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Global oil demand will return to pre-pandemic levels in two years and reach record heights by 2026 unless governments take swift action to meet climate goals, the International Energy Agency...
China is set to unveil a new five-year plan and other socioeconomic targets for 2021 when its annual meeting of parliament, the National People’s Congress, begins on Friday. China expected...
World shares picked up Wednesday on positive economic data in Europe and as investors looked to a second day of testimony by Federal Reserve Chair Jerome Powell for his outlook...
James Moore, The Independent The bonfire of good ideas lit by Boris Johnson’s government just keeps on getting fuelled. The latest to be thrown on the flames: a leaked...
Global equity benchmarks and oil prices rose while US Treasury bonds dipped on Wednesday as investors weighed the likelihood of further US stimulus under the incoming Biden administration against worsening...
Investors shrugged off US President Donald Trump’s second impeachment and focused instead on reports that his successor, Joe Biden, will lay out a new US $2 trillion stimulus programme later....
European Central Bank President Christine Lagarde pushed back against pessimism on Wednesday, predicting an economic rebound as COVID-19 uncertainty subsides and saying that Europe has all the tools needed to...
The World Bank has predicted that more countries will come under ‘deep debt distress’ this year as the coronavirus pandemic situation worsens. Chad and several other countries are already in...
The European Union and China on Wednesday approved “in principle” a major investment pact that Brussels hopes will open up lucrative opportunities, despite concerns about Beijing’s rights record. EU chiefs...
In 2020, the economies of all countries, except China, contracted. The world went into a deep recession. The World Bank predicts a contraction of global GDP in 2020 by about...
