Economics

Several reports related to different aspects of the US economy for September and October were published on Wednesday at once - they show some growth and recovery in the period.

The United States is not lifting all duties on imports of steel and aluminium products from the European Union, the head of the European Parliament's international trade committee, Bernd Lange,…

The leaders of the twenty largest economies of the world have agreed to a worldwide deal that would see huge corporations’ earnings being taxed at a rate of at least

Even though the United Kingdom economy was hit by wide-ranging disruption to supply chains, the economy managed to clock a small degree of momentum, growing at more than average speed

According to Chevron’s chief financial officer, high oil prices are unlikely to last for long. “This feels more cyclical than structural,” Pierre Breber, the CFO of Chevron, the No. 2

Oil-consuming countries have grown more concerned by crude oil’s rebound in the last year with its prices rising to $50 a barrel, then to $75, and currently at more than

Following the announcement of the social media giant Facebook on Thursday of rebranding itself and changing its corporate name to develop the “metaverse”, a shared virtual environment, the stock price

The European Central Bank now had a tough decision to take a policy call because the growth of the euro zone economy throughout the summer was quite robust as economic

The slump in the performance and production of the auto sector of the United States so far this year is more than a big issue for Detroit because it has

The US economy slowed down sharply in the third quarter. Had the economy grown at the same rate all year round, the figure would have been just 2% - down…

The recovery of the global economy will be significantly slower than expected unless the leaders of the world follow the universal availability of Covid-19 vaccines and end the so-called ‘vaccine

With Covid-19 infections spreading throughout the globe as well as in the United States, there was straining in the global supply chains and resulting in shortages of items like vehicles.

Despite rising prices and supply chain constraints, profits at industrial firms in China increased at a quicker rate in September, owing primarily to spectacular growth in the mining and raw

The September quarter saw Australian core inflation accelerated to its quickest annual rate since 2015, as rise in prices became more widespread, a huge surprise that prompted markets to bet

Cloud computing service providers should also be able to target by the draft EU laws aimed at limiting the power of Amazon, Apple, Alphabet’s Google, and Facebook aimed at reducing

The Asian Securities Industry and Financial Markets Association (ASIFMA, an association of 150 banks and management companies) has asked Hong Kong Finance Minister Paul Chan for a clear plan to…

There have been positive signals of a rebound in business and international travel, claimed the hotel owner IHG and added that this has been driven by strong corporate bookings in

East Timor is trying to cover a multibillion-dollar income hole that will become apparent in 2023 when a depleted oil and gas field off its coast will become defunct and

The current spate of inflation would pick up next year and would put increasing pressure on consumer goods companies for increasing prices of products to try and account for the

The International Monetary Fund said on Thursday that a shortage of access to Covid-19 vaccines is stifling economic recovery in Sub-Saharan Africa and that the region will fall behind by

Cuba has signed an agreement on energy cooperation with China as part of the One Belt, One Road programme, the Cuban embassy in China said.

The Chinese economy, the second-largest in the world has already been hit by power shortages which have, in turn, threatened to upend the global supply chains, while it is becoming

People’s Bank of China Governor Yi Gang believes that the Chinese economy is “doing well,” even though there are headwinds challenging it, including default risks for some firms due to

Power shortages, issues with supply chains, and major issues in the property market of the country resulted in China’s economic growth happening at its slowest pace in a year during

China, amid an energy crisis in some parts of the country, increased coal imports in September by 76% year-on-year, while coal production fell by 0.9%, data from China's State Bureau…

The minutes of the September meeting of the US Federal Open Market Committee were published at the end of last week. As expected, committee members agreed on the parameters for…

With growing speculation among bitcoin investors that the United States regulators would approve a futures-based exchange-traded fund (ETF) which would, in turn, clear the path for more widespread investment in

Global policymakers were urged by the steering committee of the International Monetary Fund to keep a close eye on pricing dynamics, but also to “look through” inflationary pressures that the

OPEC oil production rose by 486,000 bpd to 27.33 million bpd in September, according to OPEC's monthly report.

Central banks must be prepared to act quickly in the event of rising inflation, said Gita Gopinath, chief economist at the International Monetary Fund (IMF).

Demand for oil fuel is rising in some parts of Asia amid growing gas prices, Patrick Pouyanne, head of TotalEnergies, told the Evolen conference in Paris.

Head of Kraft Heinz said that consumers should get used to high food prices. The cost of food, according to him, will continue to rise due to the lack of…

The rapid growth of debt in most economies in 2020-2021 is not so much a separate event but an unexpected continuation of the debt booms triggered by the global crisis…

Worries about the economic outlook of the United Kingdom and concerns about the continued rise in prices have pushed down British consumer morale to the lowest point since February this

The draft of a report commissioned by a global anti-corruption body of governments, companies, and activists has warned that an infrastructure-for-minerals deal with Chinese investors worth $6 billion should be

After governments all around the world allotting unprecedented fiscal stimulus for warding off the economic impact of the Covid-19 pandemic, policymakers now should focus on creating plans for returning back

Constraints in the supply chain disrupting the production of cars and other products forced its gloomiest forecast for the economics of the region in over a year to be announced

According to a world bank report released Wednesday, economic growth of 3.3 per cent for 2021 and 3.5 per cent for 2022 has been predicted for Sub-Saharan Africa which would

If the United States does not invest massively in itself, it risks losing its economic advantage in the world. US President Joe Biden said on Tuesday when he spoke in…

The World Trade Organisation (WTO) expects global trade growth of 10.8% this year and 4.7% in 2022, the organisation said in its forecast. At that, in March, the WTO predicted…

Central banks in major emerging economies continue to tighten their own policies, fearing not only a temporary rise in inflation but also a shift in inflation expectations away from established…

European stock indexes declined in September, showing the worst monthly dynamics since the beginning of this year, trading data showed.

According to Refinitiv statistics, the amount of initial public offerings (IPOs) worldwide dropped in the third quarter of 2021 from their earlier frantic pace, but the number of public listings

Electric car makers from China are swooping into Europe, seeking to catch conventional automakers off guard and capture a piece of a market fueled by the continent’s push toward zero

Global oil demand will start to decline after 2035, OPEC expects. Long-term oil demand growth will be limited by the growing number of electric vehicles.

Countries of the European Union committed to a joint EU-US agreement on technological collaboration on Wednesday, just in time for a critical transatlantic summit. This move came after France threatened

China has been approached by the United States about decreasing its imports of crude oil from Iran, reported news agency Reuters quoting information from sources in the US and Europe.

A paper shortage has occurred in the US due to a decline in paper production in North America during the coronavirus pandemic. A paper production crisis has hit US retailers,…

The increasing prices of gas even as the winter is fast approaching in Europe is evidence that it is important for the European Union to develop a strategy for energy