Economics

The US Federal Reserve (Fed) left its key rate at 0-0.25% p.a. at the end of the June meeting. The regulator also refrained from any changes to asset purchases, but…

Initial public offerings (IPOs) show no signs of going down. In over than 6 months to the end of 2021, US IPOs have already reached $171bn, up $3bn from last…

Disruptions caused by the Covid-19 pandemic outbreaks in China’s southern export powerhouse of Guangdong likely weighed down on the growth in factory output of the country in May as it

Norway, which positions itself as a progressive and environmentally friendly country, is Western Europe's largest producer of oil and gas. The electric car capital of the world (per capita) produces…

According to a Reuters poll, the exports of Japan in May likely increased at the largest monthly pace in four decades. However the increased numbers are largely reflective of the

GDP of the G20 region returned to its pre-pandemic level in the first quarter of 2021, according to the Organisation for Economic Co-operation and Development (OECD).

China and the United States have agreed to promote healthy trade and cooperate over differences as the top US and Chinese commerce officials discussed the issues over telephone, said China’s

Wholesale prices in Japan surged at their fastest annual pace in 13 years which underlined the rising commodity costs, showed data released on Thursday. This also reflected how global inflationary

Even with the Indian government reported to be mulling introduction of a law that could ban crypto currencies, some of the global digital currency exchanges are also mulling ways for

The World Bank (WB) expects the global economy to grow by 5.6% in 2021. This will be the highest rate in 80 years since the recession.

With the Biden administration roiling out a set of findings of a review of the access of the United States to critical products – ranging from semiconductors to batteries for

In order to get women back to work and to chug along the path for achievement of gender equality, it is critically important for governments to take critical measures as

The expected agreement of the Group of Seven, or G7, countries to a proposal by the United States for a global minimum corporate tax accord was the big news over

The Treasury Department of the United States expects the G7 wealthy democracies to agree to the proposal of Washington to accept and adopt an ambitious global corporate minimum tax when

Revenues for the world's top 10 chipmakers rose at a record high in the first quarter of 2021 amid a global shortage of such products, according to a study by…

The oil market is in the final phase of its growth cycle and prices could soon peak, said Norbert Rücker, head of Next Generation futures research at Swiss bank Julius…

Tourism and related businesses have been hit hardest by the pandemic.

According to the Oslo-based consultancy Rystad Energy, even if global demand for oil drops sharply towards the middle of the century, companies will need to dig up thousands of new

According to the Organisation for Economic Cooperation and Development (OECD), the United States putting in trillions of dollars into the largest economy of the world and the Covid-19 vaccines rollouts

The underlying inflation in the month of April in the United States surged past the Federal Reserve’s 2 per cent target with surge in consumer prices in the country. That

China and the United States – the two largest economies of the world, could find a middle path to reduce trade tensions by increasing the number of goods being tariffed

The money generated by countries all around the world from charging companies for emitting carbon dioxide (CO2) last year was almost 18 per cent year on year more – at

An increase in chip supply disruptions and higher prices for electronics and cars around the world could come from climate problems in Taiwan.

The proposal of the United States to impose a 15 per cent or higher global minimum corporate tax will be strongly supported by other members of the G7, said the

Following a warning by Chinese authorities to commodity companies in the country about pushing up prices, there was a fall in the prices of industrial metals globally. The companies dealing

With respect to the economic recovery from the Covid-19 pandemic hit, the emerging markets could fall further behind developed markets because of increasing levels of dents in the emerging economies,

Goldman Sachs expects oil prices to rise to $80 per barrel as early as the fourth quarter of 2021. According to analysts, even the easing of sanctions against Iran will…

The speed of business growth in the euro zone in May was the fastest in more than three years, according to a survey published on Friday. However there was still

Business activity in China slumped to pre-pandemic levels, according to industrial output and retail sales figures. According to the country's National Bureau of Statistics, industrial output growth slowed to 9.8%…

International rating agency Fitch Ratings recognises the obvious benefits of digital currencies, but warns that there are risks that could harm financial systems, the agency said in a statement.

US consumer goods prices rose by 4.2% in April compared to the same period in 2020. Such data was published by the US Department of Labour. It is the most…

The green economy set a new record in 2020, the International Energy Agency (IEA) has calculated. Electricity production from renewable sources has grown at the fastest rate in the past…

The cost of petrol in the US after a hack attack on the Colonial Pipeline, which supplies fuel to the East Coast, has approached the highs of November 2014. According…

Analysts at Moody's have concluded that an ageing world population will be reducing global economic growth by 0.9 percentage points a year over five years, from 2020 to 2025.

The International Energy Agency is of the opinion that of the world has to meet the climate targets, there has to be a boost up over the next decades in

Restrictions due to the third wave of the coronavirus in Germany have dragged other eurozone countries into the crisis, Deutsche Welle wrote, citing a report from the Federal Statistical Office.

Replacing liquid fuel used for domestic consumption with gas and renewable energy sources could help Saudi Arabia to save more than $200 billion over the next decade, said the kingdom’s

Economic growth in the Eurozone has surpassed experts' expectations as the region has shown a high rate of recovery from the effects of the COVID-19 pandemic, CNBC reports.

Top executives of global airlines are now focused on the assessment of the long term impact of Covid-19 pandemic on the premium travel segment, technology and other critical aspect of

With the American economy reopening and a surge in domestic demand, manufacturers in the United States are increasingly finding it difficult to source raw materials and other inputs even though

A poll of more than 500 economists conducted by the news agency Reuters revealed that the recovery of the global economy this year form the lows that it hit because

Lockdowns and other restrictive measures during the pandemic cost the largest economies an average of 7.1 percentage points of GDP, according to a joint review by ACRA and Chinese rating…

The shortage of semiconductors has also affected auto production in in China after there were hopes that the largest car market of the world would lead a global recovery of

Carbon (CO2) emissions will increase by almost five per cent this year (1.5 billion tonnes more than in 2020). This would be the second biggest increase in history, the International…

Mobile phone shipments in China rose 65.9 per cent year-on-year to 36.09 million units last month, the Chinese Academy of Information and Communication Technology (CAICT) said, quoted by Xinhua news…

China's GDP showed a record 18.3% year-on-year growth in the first quarter, but the quarterly trend was worse than expected - the indicator improved by only 0.6%.

The aluminum price jumped to the highest level in almost three years amid Chinese trade data, which eased concerns about demand prospects, trade data shows.

The US Federal Reserve (Fed) will reduce asset purchases in the market as macro indicators improve, which is likely to happen well in advance of a decision to raise interest…

US President Joe Biden's administration has become more active in exploring the creation of a digital dollar amid China's plans for a digital yuan, sources familiar with the situation told…

There has been a rise in the cost of domestic and alternative foreign supplies of coal for both thermal and coking grades of the fuel in China since the country