Oil-consuming countries have grown more concerned by crude oil’s rebound in the last year with its prices rising to $50 a barrel, then to $75, and currently at more than $85.   The alarm bells started ringing when Vladimir Putin, one of the OPEC+ cartel's leaders, warned that $100 a barrel...

Following the announcement of the social media giant Facebook on Thursday of rebranding itself and changing its corporate name to develop the "metaverse", a shared virtual environment, the stock price of Meta Platforms Inc rose only marginally in premarket trading on Friday.   The new name...

The European Central Bank now had a tough decision to take a policy call because the growth of the euro zone economy throughout the summer was quite robust as economic activity continued to recover following the coronavirus outbreak, but at the same time inflation is outpacing predictions.  ...

The slump in the performance and production of the auto sector of the United States so far this year is more than a big issue for Detroit because it has turned out to be a major issue for the American economy.   During the third quarter, America’s growth in gross domestic product slipped to...

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...