With Americans providing a deflated outlook for everything from personal finances to inflation and employment in a recent survey – which led economists to conclude that the consumer confidence in the country dropped significantly in early August to its lowest level in a decade which, according to...

The UK Competition and Markets Authority (CMA) has completed an investigation into the deal between Facebook and animated image service Giphy and has come to the preliminary conclusion that their merger is detrimental to free competition of online social platforms in the country. On that basis, the...

The coronavirus pandemic has caused a "productivity boom" in the United States. Fewer workers are producing more output than they did before the pandemic. If this trend holds, the economy will see big changes in the next decade, according to The New York Times. Productivity in the United States has...

China's producer price growth accelerated to 9 percent year-on-year in July from 8.8 percent in June, according to Chinese government statistics. This growth is a consequence of the low-base effect caused by the pandemic: the inflation did not exceed 0.5% month-on-month. Its acceleration can mainly...

Companies should take action themselves to address climate change issues and should not depend on wide ranging agreements being reached between various governments when they get together at a global summit on climate change later this year, commented Standard Chartered CEO Bill Winters in an event...

According to many analysts, the second half of the current year would get a powerful boost as indicated by a record hiring in the United States in nearly a year in July while wages also continued to rise in the month. Some economists believe growth in the current year would be the highest for the...

A slowdown was suggested in the industrial sector in China for the in the second half with an unexpected decline in export growth of the country for the month of July, because of outbreaks of Covid-19, and loss of growth in imports too, even as global commerce is growing with the easing of...

After a two-year hiatus, the $28.5 trillion national debt limit has come back into effect in the US. This robs the government of its ability to borrow and without urgent action by Congress threatens with a default by October, Bloomberg notes. The national debt limit, which sets the amount the U.S....

North Korea's economy has experienced a record drop in 23 years. According to Yonhap, the country's GDP fell by 4.5 per cent in 2020. However, the calculations were carried out by South Korea's central bank, in the absence of such data from the DPRK itself. According to the Bank of Korea's...