Economics

The number of jobs fell by 392,000 in South Korea in September compared to the same period in 2019. The number of citizens who are working amounted to 27.1 mln.

Private creditors and China should fully participate in the program to ease the burden on poor countries.

The British government needs to raise taxes by more than 40 billion pounds ($ 52 billion) annually until 2025 to stem the rise in public debt due to the pandemic…

Central banks of the world have agreed to set out rules and regulations for monitoring and regulating cross-border stablecoins such as the one planned by the social media company Facebook

The finance ministers of the G7 countries (UK, Germany, Italy, Canada, USA, France and Japan) are likely to oppose the launch of Facebook's Libra cryptocurrency.

Oil prices may come under pressure in the coming weeks, as several factors supporting the quotes are not in force anymore.

The prospect of issuing digital currencies of their own is being considered for some time now by some of the largest central banks of the world – as well as

The economy of the United Kingdom continued to recover from the novel coronavirus pandemic crisis, albeit at a slightly slower pace with the economy growing at 2.1% in August on

The Boston Consulting Group (BCG) and HSBC Bank have released a joint report titled “The $ 10 Trillion Case for Open Trade”, aimed at G20 leaders.

Head of the Federal Reserve System (Fed) Jerome Powell called on the US Congress and the White House to agree on the parameters of a new package of fiscal measures…

The WTO improved expectations of a decline in global trade due to the COVID-19 pandemic this year to 9.2%, but now only 7.2% growth is expected in 2021, according to…

Governments of member states of the International Monetary Fund (IMF) should note the low interest rate and take advantage of it to invest in infrastructure which will help in staging

The novel coronavirus pandemic which has battered the global economy has largely not been able to affect the plans of new aircraft purchases by business jet operators even though the

The Hong Kong authorities will issue special iBond bonds for retail investors in November this year to protect the population from inflation.

Financial services companies operating in the UK have relocated about 7.5 thousand employees to offices in the European Union and removed more than £ 1.2 trillion ($ 1.6 trillion) of…

Those deals that were put on hold at the height of the novel coronavirus pandemic were revisited by companies and with boardroom regained confidence after a roller-coaster year, the third

The World Bank is seeking a fund of $12 billion to enable it to provide aid to the poorer countries to purchase and distribute vaccines for the novel coronavirus once

France will cut taxes for households and companies for €45 billion by the end of 2021, said Minister of Economy and Finance Bruno Le Maire.

The coronavirus pandemic will nullify three years of economic progress for a number of European countries, IMF chief Kristalina Georgieva said on Monday.

Peruvian President Martin Vizcarra said that in October, the country is partially entering the fourth phase of economic reactivation, which includes a permit for rail and air travel.

Consequences of the coronavirus pandemic may be less severe than was estimated in June, the fund’s spokesman Gerry Rice said on Thursday.

In the first three quarters, income from employment worldwide decreased by 10.7% compared to 2019, which corresponds to $ 3.5 trillion, or 5.5% of global GDP.

In the second quarter of 2020, the net worth of US households and nonprofit groups reached a record high on the back of renewed stock market growth and measures to…

The resurgence in stocks in the United States this year has been driven by the optimism that vaccines against Covid-19 are on the way which will bring an end to

Taxi service Uber Technologies Inc. wants to sell part of its stake in Chinese taxi service Didi Chuxing worth $ 6.3 billion, Bloomberg reported, citing sources familiar with the situation.

The US Federal Reserve System (Fed), following the September meeting, left its key rate at 0–0.25% per annum. Judging by the dotted graph, the open market committee members are not…

The efforts of various countries to counter the economic impact of the novel coronavirus pandemic will potentially result in the global recession that the global economy is currently undergoing will

A free trade agreement with Japan was struck by the United Kingdom on Friday in what is the first big post-Brexit trade deal for Britain. Both the countries hailed the

The updated global macro forecast of the Fitch rating agency suggests that already in 2021, global growth will generally compensate for the current decline due to the COVID-19 epidemic. However,…

Britain could walk away from the Brexit talks within weeks, warned British Prime Minister Boris Johnson on Sunday and insisted that a no-deal Brexit would be a “good outcome for

Exports from China to other countries in August rose 9.5% on an annualized basis after growing by 7.2% in July, according to data from Chinese customs. China's imports in August…

There is likely not going to be any major slowdown in the global economy because of the novel coronavirus pandemic but the chance of oil market’s recovery is clouded by

With the United States looking to reduce its economic reliance on China and to shift away global supply chains from China, the US along with Taiwan are looking out for

China is preparing to purchase a record-breaking batch of American oil.

An increase in bad debt and higher loan-loss provisions because of the novel coronavirus pandemic will potentially result in some of China’s largest banks to post their first decline in

Expectations of a sharp revival of the economy were boosted in the United States with a more than expected consumer spending in the country in July. Analysts however say that

With slow improvement of demand around the globe, the Japanese government upgraded its view on exports and output for the month of August which is a second straight month of

Profits for large industrial enterprises in China for the first seven months of 2020 were 3.1 trillion yuan (about $ 450.26 billion), down 8.1% from the same period in 2019,…

According to Eswar Prasad, previously head of the International Monetary Fund’s China division, while achieving an economic decoupling of the United States and China is “a long way away”, it

Global financial markets were boosted with good news emerging from a trade deal meeting between the United States and China as top officials of both the countries reaffirmed their commitment