The current spate of inflation would pick up next year and would put increasing pressure on consumer goods companies for increasing prices of products to try and account for the increasing prices for energy and other related expenses, warned Unilever.   While issuing the warning, the company...

The International Monetary Fund said on Thursday that a shortage of access to Covid-19 vaccines is stifling economic recovery in Sub-Saharan Africa and that the region will fall behind by years compared to developed countries because of this.   In its regional economic outlook, the fund...

Cuba has signed an agreement on energy cooperation with China as part of the One Belt, One Road programme, the Cuban embassy in China said. The agreement was signed during the One Belt, One Road energy cooperation conference in Qingdao. It provides for the participation of Chinese companies in the...

The Chinese economy, the second-largest in the world has already been hit by power shortages which have, in turn, threatened to upend the global supply chains, while it is becoming apparently clear that the gas shortage in Europe will continue in October as no signals of increasing gas exports to...

People's Bank of China Governor Yi Gang believes that the Chinese economy is "doing well," even though there are headwinds challenging it, including default risks for some firms due to "mismanagement".   The huge debt burden of more than $300 billion in liabilities and the missed...

Power shortages, issues with supply chains, and major issues in the property market of the country resulted in China’s economic growth happening at its slowest pace in a year during the third quarter. This has now pressurized policymakers to take more measures to prop up the recovery of the economy...

China, amid an energy crisis in some parts of the country, increased coal imports in September by 76% year-on-year, while coal production fell by 0.9%, data from China's State Bureau of Statistics showed on Monday. Authorities in several provinces in China, mostly in the northeast, have been...

The minutes of the September meeting of the US Federal Open Market Committee were published at the end of last week. As expected, committee members agreed on the parameters for a gradual winding down of the monetary stimulus programme. It is a question of reducing the volume of the Fed's purchases...

With growing speculation among bitcoin investors that the United States regulators would approve a futures-based exchange-traded fund (ETF) which would, in turn, clear the path for more widespread investment in digital assets, the value of bitcoin surpassed $60,000 for the first time in six months...