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 economic recovery prospects have been delivered a severe blow because of the novel coronavirus pandemic and related...

The advisers of climate change committee’s report found Britain’s policies on climate change falling “well short”. The climate advisers of British government have come out with a report wherein they mentioned that the government needs to make use of the fund from “coronavirus recovery plan” for...

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 the coming years to be the high unemployment because of the coronavirus pandemic and lockdowns and low...

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 forced the IMF to slash its global economic forecasts for 2020 further on Wednesday.   The IMF...

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 the country's energy department. The weekly production rate rose for the first time in 11 weeks. Until then, it has been continuously...

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 large part of India still under the pandemic related restrictions thereby suppressing economic activities, a...

An updated Asian Development Bank (ADB) report released recently showed that there will be almost no growth in the developing economies of Asia for 2020 because of hit to the economies because of the lockdowns and stay at home orders to prevent the spread of the novel coronavirus pandemic. The...

A recent survey by the International Trade Centre (ITC) released this week has warned that the lockdowns and restrictions on businesses imposed by various governments all across the world in order to prevent the spread of the novel coronavirus pandemic has hit the small and mid-sized businesses all...

Developing countries, where the growth in the number of cases began later than in Europe and the USA, and is currently at its peak, are forced to take new measures to combat the crisis. In addition to increasing government spending, their central banks, which were previously more restrained in...