The US economy slowed down sharply in the third quarter. Had the economy grown at the same rate all year round, the figure would have been just 2% - down from 6.7% in the second quarter and 6.3% in the first. On a normal annualised basis, growth was 4.9% - down from 12.2% in April-June and 0.5% in...

The recovery of the global economy will be significantly slower than expected unless the leaders of the world follow the universal availability of Covid-19 vaccines and end the so-called 'vaccine apartheid,' according to Guy Ryder, Director-General of the International Labour Organization (ILO)....

With Covid-19 infections spreading throughout the globe as well as in the United States, there was straining in the global supply chains and resulting in shortages of items like vehicles. That potentially led the US economy to grow at its slowest pace in more than a year in the third quarter....

The September quarter saw Australian core inflation accelerated to its quickest annual rate since 2015, as rise in prices became more widespread, a huge surprise that prompted markets to bet heavily on interest rate hikes earlier than previously anticipated.   The headline consumer price...

Despite rising prices and supply chain constraints, profits at industrial firms in China increased at a quicker rate in September, owing primarily to spectacular growth in the mining and raw materials industries.   However, some companies failed to overcome the high costs.   The...

Cloud computing service providers should also be able to target by the draft EU laws aimed at limiting the power of Amazon, Apple, Alphabet's Google, and Facebook aimed at reducing anti-competitive behavior, according to research released on Tuesday.   The release of this report also comes...

The Asian Securities Industry and Financial Markets Association (ASIFMA, an association of 150 banks and management companies) has asked Hong Kong Finance Minister Paul Chan for a clear plan to lift restrictions on COVID-19, the South China Morning Post reported, citing a letter from the...

There have been positive signals of a rebound in business and international travel, claimed the hotel owner IHG and added that this has been driven by strong corporate bookings in the United States.   This has helped the Holiday Inn owner's room revenue to get closer to its pre-pandemic...

East Timor is trying to cover a multibillion-dollar income hole that will become apparent in 2023 when a depleted oil and gas field off its coast will become defunct and hence the country wants to move through with plans for a carbon capture and storage (CCS) project at the field.   Since it...