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...

With announcing a ban on sales of new fossil fuel-powered cars starting 2030m Britain has set its set its program of vehicle electrification on the fast lane. And to meet the anticipated demand of car batteries, the government has offered 1 billion pounds ($1.4 billion) to kick start its domestic...

A report from the Global Sustainable Investment Alliance revealed that the total volume of investments towards sustainable projects was at $35.3 trillion which was more than one third of all assets in five of the biggest markets of the world.   Environmental, social and governance-related...

Agreements on global corporate tax reform will not prevent the world's largest companies from seeking opportunities to take profits abroad, CNBC writes, citing expert estimates. The Organisation for Economic Co-operation and Development (OECD) has drafted the tax reform, and the changes would...

While most of the things have got costlier during and with the reduction in Covid-19 cases throughout the world, there are certain items that actually are still cheaper than when the pandemic started last year in February 2020.   The start of the pandemic resulted in enhancement of the trend...

While holding to its view of the Japanese economy settled to register a moderate recovery from the Covid-19 pandemic hit, the Bank of Japan cut its growth forecast for the current fiscal year which signalled that it will hold on to the current trend of its monetary policy at least for the time...

Supply side constraints and a continued revival in the costs of travel-related services after the depressed costs during the pandemic pushed June inflation levels in the United States to a 13 year record high even as the country’s economy continues to strongly rebound from the pandemic. ...

After facing pressure from the United States administration, a corporate tax plan for the bloc was delayed by the European Union. This decision was also influenced by its intention to facilitate a broader global tax deal.   However its criticisms of the wider tax reform were reiterated by EU...