A fresh threat of imposing new taxes on American companies that manufacture goods outside of the United States was issued by the US president Donald Trump on Thursday which, according to analysts, was another possible move by the US administration to woo away supply chains that are based in China...

American FedEx Corp, one of the world's largest transport and logistics companies, has limited the number of packages that Kohl's Corp and about twenty other retailers can send from stores, in an attempt to reduce the load on its network during the coronavirus pandemic, reports The Wall Street...

The Board of Governors of the Bank of Mexico announced the next market-expected decrease in the interbank interest rate to 5.5% amid the unfolding crisis caused by the COVID-19 pandemic. “Monetary policy and the economy as a whole are facing serious challenges. Given the expected negative effects...

Despite the uncertainty, the small and medium sized U.S. corporate sector seem to show “surprising resiliency”. Veem is a “global payments network” based out of San Francisco. It has conducted a survey wherein 81% of the small companies in the U.S. are expecting their business to face the effects...

The International Monetary Fund and World Bank were urged by more than 300 lawmakers from various parts of the world on Wednesday to forgo the debt of the poorest countries as a measure to help out such countries because of the novel coronavirus pandemic.  The global financial institutions...

The US Department of Energy expects accelerated growth in world oil reserves in the second quarter to 11.5 million barrels per day from 6.6 million barrels per day in the first quarter, further reducing them, according to a monthly short-term forecast by the US Energy Information Administration...

A report published in a state-controlled tabloid citing sources close to the Chinese government have claimed that there is a rising chorus of hawkish voices in the country that are demanding the Beijing make a review of its so called phase 1 trade deal with the United States and some of those...

The oil dependent Saudi Arabian economy has been hit hard by the novel coronavirus pandemic as well as a very sharp drop in the global oil prices. As a consequence of the hit, the country has decided to increase value added tax (VAT) by three folds as a part of its austerity measures to support the...

According to officials of the United States Federal Reserve, a quick return to growth should not be expected by Americans even as many parts of the largest economy of the world start to reopen after weeks of lockdowns which has managed to slow down the spread of the coronavirus pandemic in the...