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...

Economic growth in the Eurozone has surpassed experts' expectations as the region has shown a high rate of recovery from the effects of the COVID-19 pandemic, CNBC reports. Thus, business activity index (PMI), according to the IHS Markit survey of top managers of large companies, rose from 53.2 to...

Top executives of global airlines are now focused on the assessment of the long term impact of Covid-19 pandemic on the premium travel segment, technology and other critical aspect of their business even as the airline industry continues to face new issues that could derail or hamper the industry’s...

With the American economy reopening and a surge in domestic demand, manufacturers in the United States are increasingly finding it difficult to source raw materials and other inputs even though factory activity in the country continued to surge in April.   Good news for the US economy...

A poll of more than 500 economists conducted by the news agency Reuters revealed that the recovery of the global economy this year form the lows that it hit because of the novel coronavirus pandemic in 2020 will be sharpest since the 1970s.   Wide majority of the economists participating in...

Lockdowns and other restrictive measures during the pandemic cost the largest economies an average of 7.1 percentage points of GDP, according to a joint review by ACRA and Chinese rating agency Golden Credit Rating. A total of 27 countries accounting for 81% of global GDP were taken into account in...

The shortage of semiconductors has also affected auto production in in China after there were hopes that the largest car market of the world would lead a global recovery of the industry, however many executives of the auto industry are now rattled by the shortage and its China hit.   The...

Carbon (CO2) emissions will increase by almost five per cent this year (1.5 billion tonnes more than in 2020). This would be the second biggest increase in history, the International Energy Agency (IEA) said in a report. It is a "dire omen" of impending threats to the climate and the environment...