Travel costs would be reduced by up to 40 percent while CO2 marginal emissions would be reduced to zero in urban areas by the advent of electrified autonomous vehicles, predicts a recent report of the World Economic Forum (WEF).   Some new approaches to electric mobility would be required by...

A change in rules of remittance of the yuan by the Chinese authorities in January saw the first ever international bank assisting in remittance of the currency from a foreign country.   Yean was remitted from Australia back to mainland China by a Chinese national with the help of HSBC bank....

Mexico needs to stop dependence on its trade with the United States for its economy and instead look at expanding and strengthening and diversifying its ties trade relations with countries and economies of Central and South America, said an official associated with the UN Economic Commission for...

The International Energy Agency (IEA) said that the US is preparing to become the world's largest oil producer in 2019. The increase in production at shale deposits compensates for a steady increase in demand for oil and a reduction in supplies by other producers, writes the Financial Times. Oil...

The most recent report on the economic performance of the United Kingdom clearly indicates a steady growth despite the uncertainties associated with Brexit.   According to figures from the National Institute of Economic and Social Research (NIESR), there has been a 0.5 per cent growth in the...

The Bank of England will have to raise interest rates again to fight inflation. However, the regulator is not going to act aggressively, the chief economist of the central bank said. Andy Haldane referred to the statement of the Bank of England after the policy meeting, according to which interest...

It was last Friday morning that the wheels started coming off the stock markets.  It was at that time that reports of an increase in the average hourly earnings for the month of January in the U.S. had exceeded the expectations was published by the Labor Department of the country. The reports...

The factory production in the U.K. touched its highest point since 2014 as figures for the same for the month of December was released recently.   There was a rise of 0.3 per cent rise in the month of December in manufacturing compared to the figure in November, shows data released on Friday...

Wages and job growth in the U.S. grew in January to touch the highest annual growth point in over 8-1/2 years which led to enhanced expectations of higher inflations this year because of full employment in the labor market.   The U.S. Labor Department said that after adding 160,000 jobs in...