China and the United States – the two largest economies of the world, could find a middle path to reduce trade tensions by increasing the number of goods being tariffed by each other so that tensions can be reduced, said a Chinese think-tank, even though it added it would not likely be possible for...

The money generated by countries all around the world from charging companies for emitting carbon dioxide (CO2) last year was almost 18 per cent year on year more – at about $53 billion, with some countries imposing new levies and prices on firms in some existing schemes rose, showed a report from...

An increase in chip supply disruptions and higher prices for electronics and cars around the world could come from climate problems in Taiwan. The largest semiconductor chip-exporting country has warned of increased manufacturing problems due to global water and electricity shortages, Bloomberg...

The proposal of the United States to impose a 15 per cent or higher global minimum corporate tax will be strongly supported by other members of the G7, said the US Treasury Deputy Secretary Wally Adeyemo.   Such a measure would also help top get solid support for domestic corporate tax...

With respect to the economic recovery from the Covid-19 pandemic hit, the emerging markets could fall further behind developed markets because of increasing levels of dents in the emerging economies, said an economist.   “With the pandemic, debt rose across all types ... the big increase of...

Following a warning by Chinese authorities to commodity companies in the country about pushing up prices, there was a fall in the prices of industrial metals globally. The companies dealing in commodity was urged to maintain "normal market orders" by China's National Development and Reform...

Goldman Sachs expects oil prices to rise to $80 per barrel as early as the fourth quarter of 2021. According to analysts, even the easing of sanctions against Iran will not prevent prices from recovering on the back of growing demand. Goldman Sach predicted an increase in oil prices to $80 a barrel...

The speed of business growth in the euro zone in May was the fastest in more than three years, according to a survey published on Friday. However there was still need for the ECB to give emergency support to an uncertain economic recovery of the region, said European Central Bank President...

Business activity in China slumped to pre-pandemic levels, according to industrial output and retail sales figures. According to the country's National Bureau of Statistics, industrial output growth slowed to 9.8% year-on-year in April (14.1% month earlier, month-on-month growth also declined from...