China and the United States have agreed to promote healthy trade and cooperate over differences as the top US and Chinese commerce officials discussed the issues over telephone, said China’s commerce ministry on Thursday.   This was the latest exchange between high level officials of the two...

Even with the Indian government reported to be mulling introduction of a law that could ban crypto currencies, some of the global digital currency exchanges are also mulling ways for setting up store in India following the entry in the market of the market leader Binance, said reports quoting...

The World Bank (WB) expects the global economy to grow by 5.6% in 2021. This will be the highest rate in 80 years since the recession. According to the forecast, the US and China will account for more than a quarter of global growth in 2021, with the US contribution almost tripling from the...

With the Biden administration roiling out a set of findings of a review of the access of the United States to critical products – ranging from semiconductors to batteries for electric vehicles, plans of targeting China with a new "strike force" to address unfair trade practices were also announced...

The expected agreement of the Group of Seven, or G7, countries to a proposal by the United States for a global minimum corporate tax accord was the big news over the weekend.   The aim of such a proposal is to prevent large multinational companies from shifting to low tax countries to save...

In order to get women back to work and to chug along the path for achievement of gender equality, it is critically important for governments to take critical measures as part of the Covid-19 pandemic recovery, the World Bank has warned.   According to Caren Grown, global director of the...

The Treasury Department of the United States expects the G7 wealthy democracies to agree to the proposal of Washington to accept and adopt an ambitious global corporate minimum tax when the leaders of those countries get together other later in the week in the United Kingdom, said a US Treasury...

Revenues for the world's top 10 chipmakers rose at a record high in the first quarter of 2021 amid a global shortage of such products, according to a study by analyst firm TrendForce, cited by CNBC. Chips are used in everything from toothbrushes to automobiles and many of the world's most important...

The oil market is in the final phase of its growth cycle and prices could soon peak, said Norbert Rücker, head of Next Generation futures research at Swiss bank Julius Baer. "We expect oil prices to move well above the $70/bbl mark by mid-year. That said, we still believe that the oil market is in...