “rewrite cross-border tax rules”, whereby adding that in case the attempts “break down”...

With restrictions induced by the novel coronavirus pandemic returning back into the region, there was a slowing down of economic activity in the euro zone in October, according to reported quoting preliminary data.   A four month low was touched in October by the flash euro zone PMI...

Bruno Le Maire, Minister of Economic Affairs, Finance and Reconstruction, believes it is necessary for the European Union to resort to countermeasures by raising tariffs on goods from the country in connection with disputes with the United States over aviation industry subsidies. "Yes, I am in...

The economic recovery of the world from the impact of the novel coronavirus pandemic could be sped up by implementing strong international cooperation of the vaccines against the disease.   International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that such a measure...

The once shunned second-hand goods sector is booming with interest from Chinese millennials as Chinese consumers once again show their love for luxury products. In fact, reports suggest that millennials are leading a new wave of interest in luxury and second hand products market through online...

The urgent need for countries around the world to bring the spread of the coronavirus pandemic under control was stressed by financial leaders from the Group of 20 major economies while also pledging to "do whatever it takes" in order to support the global economy and financial stability.  ...