Economics

A fresh threat of imposing new taxes on American companies that manufacture goods outside of the United States was issued by the US president Donald Trump on Thursday which, according

American FedEx Corp, one of the world's largest transport and logistics companies, has limited the number of packages that Kohl's Corp and about twenty other retailers can send from stores,…

The Board of Governors of the Bank of Mexico announced the next market-expected decrease in the interbank interest rate to 5.5% amid the unfolding crisis caused by the COVID-19 pandemic.

The International Monetary Fund and World Bank were urged by more than 300 lawmakers from various parts of the world on Wednesday to forgo the debt of the poorest countries

The US Department of Energy expects accelerated growth in world oil reserves in the second quarter to 11.5 million barrels per day from 6.6 million barrels per day in the…

A report published in a state-controlled tabloid citing sources close to the Chinese government have claimed that there is a rising chorus of hawkish voices in the country that are

The oil dependent Saudi Arabian economy has been hit hard by the novel coronavirus pandemic as well as a very sharp drop in the global oil prices. As a consequence

According to officials of the United States Federal Reserve, a quick return to growth should not be expected by Americans even as many parts of the largest economy of the

Peru's exports showed a record decline in 10 years in March, including due to COVID-19; a decline is observed in all sectors, the Peruvian Exporters Association (ADEX) said.

The coronavirus pandemic has hit Italy hard and its economy is expected to shrink this year. According to estimates that shrinking will result in a rise of the country’s public

The ferocity of the impact on the economic by the novel coronavirus pandemic in the United Kingdom was evident in the new car sale data of the country for the

The cost of the July futures for Brent crude on the London ICE grew by 11.91%, to $ 30.44 per barrel. This is the first time since April 15, when…

Eurozone GDP, which includes 19 of the 27 EU countries, could grow between 4-6% next year, according to a forecast by the European Central Bank (ECB).

The number of drilling rigs for oil and gas worldwide fell in April in monthly terms by 450 units, or 23%, to 1514 units, according to data from the American…

On Thursday, the European Central Bank (ECB) announced the launch of an additional bank lending program to maintain liquidity. The institution is also ready to increase the repurchase of assets,…

The US economy in the first quarter fell by 4.8% in terms of annual rates, according to a preliminary report by the US Department of Commerce.

The International Monetary Fund has approved a tranche of $ 3.4 billion to Nigeria to fight coronavirus, the fund said in a statement.

OPEC believes that oil quotes in the second half of 2020 will fluctuate around $ 40 per barrel, said the Minister of Energy of Algeria, Mohamed Arkab, said on Algerian…

The Bank of Japan kept the interest rate at a negative level, minus 0.1%, the financial regulator said in an April meeting.

New screening rules issued by the Indian government over Foreign Direct Investment (FDI) particularly from neighbouring countries including China have raised concerns among companies about their plans being jeopardized. The

The most dramatic fall on record for German business morale was recorded by the German economy in April as the largest European economy touched its lowest reading since reunification because

The Swiss Central Bank (SNB) recorded the maximum quarterly loss since its foundation in 1907 amid the collapse of global financial markets in connection with the pandemic of the coronavirus…

The strain from the coronavirus lockdown is putting immense pressure on the economy of the United Kingdom, so much so that it is at the point of crumbling. Borrowings by

The economy of the euro zone, which is already in one of the deepest recessions on record, is set to face even a worse downturn as the economic impacts of

According to official that was released in the United Kingdom on Monday, during the first quarter of the current year, the number of finance professionals in the country who are

According to analysts, following contraction in the Chinese economy in the first quarter of the current year because of the coronavirus pandemic, it should recover and do well for the

United States president Donald Trump unveiled new plans and guidelines to open up the economy by gradually lifting coronavirus-related restrictions on citizens and businesses for states and localities in an

The coronavirus pandemic that hit China at the beginning of the current year has caused a contraction of its economy for the first time in more than 40 years. The

The economic impact of the coronavirus pandemic will impact the Australian economy and the hit will likely be the worst among the countries in the Asian region, warned the International

Plans to reopen the almost stalled economy of the United States because of the spread of the novel coronavirus pandemic was close to be completed, said the US President Donald

Exports for the month of March for the Chinese economy dropped less than was being expected by the market even as the country noted a surprise increase in imports amidst

The number of many plants to be closed will depend on duration of the quarantine and the subsequent level of demand.

Support for the coronavirus ravaged economy of China is being supported by the bank lending in the country with a total lending of 2.85 trillion yuan ($405 billion) in March

The consumer prices in the United States dropped significantly in March, the largest drop in the give years, because of coast-to-coast shutdowns of businesses and the stay-at-home orders issued by

The spread of the novel coronavirus across the United States has suppressed demand for some goods and services which has resulted in the a drop in consumer prices by the

The finance minister of European Union countries finally agreed on a common emergency plan to support economies of the member countries from the economic impact of the coronavirus pandemic. The

The US Federal Reserve System (Fed) announced a massive expansion of support for the US economy in the amount of $ 2.3 trillion. The new pack of measures is primarily…

Analysts at the Standard & Poor’s rating agency assessed which sectors of the economy might be most prone to corporate defaults due to the COVID-19 coronavirus pandemic. The maximum risks…

Despite debating throughout the night, finance ministers of the European Union members did not manage to come to an agreement on an economic support package for economies in the EU

Japan is forced to significantly increase the issue of government bonds in the current fiscal year, which began on April 1, to finance a large-scale program of measures to support…

A call to global business to donate $8bn for the scientific fight against coronavirus was given the Wellcome Trust which said that the best way for the world to find

Seven more countries were invited to the OPEC+ meeting, scheduled for April 9. The list of states includes Norway and Brazil, but there USA and Canada are not invited, the…

After the United States decided to extend the imposition of tariffs on steel and aluminum from the European Union, a comprehensive list of imported goods form the US, including lighters

A decade long continued growth of jobs in the United States was brought to a sudden and screeching halt in March with about 710,000 Americans applying for unemployment benefits ads

According to a former official of the Bank of England (BoE), the impact of the coronavirus pandemic on the economies of the United States and Britain will result in a