North Korea's economy has experienced a record drop in 23 years. According to Yonhap, the country's GDP fell by 4.5 per cent in 2020. However, the calculations were carried out by South Korea's central bank, in the absence of such data from the DPRK itself. According to the Bank of Korea's...

The gross domestic product of the United States economy cross its pre-pandemic peak as the country’s economy staged a solid growth in the second quarter with consumers spending more on goods and services helped by massive government aid and speedy vaccinations against Covid-19.   However,...

Large investments are being made in shopping features by social media platforms, led by Facebook, along with Alphabet's YouTube, Snap Inc and Twitter, among others. The social media companies hope to drive revenue growth through this measure which was an overarching theme that emerged from the...

According to the predictions of the chief executive of STMicroelectronics, the current global shortage of semiconductor chips that has affected the production of companies in a range of industries – including the likes of Apple Inc and Volkswagen AG, will not end any time soon and is most likely...

The US Federal Reserve (Fed) decided at the end of its July meeting to keep its key rate at 0-0.25% per annum. The watchdog also refrained from any changes to asset purchases, but noted the ongoing economic recovery and progress towards employment and inflation targets and in comments on this...

The global economy will grow by 6% this year and 4.9% next year, according to an updated International Monetary Fund (IMF) forecast. The trajectories of global economic recovery have become even more divergent, says the IMF's updated global macro forecast. Vaccination rates remain a key criterion -...

Special purpose acquisition companies, or SPACs, are being monitored by global securities markets regulators because of possible concerns over regulatory issues, according to securities markets regulators.   SPACs are shell companies that get themselves listed on the stock market and use the...

A number of ventures and private equity investors in China are trying to find an exit from the market after they had made investments worth billions of dollars into the education sector of the country because of the move by Chinese authorities to end profit making by private tutoring firms from...

Countries of the Americas need to create a new model of coexistence, said President of Mexico Andrés Manuel López Obrador, called for this when he spoke at the celebration of the 238th anniversary of the birth of Simon Bolívar in Mexico City. He said that the old model of relations between all the...