The United States is not lifting all duties on imports of steel and aluminium products from the European Union, the head of the European Parliament's international trade committee, Bernd Lange, has said. The EU needs to work towards a full resolution of the issue, said Bernd Lange, head of the...

Even though the United Kingdom economy was hit by wide-ranging disruption to supply chains, the economy managed to clock a small degree of momentum, growing at more than average speed in the three months to the end of October, according to a report by the Confederation of British Industry (CBI) on...

The leaders of the twenty largest economies of the world have agreed to a worldwide deal that would see huge corporations' earnings being taxed at a rate of at least 15 per cent.   This new global corporate tax regimen comes as a result of concerns that multinational firms are re-routing...

According to Chevron's chief financial officer, high oil prices are unlikely to last for long.   "This feels more cyclical than structural," Pierre Breber, the CFO of Chevron, the No. 2 oil company of the United States, said in a phone interview to CNN.   "We view these prices as...

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...