According to a research conducted by the JPMorgan Chase Institute, those Americans who obtained increased unemployment benefits given in the wake of the novel coronavirus pandemic reportedly spent more money compared to what they usually spend when they had jobs. The report also expressed concerns...

The increase in prices for in-demand video game consoles during the novel coronavirus pandemic induced lockdown propped up British inflation for the month of June in an unexpected manner, shows the latest official data available.   There was a 0.6 per cent rise in consumer price inflation...

After the United Kingdom decided to put ban on the Chinese telecom equipment maker Huawei from participating in 5G roll out in the country, Chinese state media has forecast a “public and painful” retaliation against the UK even as the credit for the ban was apparently claimed by United States...

Oil production in the largest oil and gas producing regions of the USA, a significant part of which is shale oil, will decrease by 56 thousand barrels per day, or 0.7%, to 7.49 million barrels per day in August compared with July, the US Energy Information Administration expects. The largest...

Companies around the world may increase corporate debt to $ 1 trillion in 2020, trying to strengthen their financial situation in the context of the coronavirus pandemic, according to an analytical report by financial holding company Janus Henderson. “COVID has changed everything. Now it’s about...

Analysts at App Annie found that the time spent in mobile applications grew by 40% in the second quarter, which saw the peak of quarantine measures in many countries. In average, over the month of this quarter, users from all over the world spent a record 200 billion hours in various applications....

Iran has reduced oil production to a minimum over the past 40 years amid nearly full storage facilities due to consequences of the novel coronavirus pandemic and a drop in oil exports, Reuters reported. "Iran has reduced oil production to its lowest level in four decades, since storage tanks and...

An improved offer will be made by Argentina to its creditors while also urging them to extent the negotiations for restructuring of its debts worth about $66 billion through the end of August. This was said by the Argentine President Alberto Fernandez during the weekend,   "The new offer...

A “truly European” payments system is expected to be up and running in 2022, said about 16 banks from across the European Union. The aim is to forward the process of digitization in a region where almost half of the transactions in retail purchases are done through cash.   Creation of a home...