World trade is recovering faster than previously expected - after falling by 5.3% in 2020, physical growth could reach 8% this year, according to an updated World Trade Organization (WTO) forecast. The volume of world trade this year will increase by 8% after a decline of 5.3% in 2020 - this is the...

The reason cited for the plea is the “long overdue” of modernisation. In response to the economy revamp proposal of the U.S. President Biden, aviation companies from across the globe have “made a plea” for “funding under a roughly $2 trillion” infrastructure package. The reason cited for the plea...

IHS predicts that as much as “1.3 million global light vehicles” production could suffer. HIS Markit, a data firm, reported that the global auto industry is a victim of “ongoing chip shortage” worsened by a recent fire incident “at a Japanese semiconductor factory” besides the “severe weather” seen...

There was a new set back to global trade as authorities of the Suez Canal stopped all ships entering the channel on Thursday as the huge container ship continued to block the busiest channel of the world trade as the salvage company said that it will take weeks to free the channel of the blockade....

A shortage of ships carrying raw materials from South America could cause a global shortage of toilet paper, Bloomberg reports. According to the agency, Brazil is the world's largest supplier of raw wood, and Brazilian company Suzano Papel e Celulose accounts for a third of the global supply of raw...

The wealth of billionaires reached new heights in 2020 when the rest of the world was grappling with unemployment and lost jobs and businesses because of the Covid-19 pandemic.   And currently many of those billionaires are trying to hold onto and consolidate their fortunes even as the world...

The covid-19 pandemic last year resulted in the biggest banks of the world cutting down by 9 per cent for projects involving fossil fuels even though that spending last year was still higher over the last a five year period according to a report published on Wednesday.   According to a...

Sales of new homes in the U.S. in February fell 18.2% from the revised January figure to 775,000, according to the U.S. Commerce Department's Census Bureau. Analysts polled by DailyFx had expected the figure to drop only 6.5% from the previous month's initial figure to 875,000. The January figure...

While pointing out to a number of emerging signs of a stronger global economic recovery, the second most important official of the International Monetary Fund on Saturday also warned of risks that still pose a threat to global recovery which includes the emergence of multiple variations of the...