The United Nations Conference on Trade and Development (UNCTAD) now expects the global economy to grow faster in the current year of 2021 at 4.7 per cent compared to its previous forecast of a 4.3 per cent annual growth. Announcing this upgrade, the UN body has said that its upgrade was prompted by...

Since the start of this year, SPAC IPOs in the US have totalled $85.9bn - more than the full year 2020 in less than three months. This is data from SPAC Research, a resource that tracks such deals. Such results are all the more telling because last year was also a record year in terms of the amount...

For the first time since the pandemic, investors no longer see the coronavirus as a major threat to markets. Investment fund managers surveyed by Bank of America rather fear rising inflation and "hysteria" over tightening regulatory policies. U.S. investors have ceased to consider the pandemic...

A new study that was published on Tuesday has claimed that there needs to be an increase of 30 per cent in planned investment in clean energy by 2050m totalling to an investment of $131 trillion globally to prevent a catastrophic climate change. The report also noted the acute need to significantly...

China's statistical office recorded a record improvement in January-February in a number of indicators, such as industrial production, retail sales and capital expenditure rose by more than 30% year-on-year. This strong growth is primarily due to the low base effect - last year's peak months of the...

The Chinese economy continued to consolidate its fast recovery from the Covid-19 pandemic with the country’s factory and retail sector activity growing in the forts two months of the current year which beat expectations of analysts.   However according to analysts, the very low base from the...

A new draft policy e-commerce firms prepared by the Indian government will mandate that such companies follow a policy equal treatment of sellers on their platforms while also ensuring transparency. This draft policy paper was prepared after there were criticisms of the business practices by the...

With the aim of restraining euro zone borrowing costs, the European Central Bank could be printing money faster, the central bank signalled on Thursday. The ECB however did not say anything about adding more money to the already robust and aggressive package to tackle the Covid-19 pandemic hit....

Apple has announced that it will invest €1 billion in Germany in the coming years. Most of the money will go towards creating the company's European centre in Munich to develop memory chips for 5G networks and other mobile wireless communications equipment. According to Apple, the Munich facility...