Economics

According to Australia’s Prime Minister Scott Morrison, the United States, Japan, India, and Australia would collaborate with each other as well as with other countries to strengthen the security of

The price of oil may exceed $80 per barrel this winter, says the head of Vitol, the largest independent oil trader. He also expects global oil demand to rise amid…

Global steel production totalled 1.322 billion tonnes in January-August 2021, up 10.6% year-on-year, according to the World Steel Association (WSA).

Many investors are still hesitant about purchasing stocks after the sharp August sell-off, as China’s slowing economic recovery and plans for redistribution of wealth threaten to disrupt Europe’s luxury sector.

According to the International Monetary Fund, its executive board got together on Tuesday to discuss and review a report that was prepared for the World Bank and one that has

China hopes to bring in a set of new robots – such as an automated vehicle that can move heavy items around industrial spaces, within their manufacturing system to enhance

A group of external advisers to the World Bank has suggested a complete reshaping of the flagship Doing Business rankings in order to curb the efforts of countries to “manipulate

According to the predictions of the Organisation for Economic Co-operation and Development (OECD), prices in most countries of the G20 group of major economies will continue to rise faster than

Monday was the worst day for the US market in almost a year. The sell-off was triggered by investor fears over the possible bankruptcy of Evergrande, China's biggest real estate…

Following a formal application by China, the second largest economy of the world, to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), its leading member Japan said that

Following revelations about World Bank leaders putting pressure on staff to enhance China’s score in one of its influential reports of the global body that ranks countries on the ease

An investigation at the World Bank has revealed that “undue pressure” on the organization’s staff was imposed by leaders at the bank, including the then-Chief Executive Kristalina Georgieva, to enhance

The European Central Bank (ECB) plans to reach its 2% inflation target by 2025, the Financial Times reported, citing internal documents from the regulator.

The world economy will pick up from the COVID-19 pandemic and will rise by 5.3 percent in this year, the highest rate in nearly 50 years, states a report from…

A shortage of supplies and higher prices are making it harder for do-it-yourselfers, consequently making it even more aggravating for the home improvement segment. One of the major ingredients of

An environmental, social and governance (ESG) performance standard has been introduced in the global hydro-electric industry by the Hydropower Sustainability Council (HSC) that aims to increase transparency and accountability in

World debt reaches an all-time high of $296 trillion in the second quarter of 2021, according to a report by the Institute of International Finance (IIF).

Natural gas inventories for the winter period in Europe and the United States are significantly below the average for the last five years. In the event of an early, cold…

The growth of consumption in China until 2030 will be by 80% due to the increase in income of women, said UBS analysts. They expect the social situation of Chinese…

The European Union’s finance ministers stated Friday that they are currently reviewing EU budget rules and suggested changes should be made to support post-pandemic investment. They also said that it

The White House stated that Joe Biden, the US President, spoke with Xi Jinping, his Chinese counterpart, for the first time in seven weeks. They urged them to ensure that

The State Food and Strategic Reserves Bureau of the People's Republic of China for the first time auctioned off oil from the national reserves in order to reduce the price…

The Ministry of Finance of Mexico has submitted to the parliament a draft budget for next year, which forecasts GDP growth of 4.1%, while previously the authorities estimated it at…

China's consumer price index (CPI) - a key indicator of inflation - rose by 0.8% year on year in August, which was slightly below expectations of analysts, according to data…

Investing in China's economy is a mistake that can lead to the loss of money and damage the interests of democracies, said American billionaire George Soros.

The price of aluminum rose to a 10-year high amid a coup in Guinea. The country is one of the world's largest suppliers of bauxite, a raw material for aluminum…

A resurgence of Covid-19 infections resulted in a slowdown in new jobs created in the United States in August, primarily driven by lower recruitment in the leisure and hospitality sector

Major U.S. stock exchanges rose Thursday after the release of statistics on the country and the NASDAQ and S&P 500 indices again reached their all-time highs, according to trading data.

A trial for the feasibility of the use of a cross border payments system using different central bank digital currencies (CBDC) will be conducted by central banks in Australia, Singapore,

A set of initiatives and programs focused on promotion of green technology and digitalisation was announced recently by Japan. These measures are a part of the government’s efforts for giving

The ride hailing company Uber proposed a flexible benefits fund for drivers and delivery people for its food delivery subsidiary in Canada was proposed by the firm on Monday according

A proposal for an aggressing increase in government spending was unveiled by South Korea’s government on Tuesday for the last year of the presidency of Moon Jae-in’s five-year term. This

New gaming rules imposed by China for online gamers below 18 years, putting a cap of a maximum of three hours that they can be allowed to play online video

Restrictions imposed because of a surge in Covid-19 cases and rising costs of raw materials continued to put pressure on manufacturers possibly caused a continued slowdown in growth in China’s

A set of new laws is being prepared by the Australian government aimed at further tightening regulation of digital payment services offered by tech companies such as Apple and Alphabet’s

Following the landmark change in the rules to private owning and running of business that govern the Communist-run economy, understanding the opportunities and challenges of the change is being sought

Canada has sought formal consultation with the United States, after Canada did so, for discussing the interpretation of content rules for automobiles as has been set out in the North

Over the last five years since the collapse of the BHS chain, about 83 per cent of the main department stores in e United Kingdom have been lost. The extent

Three U.S. Federal Reserve officials said in three separate TV interviews on Thursday that the moment to move to wind down the central bank's stimulus through bond purchases is approaching.

A new pitch to small companies by Silicon Valley to use robots more is to rent out one. There has been a surge in sales of robots to big companies

License applications that have sought permission to buy chips for the growing auto component business of China’s blacklisted telecom company Huawei, worth hundreds of millions of dollars were approved by

Following a ban on Chinese online tutoring companies by authorities in the country on teaching core subjects and on making profits thereby, on teaching core subjects are being found out

There would likely be a stronger recovery of the global economy than expected as a new report from British asset manager Janus Henderson suggested that the total dividends that are

The price of gold rose Friday morning amid continuing concerns about the impact of the coronavirus on the global economy, trading data showed.

Shortage of motor vehicles depressed sales in July in the United States, which along with the waning impact of a boost to consumers spending prompted by the reopening of the

A study by The Economist found that for the past 20 years, Germany, Europe's main economy, has been the "dirtiest". Germany has been actively phasing out nuclear energy production while…

Following a slump in Japan’s economy in the first three months of this year, there was an uptick in the second quarter at more than expected levels which provided economists

With new Covid-19 outbreaks and massive floods disrupting business operations, there was a sharp drop in factory output and retail sales growth in China for July – which also missed

Japan's GDP in the second quarter of 2021, according to a preliminary estimate, rose 1.3 percent on a year-over-year basis (if GDP had grown at the same rate for four…

Cubans will be allowed to incorporate small and medium-sized businesses in the country in their thousands in the coming months as the island’s Communist government undertook arguably its most popular