Business activity in China slumped to pre-pandemic levels, according to industrial output and retail sales figures. According to the country's National Bureau of Statistics, industrial output growth slowed to 9.8% year-on-year in April (14.1% month earlier, month-on-month growth also declined from...

International rating agency Fitch Ratings recognises the obvious benefits of digital currencies, but warns that there are risks that could harm financial systems, the agency said in a statement. "The widespread adoption of central bank digital currencies (CBDCs) could damage financial systems if...

US consumer goods prices rose by 4.2% in April compared to the same period in 2020. Such data was published by the US Department of Labour. It is the most significant monthly increase in prices since September 2008. Analysts polled by Dow Jones had expected prices to rise by 3.6%. The increase in...

The green economy set a new record in 2020, the International Energy Agency (IEA) has calculated. Electricity production from renewable sources has grown at the fastest rate in the past two decades. The amount of electricity produced by alternative pathways - through solar and wind generation -...

The cost of petrol in the US after a hack attack on the Colonial Pipeline, which supplies fuel to the East Coast, has approached the highs of November 2014. According to Bloomberg, petrol stations in some states are already facing gasoline shortages. Average petrol prices in the US reached $2.985 a...

Analysts at Moody's have concluded that an ageing world population will be reducing global economic growth by 0.9 percentage points a year over five years, from 2020 to 2025. Ageing of the world's population would cut global economic growth by 0.9 percentage points a year, Moody's experts said....

The International Energy Agency is of the opinion that of the world has to meet the climate targets, there has to be a boost up over the next decades in the supply of critical minerals that are considered to be crucial for technologies such as wind turbines and electric vehicles.   The...

Restrictions due to the third wave of the coronavirus in Germany have dragged other eurozone countries into the crisis, Deutsche Welle wrote, citing a report from the Federal Statistical Office. According to statistics, for the first quarter of 2021, Germany's GDP collapsed by 1.7 percent, which...

Replacing liquid fuel used for domestic consumption with gas and renewable energy sources could help Saudi Arabia to save more than $200 billion over the next decade, said the kingdom’s finance minister said even as the country tries to reduce its reliance on fossil fuels and find new ways of...