The US Federal Reserve (Fed) decided at the end of its July meeting to keep its key rate at 0-0.25% per annum. The watchdog also refrained from any changes to asset purchases, but noted the ongoing economic recovery and progress towards employment and inflation targets and in comments on this...

The global economy will grow by 6% this year and 4.9% next year, according to an updated International Monetary Fund (IMF) forecast. The trajectories of global economic recovery have become even more divergent, says the IMF's updated global macro forecast. Vaccination rates remain a key criterion -...

Special purpose acquisition companies, or SPACs, are being monitored by global securities markets regulators because of possible concerns over regulatory issues, according to securities markets regulators.   SPACs are shell companies that get themselves listed on the stock market and use the...

A number of ventures and private equity investors in China are trying to find an exit from the market after they had made investments worth billions of dollars into the education sector of the country because of the move by Chinese authorities to end profit making by private tutoring firms from...

Countries of the Americas need to create a new model of coexistence, said President of Mexico Andrés Manuel López Obrador, called for this when he spoke at the celebration of the 238th anniversary of the birth of Simon Bolívar in Mexico City. He said that the old model of relations between all the...

The pace of business activity expansion in July in the euro zone was the fastest in more than two decades as governments relaxed more of Covid-19 restrictions resulting in a boost to the services industry, showed a survey.   However, it also showed a decline in business confidence because of...

A combination of events in recent months has upended the global supply chains towards breaking point which include a fresh surge of Covid-19 throughout the world, heavy rains leading to severe disasters in China and Germany and a crippling cyber attack that targeted some of the crucial ports of...

China's tough regulatory policy on local tech giants is just one part of a broader project to create a big data trading system, Reuters reports. The plan has been in the works for years but has now been accelerated. It involves creation of pilot projects for state-controlled data trading markets,...

The rate at which the world is phasing out gasoline is faster than expected. According to Bloomberg analysts, the peak in fuel demand will occur in 2027, four years earlier than expected. The fastest to abandon internal combustion engines will be the USA and Europe, and countries like China and...