Global economic recovery form the pandemic hit is currently under threat due to an upsurge in new coronavirus variants and lack of access to vaccines in developing countries, warned the finance ministers of the 20 largest economies of the world - the G20.   This is the first time that the...

A sweeping executive order was issued by the United States President Joe Biden on Friday aimed at fostering more competition in the country’s economy and urging agencies to take action against anti-competitive practices in a variety of sectors ranging from agriculture to drugs and labour.  ...

Ten more Chinese companies and other entities are to be added to an economic blacklist of the United States by the Biden administration this week over allegations of these companies and entities being involved in human rights abuses and high-tech surveillance in Xinjiang, said reports quoting...

The speed at which hiring after the lifting of lockdown measures in the United Kingdom took place in June was the fastest since at least the late 1990s as employers signed most permanent staff while the shortage of appropriate candidates reached record levels. This trend has driven up starting pay,...

Live TikTok broadcasts by farmers in China's remote provinces have boosted the country's agricultural sales many times over. Bloomberg writes that consumer loyalty was won by the charisma of the sellers and the transparency of the production stages. According to a report by Douyin (the Chinese...

The coronavirus pandemic has destroyed 22 million jobs worldwide, according to a report from the Organisation for Economic Co-operation and Development (OECD) published on its website. The study focused on developed countries that belong to the OECD, so it is impossible to judge the number of jobs...

A shortage of microchips resulted in a sharp drop in car production in Japan and a significant drop in industrial production in the country as a whole. Japan's Ministry of Trade released data for May, showing that the country's industrial production fell by 5.9% compared to April. This is the first...

Higher costs of raw materials, a shortage of semiconductors and an outbreak of Covid-19 in the major export province of Guangdong – even while a wider supply chain disruption in Asia ensued, forced down growth of factory activity in China in June – reaching to a four month low.   Other...

Saudi Arabia's state-owned oil and gas company Saudi Aramco could raise August oil prices for Asian buyers, according to Bloomberg’s survey. Most analysts polled by the agency expect Saudi Arabia to raise the selling price of Arab Light, the basis for pricing other grades, by $0.65 a barrel for...