Economics

Alibaba’s fintech division files IPO application on Hong Kong and Shanghai exchanges

Fintech company Ant Group, a division of Chinese internet company Alibaba, has applied for a simultaneous initial public offering (IPO) on the Hong Kong and Shanghai exchanges, according to documents…
Published on August 26, 2020
By Iris Barker

Buyers From Hong Kong Significantly Increase Purchase Of UK Properties After Security Law

A significant number of residents of Hong Kong are preparing to move to Britain. But many have been stalled their plans because of rising home prices there. According to latest
Published on August 24, 2020
By Debdutta Ghosh

Iraq sets to produce 7 million barrels of oil per day by 2025

Iraq will be able to increase oil production to 7 million barrels a day by 2025, the country's oil minister Ihsan Abdul Jabbar said on Sunday.
Published on August 24, 2020
By Iris Barker

United States And European Union Strike Mini Trade Deal

A so called mini trade deal worth a total of $200 million between the United States and the European Union was announced on Friday. According to the deal, there will
Published on August 22, 2020
By Debdutta Ghosh

Temporary UK Economy Rebound Amid Record Govt. Debt

According to data published on Friday, the recovery of the economy of the United Kingdom, battered by the novel coronavirus pandemic, is gathering pace even as borrowings by the government
Published on August 22, 2020
By Debdutta Ghosh

UK’s Government Debt, At £2 Trillion, Is Higher Than Its GDP

Heavy speeding by the United Kingdom government to support the economy hit the by the novel coronavirus pandemic has resulted in its government debt to touch more than £2 trillion
Published on August 21, 2020
By Debdutta Ghosh

Taiwan Aims To Become Asian Financial Hub, To Liberalize It Economy Further

Taiwanese president Tsai Ing-wen said on Wednesday that the country aims to become an Asian financial and asset management hub and would thus be opening up its economy more and
Published on August 19, 2020
By Debdutta Ghosh

Banks In Britain Include ‘Worst’ Scenario Into ‘Their Risk Models’

In a provisional “potential” loss in loans across these banks could go up to “$22 billion” whereby leaving the previous “analyst forecasts” behind and ramping up pressure on selling shares…
Published on August 18, 2020
By Debaleena Bhattacharjee

India to invest $ 1.46 trillion in economic recovery after pandemic

Indian Prime Minister Narendra Modi said the country has succeeded in containing the coronavirus pandemic and announced $ 1.46 trillion in infrastructure projects to support the economy, the Associated Press…
Published on August 17, 2020
By Iris Barker

Slow Down In China’s Post-Pandemic Economic Recovery In July

Expectations of a modest rise in retail sales in China as dashed in July with consumers deciding not to spend on retail potentially because of their continued worries of the
Published on August 14, 2020
By Debdutta Ghosh

China Urges US To Create Appropriate Conditions To Implement Phase 1 Trade Deal

The United States will put an end to its current policy of taking restrictive and discriminatory measures specifically targeted against Chinese companies in the US, hopes China. The country’s Assistant
Published on August 13, 2020
By Debdutta Ghosh

Plans Of Launching Low Carbon Aluminum Platform By London Metal Exchange

Plans of launching of a spot trading platform for low carbon aluminum as well as a register where producers can voluntarily log their metal’s carbon-related details with the aim to
Published on August 13, 2020
By Debdutta Ghosh

France Suspends Morgan Stanley From Bond Deals

For three months Morgan Stanley has been barred from participating in bond deals informed the AFT.
Published on August 12, 2020
By Debaleena Bhattacharjee

Few American Firms View US-China Limited Trade Deal Worth The Hit Of Tariffs

Results of a new survey conducted by the United States- China Business Council show that there are only a handful of American companies that are doing business in China believe
Published on August 12, 2020
By Debdutta Ghosh

Record Quarterly Slump In UK Economy In Q2, Pushed Into A Deep Recession

The United Kingdom reported its worst ever quarterly drop for the second quarter with a 20.4 per cent slump in its Gross Domestic Product (GDP). This pushed the country into
Published on August 12, 2020
By Debdutta Ghosh

Pandemic Effect: Universities Across The World Flock To The Bond Market For Cheap Funds

Many of the renowned universities in the United States, United Kingdom and elsewhere are rushing to the bond markets this year to raise money at a pace that is faster
Published on August 11, 2020
By Debdutta Ghosh

National Security Law Reaction: US To Label Exports From Hong Kong As “

The United States government has issued a notice to put the label of “Made in China” for all good that are manufactured or produced in Hong Kong and exported to
Published on August 11, 2020
By Debdutta Ghosh

The First Ever Detailed ‘Net Zero Investment Framework’

IIGC’s framework is the first to present “practical guidance” for the investors in decarbonising portfolios and boosting investments to find solutions to climate change.
Published on August 5, 2020
By Debaleena Bhattacharjee

Chocolate May Not Be Cheaper For Fans Despite Predicted Drop In Cocoa Prices

Despite a predicted fall in the prices of coca this year, it will potentially not benefit the fans of chocolate. According to a pool of London cocoa futures conducted by
Published on August 3, 2020
By Debdutta Ghosh

A Possible Historic Contraction Happened In The US Economy In Second Quarter: Reports

More than five years of continuous growth was potentially wiped off the economy of the United States in the second quarter by the novel coronaviruss pandemic which hit consumer and
Published on July 30, 2020
By Debdutta Ghosh

Global Airlines Likely To Completely Recover To Pre-Covid-19 Levels Only In 2024

According to the International Air Transport Association (IATA), the apex industry body for global airlines has predicted that it would not be until 2024 that the industry would be able
Published on July 29, 2020
By Debdutta Ghosh

OPEC Considering For An Era Of Declining Global Oil Demand: Reports

Minds in Organization of the Petroleum Exporting Countries (OPEC) are focusing on a probably tipping point got global oil demand which may have been triggered by the novel coronavirus pandemic.
Published on July 28, 2020
By Debdutta Ghosh

Geopolitical Issues Cloud Global Ambitions Of Chinese Tech Companies

Some of the better known Chinese companies in the global technology arena, including names such as the drone-maker DJI, artificial intelligence companies Megvii, SenseTime and iFlytek, surveillance camera vendor Hikvision
Published on July 27, 2020
By Debdutta Ghosh

Response To Chinese Action: EU To Limit Export Of Tech To Hong Kong

Transfer or export of any technology to Hong Kong that could be used by Chinese authorities to for repression or surveillance in the city will be limited by the European
Published on July 25, 2020
By Debdutta Ghosh

Euro Zone’s July Businesses Activity Indicates A Rebound From Pandemic Induced Recession

There was a growth in business activity in the euro zone in July which marked the first such growth since the region was hit severely by the novel coronavirus pandemic.
Published on July 24, 2020
By Debdutta Ghosh

Retail Spending In The UK Bounces Back In June To Near Pre-Lockdown Levels

With non-essential stores in England following month of closure because of the novel coronavirus pandemic, retail sales in June in the United Kingdom jumped back and rebounded to almost pre-coronavirus
Published on July 24, 2020
By Debdutta Ghosh

Agreement On $858 Billion Pandemic Package Agreed By EU Leaders

After five days of intense talks, European Union leaders manage to agree on a record novel coronavirus economic package of 750 billion euro ($858 billion) to rescue and revive the
Published on July 23, 2020
By Debdutta Ghosh

Tesla ends 4th consecutive quarter with a profit

American manufacturer of electric vehicles and solar panels Tesla Inc. in April-June unexpectedly made a profit for the fourth quarter in a row, and its revenue exceeded experts' expectations.
Published on July 23, 2020
By Iris Barker

Pandemic Effect: Second Quarter Real Disposable Of Russians Dropped Most In 20 Years

The novel coronvirus pandemic is hitting the Russian economy quite significantly. According to reports, in the second quarter of the current year, the real disposable of Russians have dropped by
Published on July 19, 2020
By Debdutta Ghosh

UK Seeks Japan’s Help In Creating Alternatives For Huawei In 5G Network Construction

After announcing retraction of all equipment from 5G and other networks supplied by the Chinese telecom equipment making giant Huawei by 2027, the United Kingdom government has sought help from
Published on July 19, 2020
By Debdutta Ghosh

Agreement To Help Cocoa Farmers In Africa To Attain Living Wage Hit By Cvoid-19

A plan that had been drawn up by the top producers of cocoa in Ivory Coast and Ghana to guarantee a living wage to about 2 million farmers have been
Published on July 18, 2020
By Debdutta Ghosh

Global Fuel Demand Worries Rise Over Surge In Covid-19 And Fresh Lockdowns

A recovery in fuel demand globally from the lows hit during the height of the novel coronvirus pandemic is being slowed by the surges in coronavirus infections. Concerns are being
Published on July 17, 2020
By Debdutta Ghosh

Study Finds Americans Spent More Than While Working After Getting Covid-19 Jobless Benefits

According to a research conducted by the JPMorgan Chase Institute, those Americans who obtained increased unemployment benefits given in the wake of the novel coronavirus pandemic reportedly spent more money
Published on July 16, 2020
By Debdutta Ghosh

Unexpected Inflation In UK Due To Rise In Video Gaming Amid Lockdown

The increase in prices for in-demand video game consoles during the novel coronavirus pandemic induced lockdown propped up British inflation for the month of June in an unexpected manner, shows
Published on July 15, 2020
By Debdutta Ghosh

“Public And Painful” Pain For UK Over Huawei Ban Called For By Chinese State-Run Media

After the United Kingdom decided to put ban on the Chinese telecom equipment maker Huawei from participating in 5G roll out in the country, Chinese state media has forecast a
Published on July 15, 2020
By Debdutta Ghosh

EIA: US will reduce oil production in major oil and gas regions by 0.7% in August

Oil production in the largest oil and gas producing regions of the USA, a significant part of which is shale oil, will decrease by 56 thousand barrels per day, or…
Published on July 14, 2020
By Iris Barker

$1 trillion increase in debt forecasted for companies around the world in 2020

Companies around the world may increase corporate debt to $ 1 trillion in 2020, trying to strengthen their financial situation in the context of the coronavirus pandemic, according to an…
Published on July 14, 2020
By Iris Barker

App Annie: 200B hours spent in applications during COVID-19 confinement restrictions

Analysts at App Annie found that the time spent in mobile applications grew by 40% in the second quarter, which saw the peak of quarantine measures in many countries. In…
Published on July 13, 2020
By Iris Barker

Iran cuts oil production to 40 years low as storages are full

Iran has reduced oil production to a minimum over the past 40 years amid nearly full storage facilities due to consequences of the novel coronavirus pandemic and a drop in…
Published on July 7, 2020
By Iris Barker

New Offer To Creditors To Be Offered By Argentina, To Extend Negotiation Conclusion Deadline

An improved offer will be made by Argentina to its creditors while also urging them to extent the negotiations for restructuring of its debts worth about $66 billion through the
Published on July 6, 2020
By Debdutta Ghosh

A ‘Truly European’ Payments System To Rival Visa And Mastercard Being Developed By EU Banks

A “truly European” payments system is expected to be up and running in 2022, said about 16 banks from across the European Union. The aim is to forward the process
Published on July 3, 2020
By Debdutta Ghosh

German authorities prepare €42.5B tax exemptions until 2024

Ministry of Finance of the Federal Republic of Germany is developing a bill to reduce the tax burden for a total of €42.5 billion inclusive until 2024, the Handelsblatt publication…
Published on July 3, 2020
By Iris Barker

EU To Invest In Space Technology Giving ‘Means To Speed Up’

With China and the U.S. moving ahead in their space technology, the EU feels the pressureto “keep up” and decides to for the first time to spend from its budget.
Published on June 30, 2020
By Debaleena Bhattacharjee

Coffee prices show greates drop in 5 years

Since the end of March, the cost of Arabica coffee futures fell by 16% - this is the strongest quarterly drop in five years. Experts see the reason for this…
Published on June 30, 2020
By Iris Barker

Retail Sale In Japan Continued Its Drop In May Because Of Covid-19 Restrictions

Retail sale, one of the important components of Japanese economy, dropped in the month of May in double digits, the second straight month of drop, even as consumer confidence and
Published on June 29, 2020
By Debdutta Ghosh

‘Coronavirus Recovery’ Fund Needed For Britain’s Climate Goal: CCC Advisers

The advisers of climate change committee’s report found Britain’s policies on climate change falling “well short”.
Published on June 27, 2020
By Debaleena Bhattacharjee

Reuters Poll Indicates Slow Recovery For Global Housing Market

A majority of analysts polled by the Reuters news agency have presented a subdued outlook for the significant global housing markets and identified the biggest hurdles to the recovery in
Published on June 26, 2020
By Debdutta Ghosh

Pandemic Induced Global Recession Worse Than Previously Thought, Says IMF

The novel coronavirus pandemic’s hit to the global economy is resulting a much steeper recession and a much slower recovery than was initially expected by the International Monetary Fund. This
Published on June 25, 2020
By Debdutta Ghosh

US oil production goes up for the first time in 11 weeks

US oil production for the week ending June 19 rose by 0.5 million to 11 million barrels per day, according to a weekly review of the energy information department of…
Published on June 25, 2020
By Iris Barker

Indian Startups Look To Japan Inc For Funding To Compensate For Chinese Investments

The economic impact of the novel coronavirus pandemic and the current tensions between with China is forcing startups in India to try and woo Japan Inc. for investment. While a
Published on June 23, 2020
By Debdutta Ghosh