A simulation from McKinsey Global Institute claims that there can be a growth of 1.2 per cent to annual gross domestic product at least for the next decade or so because of the contribution from artificial intelligence (AI).   The report compared the economic impact of the technology, which...

Argentina is all set to get an early release as it had asked for from the International Monetary Fund with respect to the $50bn emergency funding and just before it, the government there has undertaken a range of very significant new austerity measures to prevent further deterioration of its...

The sharp drop in the rate of Iranian rial has provoked strong demand for US dollars in recent months. Iranians are trying to save money against the backdrop of economic problems and American sanctions. Therefore, the shadow foreign exchange market is thriving in the country. In January, one dollar...

The Indonesian rupiah touched its lowest point over 20 years which prompted the country’s central bank to say that it will need to intervene to control the situation.   According to media reports, foreign exchange and bond markets would be the areas where it would intervene, said the...

There is no need to keep Canada in the North American Free Trade Agreement, said U.S. President Donald Trump and asked the US Congress not to interfere into the trade negotiations for the Nafta rejig deal, else he would be forced to completely cancel the trilateral trade agreement.   ...

The pound sterling dropped below $ 1.29 on Monday after the Brexit strategy of the British Prime Minister Theresa May was criticized by both the European Union and her own party. As each side warns about the risk of hard Brexit, investors are becoming increasingly sensitive to news of the...

No trade deal emerged from the US and Canada negotiations on the rejig of the North American Free Trade Agreement (Nafta) following which United States President Donald Trump told the Congress that his administration wanted to move ahead with a bilateral trade agreement with Mexico.  ...

A mega trade deal that would turn out to be the largest in the world ever and creating the largest trading block in the world is being hastened between 16 economies in Asia Pacific region even as the United States president Donald Trump is getting ready to impose another round of tariffs on import...

Following the trade agreement between Mexico and the United States relating to North American Free Trade Agreement (Nafta) trade deal, the negotiations between the US and the third partner Canada have been reported to be going well.  While the negotiations are still ongoing, reports suggest...