Saudi Arabia’s sovereign wealth fund tapped $40 billion from foreign reserves to fund overseas investments. In a statement Saudi Arabia’s finance minister stated, during the March to April period the Kingdom   transferred a total of $40 billion (150 billion riyals) from central bank...

There was a deeper than expected fall in the factory output in Japan in the month of April which was coupled with a plunge in retail sales which was deepest in more than 20 years. This was because of the impact of the novel coronavirus pandemic on the country’s economy as both foreign and domestic...

According to news reports published in the United States, updated economic projections this summer will not be released by the White House officials this year which denotes a break from precedent.   Critics have been estimating that the US economy is set to be pushed into a deep recession...

While there is evidence that the worst outcome for the United States labor market could have passed, the tremendous amount of ground the labour market of the country has to cover in order reach pre-crisis levels is also becoming evident with every new bit of data and with each new batch of jobless...

United States President Donald Trump has often been criticised on social media platforms including Twitter and Facebook, and now Trump is set to introduce new legislation that could result in a law that has protected internet companies, getting scrapped or made weaker. Critics see this as an...

Exports of the G20 countries in January – March 2020, when quarantine restrictions were just beginning to apply in most countries, has already decreased by 4.3% compared to the previous quarter, OECD data show. World trade in general, according to Euler Hermes estimates, dipped 2.5% in the first...

A huge stimulus package plan worth 750 billion euro was announced by the European Union’s executive arm to support economies that have been battered by the novel coronavirus pandemic. EU executives hope that this package will also bring to an end all squabbling over how to fund a recovery that was...

A strategic alliance can be described as asymmetrical when it involves cooperation between two companies with marked differences in terms of size, portfolio of resources and market position. Although such asymmetric relationships are becoming more frequent, they have not been widely studied and...

Venezuela has entered into an agreement with the United Nations Development Program (UNDP) to channel some of the republic’s gold reserves held by the Bank of England to supply food and medicine necessary to fight the coronavirus pandemic, Reuters reported with reference to Head of the Central Bank...