Any debate of austerity in Europe has been pushed to the sidelines because of the novel coronavirus pandemic and instead the region is seeing a race among economies to spend their way out of the pandemic induced recession and gain back some semblance of normality.   The trillions of dollars...

A summer period with few social restrictions in Europe helped the euro zone economy to bounce back in the third quarter.     But analysts are now eagerly waiting to see how the region performs in the fourth and final quarter of the year given that two of its largest economies – Germany...

The fund continues to be on the look out for suitable projects to carry on with its investment plans. The largest wealth fund in the world is of Norway’s “$1.1 trillion sovereign wealth fund” which is currently struggling to find “suitable unlisted renewable- energy projects” to direct its...

Despite the global recession inflicted by the Cvoid-19 pandemic, house prices in New Zealand have increased to touch record levels. This development has prompted economists and experts to warn that the surging property market will cause damage to the long-term economic wellbeing of the country as...

With consumer spending being fuelled by the more than $3 trillion in federal pandemic relief spending, the United States economy saw a record growth in the third quarter. However experts warned that it would take about a year for the deep scars created by the novel coronavirus pandemic on the...

Low volumes of wine production in South America and low output in the European Union after the coronavirus crisis sent sales sliding, have resulted in an international industry body making prediction of global wine production remaining below the five-year average fior the current year.  ...

With mounting concerns and fears about the American economy because of the pandemic,  a recent survey showed that three states in the United States, which are believed to be crucial for the re-election of Republican President Donald Trump noted a sharp drop in consumer confidence in October,...

Foreign pilots of Turkish Airlines will be sent on an unpaid leave, reports Bloomberg citing the company’s email to several its employees. The firm did not specify how many employees this step will affect, although it is now known that the leave will start on November 1 and will last no less than...

Failure to update international tax rules could incur a loss of “$100 billion”.The OECD expressed its concern on the issue of countries agreeing to continue negotiating till middle of 2021 regarding rewriting “rewrite cross-border tax rules”, whereby adding that in case the attempts “break down”...