With restrictions induced by the novel coronavirus pandemic returning back into the region, there was a slowing down of economic activity in the euro zone in October, according to reported quoting preliminary data.   A four month low was touched in October by the flash euro zone PMI...

Bruno Le Maire, Minister of Economic Affairs, Finance and Reconstruction, believes it is necessary for the European Union to resort to countermeasures by raising tariffs on goods from the country in connection with disputes with the United States over aviation industry subsidies. "Yes, I am in...

The economic recovery of the world from the impact of the novel coronavirus pandemic could be sped up by implementing strong international cooperation of the vaccines against the disease.   International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that such a measure...

The once shunned second-hand goods sector is booming with interest from Chinese millennials as Chinese consumers once again show their love for luxury products. In fact, reports suggest that millennials are leading a new wave of interest in luxury and second hand products market through online...

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...