A resurgence of Covid-19 infections resulted in a slowdown in new jobs created in the United States in August, primarily driven by lower recruitment in the leisure and hospitality sector which in turn also affected hiring in the restaurants and hotel industry.   However there was strength in...

Major U.S. stock exchanges rose Thursday after the release of statistics on the country and the NASDAQ and S&P 500 indices again reached their all-time highs, according to trading data. Investors paid attention to the fact that the number of initial jobless claims in the U.S. during the week ended...

A set of initiatives and programs focused on promotion of green technology and digitalisation was announced recently by Japan. These measures are a part of the government’s efforts for giving a boot to the economy for long term growth.   The outline of the project was a result of discussions...

A trial for the feasibility of the use of a cross border payments system using different central bank digital currencies (CBDC) will be conducted by central banks in Australia, Singapore, Malaysia and South Africa.   The central banks said that the aim of this trial is to assess whether this...

The ride hailing company Uber proposed a flexible benefits fund for drivers and delivery people for its food delivery subsidiary in Canada was proposed by the firm on Monday according to which data on workers' hours and earnings would be shared by all gig industry players.   The company...

A proposal for an aggressing increase in government spending was unveiled by South Korea's government on Tuesday for the last year of the presidency of Moon Jae-in's five-year term. This eliminated any chance of the government achieving a balanced budget even as the fiscal deficit of the country...

New gaming rules imposed by China for online gamers below 18 years, putting a cap of a maximum of three hours that they can be allowed to play online video games a week, hit share price of Tencent Holdings Ltd and other gaming companies, while young gamers vented out their protest against the...

Restrictions imposed because of a surge in Covid-19 cases and rising costs of raw materials continued to put pressure on manufacturers possibly caused a continued slowdown in growth in China's factory activity in August, even as the economic recovery in the country lost momentum, estimated a...

A set of new laws is being prepared by the Australian government aimed at further tightening regulation of digital payment services offered by tech companies such as Apple and Alphabet's Google.   According to the Australian Treasurer Josh Frydenberg, he would "carefully consider" the latest...