Business

The coronavirus pandemic could chop nearly 10 percent off global gross domestic product (GDP), the Asian Development Bank (ADB) predicts, more than doubling its previous forecast. The global economy could...

A Second wave of Covid-19 cases is a major risk for the energy market, the International Energy Agency (IEA) has warned. The agency raised its outlook for oil demand, which...

Russia may no longer be a tea country with coffee taking the leading position in the market, customs data and recent analyst estimates show. According to customs data, Russia imported...

Billionaire investor Paul Tudor Jones said recently he was betting on bitcoin as the best hedge against inflation in the age of coronavirus. The cryptocurrency reminds him of gold in...

China has seen more capital flow into its stock markets as a result of market dislocations caused by the Covid-19 crisis. According to some strategists, this is part of a...

The Russian government has allocated 23.4 billion rubles ($316 million) to support domestic airlines, which are suffering tremendous losses as a result of coronavirus-related restrictions. The subsidies were unveiled on...

Russian gold and foreign currency holdings have hit $566 billion as of May 1, according to the latest data released by the country's central bank. International funds grew by $2.53...

Tesla could be legally cleared to scale up operations at its car factory in Fremont, California as soon as next week. CEO Elon Musk has already defied local authorities by...

As part of the ‘phase one' trade deal, Beijing on Tuesday issued a new list of US products to be exempt from trade tariffs. This came as the US threatened...

Freight transportation via Russia's Northern Sea Route (NSR) grew 4.5 percent year-on-year from January to April, exceeding 10 million tons, the Federal Agency for Maritime and River Transportation, Rosmorrechflot, said....

Multinational travel firm TUI Group has announced that it will slash 10 percent of its workforce worldwide in an effort to cut costs amid the coronavirus pandemic. In its half-year...

The BRICS' New Development Bank (NDB) said it has disbursed a billion-dollar emergency assistance loan to India to help the country contain the spread of coronavirus and reduce losses caused...

UK gross domestic product (GDP) fell two percent in the first three month of the year, according to data from the Office for National Statistics, signaling the first direct impact...

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ The Seattle Mariners have informed its personnel working under uniform employee contracts that certain employees...

Restaurants are one of the hardest-hit sectors by the coronavirus pandemic and even after the outbreak is over the industry will still struggle to survive, according to restaurateur Andrew Zimmern....

Oil demand is on the rise as countries across the globe begin easing lockdown restrictions and commuters head back to work. From China and Spain to the United States, people...

Bitcoin has undergone its latest ‘halving' event, which occurs every four years and reduces the reward miners receive for mining new coins to help control inflation. It's the third halving...

Norway is set to withdraw $41 billion from its sovereign wealth fund to cushion the blow to the economy from the coronavirus crisis that has resulted in falling oil prices...

Falling crude prices amid an unprecedented global demand slump have taken a big bite out of Saudi Aramco's net income in the first three months of this year, according to...

A new list of US products to be exempt from trade tariffs has been announced by China's finance ministry on Tuesday. It said the new waivers will take effect on...

Crude prices reversed early trading losses and finally advanced on Monday as Saudi Arabia ordered its state oil giant to slash production by 1 million barrels per day in addition...

Crude prices reversed early trading losses and finally advanced on Monday as Saudi Arabia ordered its state oil giant to slash production by 1 million barrels per day in addition...

Crude prices reversed early trading losses and finally advanced on Monday as Saudi Arabia ordered its state oil giant to slash production by 1 million barrels per day in addition...

Crude prices reversed early trading losses and finally advanced on Monday as Saudi Arabia ordered its state oil giant to slash production by 1 million barrels per day in addition...

Crude prices reversed early trading losses and finally advanced on Monday as Saudi Arabia ordered its state oil giant to slash production by 1 million barrels per day in addition...

Riyadh has rolled out major austerity measures to keep its economy afloat after the coronavirus outbreak resulted in a steep decline in oil revenues which the nation vastly relies on...

Riyadh has rolled out major austerity measures to keep its economy afloat after the coronavirus outbreak resulted in a steep decline in oil revenues which the nation vastly relies on...

The coronavirus crisis is set to make it “impossible” for Beijing to fulfill purchases agreed under the “phase one” trade deal with Washington, the Center for Strategic and International Studies...

Oil prices have rallied as traders believe the depths of demand destruction may be coming to an end with economies beginning to reopen. But some analysts are warning that the...

As trade tensions escalate between Washington and Beijing, India is boosting efforts to lure more than 1,000 US businesses out of China, reportedly offering to ease tax and labor laws,...

The volume of online sales in the Russian capital grew rapidly in March, reaching 16 billion rubles (almost $218 million), according to the official Moscow mayor's office website. The figure...

Oil demand could rebound enough to exceed supply by the end of this month, Goldman's head of commodities Jeffrey Currie told Barron's Market Brief. He noted that this would be...

Oil demand could rebound enough to exceed supply by the end of this month, Goldman's head of commodities Jeffrey Currie told Barron's Market Brief. He noted that this would be...

Oil demand could rebound enough to exceed supply by the end of this month, Goldman's head of commodities Jeffrey Currie told Barron's Market Brief. He noted that this would be...

While the world's second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis...

While the world's second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis...

While the world's second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis...

Three cruise ships that have not carried passengers or crew members with the coronavirus will dock at the Port of Oakland for several months, officials said Friday. The Oakland-bound Norwegian...

The US Bureau of Labor Statistics (BLS) reported on Friday that the coronavirus shutdown has slashed a record number of jobs from nonfarm payrolls, sending the unemployment rate to record...

The European Union's highest court said on Friday it alone has legal authority over the European Central Bank (ECB). It rejected the recent ruling in Germany questioning the ECB's power...