Economics

The composite business activity index (PMI) for industry in the euro area fell slightly to 54.8 points in January from 55.2 points in December.

India plans to pass a law banning various cryptocurrencies, including Bitcoin, and set a legislative framework for an official digital currency to be issued by the country's central bank.

The United States based auto giant General Motors hopes to offer zero emission vehicles only by 2025 and has set a target of becoming carbon neutral by 2040 in its

At the end of last year 2020, financial support provided by governments to national economies because of the coronavirus pandemic reached a total of $14 trillion. This was revealed in…

There will potentially be a new cold war if the newly elected United States president Joe Biden continues with the protectionist policies for the country as implemented by the former

The U.S.-China trade deal, negotiated at length in January 2020, was only partially fulfilled by the PRC at 58% amid the pandemic, but China did increase its purchases of American…

While there was a 42 per cent drop in foreign direct investment (FDI) globally in 2020, China bucked the trend and was the top recipient of the foreign investment flows,

There are indications that inflation in the United States will rise in the months ahead because of increasing prices due to bottlenecks in the supply chain caused by the Covid-19

A very fast paced recovery from the Covid-19 pandemic induced economic slowdown and recession helped the Chinese economy to post its strongest growth in two years. The economy came to

A massive $1.9 trillion stimulus package proposal to counter the impact of the impact of the covid-19 pandemic in the United States was unveiled by US president-elect Joe Biden. The

According to a recent study commissioned by the US-China Business Council (USCBC), a peak loss of 245,000 jobs in the United States was the result of the trade war with

OPEC maintained its forecast for global oil demand in 2021, expects it to grow by 5.9 million barrels per day.

All imports that have any cotton or tomato products originating in China’s Xinjiang region will be banned in the United States, the government has said, over charges that the Chinese

The impact of Brexit is already being felt by Scottish seafood firms who claimed that delays and costs because of Brexit in exporting fresh seafood and salmon to Europe has

In the USA, new restrictions due to the pandemic led to the first drop in new jobs since April 2020: in December the figure fell by 140,000 (analysts had forecast…

The combined market cap of all cryptocurrencies has surpassed $1 trillion for the first time, CoinMarketCap reports.

An executive order that bans all transactions with eight Chinese software applications, including Ant Group’s Alipay, was signed by the United States President Donald Trump on Tuesday, the White House

The full economic brunt of the novel coronavirus pandemic and a related recession has been offset partially and at least temporarily by a flood of government support programs in the

After the New York Stock Exchange gas started taking action against Chinese companies by delisting them – three Chinese telecom companies have so far been delisted, Chinese authorities have said

A long awaited business investment deal will soon be reached between the European Union and China, claimed reports quoting sources with knowledge of the matter. The reports claimed that the

The Wall Street Journal reports that 2020 has been the worst year for oil companies in at least a decade. In the first nine months of this year alone, oil…

Just seven days before the exit of the United Kingdom from the European Union, a much awaited trade deal was achieved between the two trading partners, even though a narrow

It reports emerging out of London and Brussels are to be believed, the two parties are close to clinching a Brexit trade deal. On Thursday, the final details of a

Ole Hansen, Head of commodity strategy at Saxo Bank, believes that the emergence of a more contagious strain of coronavirus could result in a drop in oil prices due to…

Usual flow of trade has been upended by the growth in demand from people staying back at home during the novel coronavirus pandemic for furniture, exercise equipment and other goods.

Mass vaccination of the population will be the key to global economic recovery in 2021, according to analysts at the international insurance company Euler Hermes.

Japan’s Ministry of Finance announced the approval of a record $1.03 trillion budget draft for the next fiscal year starting in April 2021 by the country’s cabinet even as the

The International Energy Agency (IEA) forecast that the demand for coal globally will increase by about 2.6 per cent next year because of increase in use and demand electricity associated

An interim agreement on free trade between the United Kingdom and Canada are very close to be completed, said reports citing sources with knowledge of the matter. The interim trade

The latest stimulus by the Japanese government to combat the novel coronavirus pandemic’s impact on its economy and to hasten the speed of the recovery prompted Japan’s government to raise

While the European Union said on Friday that there were only hours left to arrive at a Brexit trade deal, the United Kingdom urged the EU to see sense. The

The cost of batteries for electric cars has plummeted 89 percent over the past decade, from $1110 to $137 per kilowatt-hour.

There needs to be agreement on cooperation between the United States and Europe for opposing any future “hurtful” subsidies used as a trade strategy by China for build up its

The US Federal Reserve expects solid GDP growth in the second half of 2021, US central bank governor Jerome Powell said.

The International Energy Agency (IEA) and OPEC have adjusted their oil demand forecasts. Most of the adjustments in expectations are for 2021, as it has become clear that demand for…

According to the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, he sixty-two per cent of total lending by the global lender that it has disbursed so far

Oil production in major oil and gas producing regions of the USA, much of the production of which is shale oil, will decrease by 137,000 barrels per day, or 1.8%,…

The Cuban authorities have announced the date of a long-awaited reform of the monetary system, which will see the country abandon the practice of using two exchange rates and actually…

An improvement in the Japanese business sentiment was recorded in the October-December quarter, marking the second straight quarter of such a development, according to an important central bank survey released

Even after once again agreeing to extend trade talks beyond a self-imposed Sunday deadline., both the United Kingdom and the European Union warned that it was now likely that there

The month of November extended the double digit decline in the domestic shipment of smartphones in China. There was 17 per cent year on year drop in domestic shipments in

Coronavirus vaccination will significantly improve the situation with the pandemic by mid-2021, after which economic recovery will be more confident and social distance standards are likely to be lifted in…

Just a day after agreeing to meet the head of the European Commission in what is being described to be a last minute effort to strike a Brexit trade deal