Taxi service Uber Technologies Inc. wants to sell part of its stake in Chinese taxi service Didi Chuxing worth $ 6.3 billion, Bloomberg reported, citing sources familiar with the situation. Uber is in talks to sell a stake in Didi with Japanese SoftBank Group, which is a major shareholder in both...

The US Federal Reserve System (Fed), following the September meeting, left its key rate at 0–0.25% per annum. Judging by the dotted graph, the open market committee members are not expecting a rate hike until 2023. The authority has updated the wording on inflation target - now the Fed will strive...

The efforts of various countries to counter the economic impact of the novel coronavirus pandemic will potentially result in the global recession that the global economy is currently undergoing will not be as deep as expected, said the Paris based think tank  - the Organisation for Economic...

Metalu Plast is a sports equipment manufacturer taking its “Made in France” domestic successes to the international stage, most notably fitting stadiums during the 2018 FIFA World Cup in Russia. In France, the company is known by local authorities and sports equipment professionals as number one in...

A free trade agreement with Japan was struck by the United Kingdom on Friday in what is the first big post-Brexit trade deal for Britain. Both the countries hailed the trade agreement as “historic” even as the UK is having troubles with clinching a favourable trade deal with its closest and biggest...

The updated global macro forecast of the Fitch rating agency suggests that already in 2021, global growth will generally compensate for the current decline due to the COVID-19 epidemic. However, despite the improvement in general estimates against the background of a faster economic recovery from...

Britain could walk away from the Brexit talks within weeks, warned British Prime Minister Boris Johnson on Sunday and insisted that a no-deal Brexit would be a "good outcome for the U.K.". These comments came just prior to a crucial round of talks between Britain and the European Union on Britain’s...

Exports from China to other countries in August rose 9.5% on an annualized basis after growing by 7.2% in July, according to data from Chinese customs. China's imports in August fell due to a drop in world prices for raw materials. As they recover, this figure, according to experts, will return to...

There is likely not going to be any major slowdown in the global economy because of the novel coronavirus pandemic but the chance of oil market’s recovery is clouded by the  piled-up storage and uncertainty over China’s oil demand, believes the International Energy Agency (IEA) as stated by an...