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Trump Reverses Course on Tariffs to Curb Grocery Inflation and Appease Consumer Pressure 11/15/2025

Nissan Accelerates Global Revamp With Strategic Job Cuts at Its European Headquarters 11/14/2025

China’s Growth Engine Stalls as Weak Output and Soft Spending Expose Deep Structural Faultliness 11/14/2025

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Economics

EU To Invest In Space Technology Giving ‘Means To Speed Up’

With China and the U.S. moving ahead in their space technology, the EU feels the pressureto “keep up” and decides to for the first time to spend from its budget. The European Union decides to invest more on “rocket launches, satellite communication and space exploration”. This move is being made to...

Coffee prices show greates drop in 5 years

Since the end of March, the cost of Arabica coffee futures fell by 16% - this is the strongest quarterly drop in five years. Experts see the reason for this in investors' fears of a decline in coffee consumption amid the novel coronavirus pandemic and in a change in demand patterns. The current...

Retail Sale In Japan Continued Its Drop In May Because Of Covid-19 Restrictions

Retail sale, one of the important components of Japanese economy, dropped in the month of May in double digits, the second straight month of drop, even as consumer confidence and economic recovery prospects have been delivered a severe blow because of the novel coronavirus pandemic and related...

‘Coronavirus Recovery’ Fund Needed For Britain’s Climate Goal: CCC Advisers

The advisers of climate change committee’s report found Britain’s policies on climate change falling “well short”. The climate advisers of British government have come out with a report wherein they mentioned that the government needs to make use of the fund from “coronavirus recovery plan” for...

Reuters Poll Indicates Slow Recovery For Global Housing Market

A majority of analysts polled by the Reuters news agency have presented a subdued outlook for the significant global housing markets and identified the biggest hurdles to the recovery in the coming years to be the high unemployment because of the coronavirus pandemic and lockdowns and low...

Pandemic Induced Global Recession Worse Than Previously Thought, Says IMF

The novel coronavirus pandemic’s hit to the global economy is resulting a much steeper recession and a much slower recovery than was initially expected by the International Monetary Fund. This forced the IMF to slash its global economic forecasts for 2020 further on Wednesday. The IMF...

US oil production goes up for the first time in 11 weeks

US oil production for the week ending June 19 rose by 0.5 million to 11 million barrels per day, according to a weekly review of the energy information department of the country's energy department. The weekly production rate rose for the first time in 11 weeks. Until then, it has been continuously...

Indian Startups Look To Japan Inc For Funding To Compensate For Chinese Investments

The economic impact of the novel coronavirus pandemic and the current tensions between with China is forcing startups in India to try and woo Japan Inc. for investment. While a large part of India still under the pandemic related restrictions thereby suppressing economic activities, a...

ADB Cuts Down Growth Forecast For Developing Asia For 2020

An updated Asian Development Bank (ADB) report released recently showed that there will be almost no growth in the developing economies of Asia for 2020 because of hit to the economies because of the lockdowns and stay at home orders to prevent the spread of the novel coronavirus pandemic. The...

New Survey Shows Small And Medium Businesses Hardest Hit By Pandemic

A recent survey by the International Trade Centre (ITC) released this week has warned that the lockdowns and restrictions on businesses imposed by various governments all across the world in order to prevent the spread of the novel coronavirus pandemic has hit the small and mid-sized businesses all...