A very fast paced recovery from the Covid-19 pandemic induced economic slowdown and recession helped the Chinese economy to post its strongest growth in two years. The economy came to a virtual standstill after the emergence of the pandemic in the country at the beginning of 2020. China was the...

A massive $1.9 trillion stimulus package proposal to counter the impact of the impact of the covid-19 pandemic in the United States was unveiled by US president-elect Joe Biden. The package is designed to jump-start the economy and accelerate the fight of the country against the novel coronavirus...

According to a recent study commissioned by the US-China Business Council (USCBC), a peak loss of 245,000 jobs in the United States was the result of the trade war with China that was initiated by the US President Donald Trump. However the report also predicted that an additional 145,000 jobs would...

OPEC maintained its forecast for global oil demand in 2021, expects it to grow by 5.9 million barrels per day. The assessment of demand in 2020 is slightly worsened, according to the organization's January report. "Global oil demand will grow by 5.9 million bpd in 2021, the forecast from last...

All imports that have any cotton or tomato products originating in China’s Xinjiang region will be banned in the United States, the government has said, over charges that the Chinese government is using  at least 1 million members of the country’s Uyghur ethnic minority into forced labour to...

The impact of Brexit is already being felt by Scottish seafood firms who claimed that delays and costs because of Brexit in exporting fresh seafood and salmon to Europe has put their businesses in a crisis.   The new export regulations and procedures have forced seafood exporters and fishers...

In the USA, new restrictions due to the pandemic led to the first drop in new jobs since April 2020: in December the figure fell by 140,000 (analysts had forecast an increase of 70,000). Growth in new jobs slowed to 336,000 in November from 638,000 in October. The decline is associated with a fall...

The combined market cap of all cryptocurrencies has surpassed $1 trillion for the first time, CoinMarketCap reports. According to CoinMarketCap, cryptocurrency market capitalisation had risen to $1.051 trillion. Bitcoin's value jumped in late December. The coin broke the record of $20,042 then...

An executive order that bans all transactions with eight Chinese software applications, including Ant Group’s Alipay, was signed by the United States President Donald Trump on Tuesday, the White House said.   This latest move against suspect Chinese firms has escalated the tensions between...