The world economy will pick up from the COVID-19 pandemic and will rise by 5.3 percent in this year, the highest rate in nearly 50 years, states a report from UNCTAD. However, in the nexy year, the growth is expected to slow to 3.6%. According to the organization, in 2021 the world economy is...

A shortage of supplies and higher prices are making it harder for do-it-yourselfers, consequently making it even more aggravating for the home improvement segment.   One of the major ingredients of home improvement – paints, is getting more expensive by the day.    There is a...

An environmental, social and governance (ESG) performance standard has been introduced in the global hydro-electric industry by the Hydropower Sustainability Council (HSC) that aims to increase transparency and accountability in the industry. The HSC also hopes that this measure and companies...

World debt reaches an all-time high of $296 trillion in the second quarter of 2021, according to a report by the Institute of International Finance (IIF). "World debt increased by $4.8 trillion in the second quarter of 2021, reaching a record high of $296 trillion," the organization writes. At...

Natural gas inventories for the winter period in Europe and the United States are significantly below the average for the last five years. In the event of an early, cold winter, this could lead to fuel shortages and higher gas prices amid rising demand. Gas shortages in Europe could force the...

The growth of consumption in China until 2030 will be by 80% due to the increase in income of women, said UBS analysts. They expect the social situation of Chinese women to improve because of progress in providing them with education. Women will be the main driver of consumer spending in China in...

The White House stated that Joe Biden, the US President, spoke with Xi Jinping, his Chinese counterpart, for the first time in seven weeks. They urged them to ensure that there is no "competition," and not "conflict", the White House stated.   Biden stated that the United States wanted to...

The European Union's finance ministers stated Friday that they are currently reviewing EU budget rules and suggested changes should be made to support post-pandemic investment. They also said that it would be easier to reduce huge amounts of public debt.   The 27-nation bloc's finance...

The State Food and Strategic Reserves Bureau of the People's Republic of China for the first time auctioned off oil from the national reserves in order to reduce the price of raw materials for local refineries and the chemical industry. "This is the first time the bureau has organized the...