Demand for oil fuel is rising in some parts of Asia amid growing gas prices, Patrick Pouyanne, head of TotalEnergies, told the Evolen conference in Paris. "What is happening with gas could be worrying for some emerging economies in Asia. Some Asian countries are now going back to using oil fuels,...

Head of Kraft Heinz said that consumers should get used to high food prices. The cost of food, according to him, will continue to rise due to the lack of suitable land for growing food. The UN had earlier reported that global food prices were rising to a 10-year high. Shoppers around the world...

The rapid growth of debt in most economies in 2020-2021 is not so much a separate event but an unexpected continuation of the debt booms triggered by the global crisis of 2008-2009. The fundamentally new reality of global debt increasing by 13 percentage points to 97% of global GDP in 2020 is not...

Worries about the economic outlook of the United Kingdom and concerns about the continued rise in prices have pushed down British consumer morale to the lowest point since February this year when the country was placed under stringent Covid-19 restrictions, claimed a report prepared by the Bank of...

The draft of a report commissioned by a global anti-corruption body of governments, companies, and activists has warned that an infrastructure-for-minerals deal with Chinese investors worth $6 billion should be renegotiated by the Democratic Republic of Congo.   According to reports, data in...

Constraints in the supply chain disrupting the production of cars and other products forced its gloomiest forecast for the economics of the region in over a year to be announced by the Bank of Japan (BOJ) on Thursday.   The gloomy view also cast a shadow over the rebounding of the...

After governments all around the world allotting unprecedented fiscal stimulus for warding off the economic impact of the Covid-19 pandemic, policymakers now should focus on creating plans for returning back to more sustainable budgets and implement policies that are able to win the trust of...

According to a world bank report released Wednesday, economic growth of 3.3 per cent for 2021 and 3.5 per cent for 2022 has been predicted for Sub-Saharan Africa which would be driven by rising commodity prices, the relaxation of some of the Covid-19 restrictions, and growth in global trade. ...

If the United States does not invest massively in itself, it risks losing its economic advantage in the world. US President Joe Biden said on Tuesday when he spoke in Michigan about the country's infrastructure plan. "America is still the largest economy in the world ... But as a country, we risk...