The urgent need for countries around the world to bring the spread of the coronavirus pandemic under control was stressed by financial leaders from the Group of 20 major economies while also pledging to "do whatever it takes" in order to support the global economy and financial stability.  ...

The number of jobs fell by 392,000 in South Korea in September compared to the same period in 2019. The number of citizens who are working amounted to 27.1 mln. The rate of employment among citizens aged from 15 and 64 fell to 60.3% (by 1.2%), the National Statistical Office reported on Friday....

Private creditors and China should fully participate in the program to ease the burden on poor countries. Such an opinion was expressed by the director-coordinator of the International Monetary Fund (IMF) Kristalina Georgieva. “Private creditors were not included in the resettlement program at...

The British government needs to raise taxes by more than 40 billion pounds ($ 52 billion) annually until 2025 to stem the rise in public debt due to the pandemic crisis. This forecast was made by the London Institute for Economic Research (IFS), according to the Financial Times on Tuesday. Annual...

Central banks of the world have agreed to set out rules and regulations for monitoring and regulating cross-border stablecoins such as the one planned by the social media company Facebook called Libra.   The central banks on Tuesday agreed to make new rules that will have a common approach...

The finance ministers of the G7 countries (UK, Germany, Italy, Canada, USA, France and Japan) are likely to oppose the launch of Facebook's Libra cryptocurrency. Reuters reported this on Monday with reference to the draft G7 statement. According to the agency, the document says that payments in...

Renewable diesel as well as biodiesel have nearly fifty to eighty percent less carbon footprint in comparison to conventional diesel. The refineries are making aggressive move to come out with “renewable diesel”. To some extent the reason behind the same could be to tap into the “greener fuel...

Oil prices may come under pressure in the coming weeks, as several factors supporting the quotes are not in force anymore. The Norwegian oil industry and Lederne's union reached an agreement on October 9 to end a strike lasting since September 30. The workers were unhappy with the cut in wages...

The prospect of issuing digital currencies of their own is being considered for some time now by some of the largest central banks of the world – as well as some of the smaller ones.   If such projects are actually launched by central banks, it will help  holders to make payments...