Business

The People's Bank of China has revealed plans to have its sovereign digital currency ready in time for the 2022 Winter Olympics. The announcement comes as the Covid-19 pandemic has...

A spike in demand for sporting equipment has been reported by Russia's biggest online retailer, Wildberries. Sales of bicycles skyrocketed sixty-fold from May 1 to 24 compared to the same...

A new project to boost the economy's sustainable development and support the suffering energy sector during the Covid-19 global crisis has been approved by the Russian government. According to the...

China's imports of Russian oil have risen 18 percent in April year-on-year, according to Reuters, citing Chinese customs data. Shipments reached 7.2 million tons, equivalent to 1.75 million barrels per...

The impact of the Covid-19 pandemic on the eurozone economy has been significant, according to the European Central Bank (ECB), increasing the underlying financial vulnerabilities of the euro area. The...

As the Bank of England says it's considering the idea of negative interest rates as a last resort amid the Covid-19 crisis, the US Federal Reserve's balance sheet has topped...

Latin America's biggest carrier, LATAM Airlines Group SA, said on Tuesday that it has filed for Chapter 11 bankruptcy protection in the US. It's seeking to restructure its debt after...

Indian Oil Minister Dharmendra Pradhan said the South Asian country is looking at storing some low-priced American crude at US facilities because India's local storage is full. He said that...

Gold output in Russia continues to grow, increasing by 9.26 percent in 2019 year-on-year, the country's Ministry of Finance said on Monday. The volume of bullion production reached 343,54 tons...

The oil price collapse is forcing potential buyers of oil and gas fields to try and renegotiate deals or otherwise abandon them entirely. On April 20, the West Texas Intermediate...

After weeks of “intensive negotiations” between Berlin and Germany's flagship carrier Lufthansa, an agreement has been reached on €9 billion state bailout aid. As part of the deal, the government...

Tech giants like Google, Facebook and Amazon could be forced to pay higher taxes in Europe as governments search for new revenue to deal with the Covid-19 crisis, CNBC has...

Top policymakers in India have started discussions on a framework that will attract global investors looking to shift manufacturing to the South Asian country, a senior government official told The...

Top policymakers in India have started discussions on a framework that will attract global investors looking to shift manufacturing to the South Asian country, a senior government official told The...

Top policymakers in India have started discussions on a framework that will attract global investors looking to shift manufacturing to the South Asian country, a senior government official told The...

Top policymakers in India have started discussions on a framework that will attract global investors looking to shift manufacturing to the South Asian country, a senior government official told The...

Giant M&A deals are in the making following the oil price crisis, but the market may not see the typical kind of merger. Sir Winston Churchill once admonished leaders to...

A report by the United Nations Development Program (UNDP) says that the coronavirus pandemic is “unleashing a human development crisis,” with declines in fundamental areas of living standards expected to...

About $5 million has been invested in the construction of a deepwater year-round port near Indiga, a settlement on Russia's Barents Sea coast, according to the Arkhangelsk Region's Acting Governor...

When a country, namely the US, can print trillions of dollars to keep its economy afloat, but is struggling to produce basic medical gear during a pandemic, it raises serious...

American behemoths such as Google, Amazon and Microsoft are providing web services to Chinese companies included in the infamous US Entity List, according to UK-based tech research firm Top10VPN. “Despite...

A one-of-a-kind floating nuclear power plant, designed and built by Russia, has become the most northerly nuclear facility in the world, as it begins commercial operations in a remote region...

Hertz, one of the world's largest vehicle-rental companies, has sought bankruptcy protection after business nosedived as a result of the Covid-19 pandemic severely impacting demand. Corporations worldwide have struggled to...

Hertz, one of the world's largest vehicle-rental companies, has sought bankruptcy protection after business nosedived as a result of the Covid-19 pandemic severely impacting demand. Corporations worldwide have struggled to...

Hertz, one of the world's largest vehicle-rental companies, has sought bankruptcy protection after business nosedived as a result of the Covid-19 pandemic severely impacting demand. Corporations worldwide have struggled to...

Hertz, one of the world's largest vehicle-rental companies, has sought bankruptcy protection after business nosedived as a result of the Covid-19 pandemic severely impacting demand. Corporations worldwide have struggled to...

Hertz, one of the world's largest vehicle-rental companies, has sought bankruptcy protection after business nosedived as a result of the Covid-19 pandemic severely impacting demand. Corporations worldwide have struggled to...

The Renault-Nissan automaking alliance has taken a huge hit due to the Covid-19 pandemic. French carmaker Renault may not survive without government aid, and its Japanese partner faces massive job...

Over the last two months unemployment in the United States has risen to levels not seen since the Great Depression. However, US billionaires got even richer during the same period...

Over the last two months unemployment in the United States has risen to levels not seen since the Great Depression. However, US billionaires got even richer during the same period...

Over the last two months unemployment in the United States has risen to levels not seen since the Great Depression. However, US billionaires got even richer during the same period...

Over the last two months unemployment in the United States has risen to levels not seen since the Great Depression. However, US billionaires got even richer during the same period...

Over the last two months unemployment in the United States has risen to levels not seen since the Great Depression. However, US billionaires got even richer during the same period...

Beijing has reiterated its commitment to the trade agreement with the US despite aggressive rhetoric from Washington over the devastating economic impact of the coronavirus crisis. “We will work with...

The US Federal Reserve has said it plans to maintain low interest rates for the foreseeable future until it is confident the economy has weathered the consequences of Covid-19 and...

The Reserve Bank of India (RBI) has slashed its growth forecast for this financial year and warned of inflation uncertainties as the country's economy suffers due to the Covid-19 pandemic....

Crypto-enthusiasts hail bitcoin as an alternative to fiat currency. However, it is not doing what it is designed to do, as nothing can be purchased with bitcoin or any other...

Major global crude benchmarks Brent and West Texas Intermediate (WTI) continued their bullish run on Thursday, trading at their highest since March as a drop in US crude inventories eased...

After Goldman Sachs projected the Indian economy to shrink by 45 percent this quarter, Professor Richard Wolff believes that no one can predict the future amid the coronavirus uncertainty. “We're...

The fracking industry relies on negative interest rates to convince investors that they will lose money slower than just holding cash, says Max Keiser of RT's Keiser Report. He spoke...