The financial leaders of the G20 countries should strive to reach an agreement by this year globally on the method of taxing the giant digital companies such as Google, Amazon and Facebook, Europe has demanded, claimed reports quoting information derived from a document.   The current...

The WWF Global Futures report presented results of a study assessing the impact of degradation of basic ecosystem services on the GDP of the world and 140 countries. For the first time, the evaluations used the most advanced economic and environmental integrated models, GTAP (Purdue University’s...

The new risks to the global economy that have cropped up because of the emergence of the novel coronavirus and its fast and severe outbreak in China has forced the global business intelligence firm the Economist Intelligence Unit to bring down its forecast for global growth for 2020 to 2.2 per cent...

Despite the deadly outbreak of the coronavirus, it would be possible for China to achieve its long-term goal of doubling gross domestic product and incomes this year, said an influential economist positioned at the top of a Chinese government think tank.   Cai Fang, the vice head of the...

Last year, the deficit of US foreign trade in goods and services decreased for the first time in the last six years. In 2019, it amounted to $ 616.8 billion, which is $ 10 billion lower than the previous year. Exports for the year decreased by 0.1%, while imports - by 0.4%. The difference between...

Start-ups that attract financing through ICOs have to have three-years long holidays from regulation. Regulators are supposed to use this term to decide whether certain tokens belong to the category of securities. The companies will need to demonstrate that they are really creating open source...

Amidst the coronavirus scare and the death toll because of the virus rising, the Chinese government has announced reducing import tariffs on 1,717 goods from the United States by 50 per cent. The tariffs were introduced last year during the trade war with the US and they were lifted after the...

Both the United Kingdom and the European Union have said that they are willing to walk away without making any deal than to compromise on issues crucial for them with respect to a post Brexit deal which reflected the stance taken by both the parties about negotiations that are set to be opened...

Inflation in Turkey accelerated in January for the third month in a row, exceeding analysts' expectations. Consumer prices in Turkey rose 12.15% in annual terms in January after rising 11.8% in December 2019, according to the Turkish Statistical Institute. Analysts surveyed by Bloomberg on...