It reports emerging out of London and Brussels are to be believed, the two parties are close to clinching a Brexit trade deal.     On Thursday, the final details of a post-Brexit trade deal were chalked out by the European Union and United Kingdom and the negotiators hoped that they...

Ole Hansen, Head of commodity strategy at Saxo Bank, believes that the emergence of a more contagious strain of coronavirus could result in a drop in oil prices due to possible new lockdowns. By the evening of December 23, Brent crude was trading at $51 a barrel on London's ICE exchange, but in the...

Usual flow of trade has been upended by the growth in demand from people staying back at home during the novel coronavirus pandemic for furniture, exercise equipment and other goods.   In order to reduce its business risks, about half of its production out of China by Amazon seller Bernie...

Mass vaccination of the population will be the key to global economic recovery in 2021, according to analysts at the international insurance company Euler Hermes. Mass vaccination will lead to a revival of the service sector, a synchronized economic recovery in various sectors, the partial spending...

Japan’s Ministry of Finance announced the approval of a record $1.03 trillion budget draft for the next fiscal year starting in April 2021 by the country’s cabinet even as the public finances of the country is under pressure because of the novel coronavirus pandemic’s economic impact and the...

The International Energy Agency (IEA) forecast that the demand for coal globally will increase by about 2.6 per cent next year because of increase in use and demand electricity associated with increase in industrial output as economies all over the world recover from the Cvodi-19 induced slump....

An interim agreement on free trade between the United Kingdom and Canada are very close to be completed, said reports citing sources with knowledge of the matter. The interim trade agreement will work after Brexit and will be in force until such time that a new bilateral agreement is approved by...

The latest stimulus by the Japanese government to combat the novel coronavirus pandemic’s impact on its economy and to hasten the speed of the recovery prompted Japan's government to raise its economic growth forecast for the next fiscal year.   The latest estimate by the country’s Cabinet...

While the European Union said on Friday that there were only hours left to arrive at a Brexit trade deal, the United Kingdom urged the EU to see sense.   The two sides are trying to strike a free trade agreement before Britain crashes out of the EU on January 1. An agreement on trade will...