Asia now clearly leads the race to secure gas supplies from Doha's mammoth production expansion project after Qatar on Tuesday signed its second significant gas supply contract with a Chinese state-controlled enterprise in less than a year.   A 27-year agreement between QatarEnergy and China...

As the economy slows and they are forced to deal with inflationary pressures, a quarter of workers polled by PwC anticipate to change employment in the coming year, up from 19% the year before.   Even while the "Great Resignation" continues, PwC's latest assessment of the global workforce...

The International Union of Credit and Investment Insurers (Berne Union) accepted Iran as a member after its candidacy the majority of the union members' votes, according to the IRIB news agency. The Export Guarantee Fund of Iran has become a permanent member with a majority votes of the union's...

The European Union's plans to ratify a reform of the bloc's power market on Monday have been derailed by a last-minute request to extend subsidies for coal plants. The reform was intended to move the electricity system towards cleaner energy sources.   Energy ministers from the EU's member...

As the company reported a 9% increase in underlying quarterly UK sales, Tesco, the largest retailer in the UK, said the country's food inflation was beginning to lessen, providing some respite for stressed consumers and the larger economy.   "We do believe that we're past the peak...

After May statistics revealed that the post-COVID recovery in the second-largest economy in the world was faltering, several major banks lowered their 2023 gross domestic product (GDP) growth projections for China.   Nomura, a Japanese bank, announced in a note on Friday that it has lowered...

At its meeting on June 15, the Governing Council of the European Central Bank increased the base rate by 25 basis points to 4%. A 3.5% deposit rate was implemented, and 4.25% - on short-term borrowing. These rates will become effective on June 21. The decision to increase the rate is justified by...

The European Union plans to strike five Chinese firms out of the 11th set of sanctions against Russia. According to Bloomberg, which cited sources familiar with the situation, the European Union intends to drop measures to impose restrictions on five Chinese companies that it suspects of providing...

According to figures released on Thursday, New Zealand entered a recession as a result of the first quarter's economic contraction. This decreased the likelihood that the central bank would need to raise interest rates further, but it also added a new challenge for the government's bid for...