In the wake of the data-rigging scandal that was centered around the World Bank's now-canceled "Doing Business" report, which also enmeshed IMF Managing Director Kristalina Georgieva, the World Bank-International Monetary Fund Development Committee called on the bank to take additional steps to...

A huge shift in its policy was made by Ireland as it agreed to become part of the global deal that will raise its corporate tax rate to 15 per cent.   Aimed at tackling tax evasion and synchronizing rules across the globe, countries in the G-7 and G-20 groups of nations decided to get...

Following its better than expected earnings that surpassed its profits for pre-pandemic levels in the June-August quarter, the sales for September for fashion retailer H&M' were hindered by supply chain interruptions, the Swedish company said on Thursday.   Variations to the...

Boeing Co boosted its projection for China's aircraft demand over the next 20 years marginally on Thursday, relying on the country's rapid recovery from COVID-19 and future development in its budget airline industry and e-commerce.   Chinese airlines would require 8,700 new planes by 2040,...

The global production of light vehicles is expected to fall by about five million this year because of a global shortage of semiconductors as well as delayed packaging and testing of the chips, claimed a report from IHS Markit said.   That marked the largest estimated drop in vehicle...

The “buy now, pay later” industry in the United Kingdom is booming and the two latest British firms to jump in the fray are Monzo and Revolut, two of the best known financial technology companies of the country.   Fast gaining popularity, the buy now, pay later or BNPL system of payment...

Social media users can no longer be banned by platforms on the basis of their “political viewpoints" in the US state of Texas which has made such a measure illegal in the state.   Facebook, Twitter and other social media companies have been accused by some of the most prominent Republican...

An editorial published in the state supported Chinese tabloid Global Times recently described the criticism by the United States and the West the regulatory crackdown in multiple sectors by the country is like taking "a backward step", as smears, while also claiming that the latest actions and...

A recent survey showed business confidence in Britain has touched high that were last seen in April of 2017 as businesses banked on the hope of a strong economic rebound to pre-pandemic levels.   The latest Lloyds Bank Business Barometer found that the biggest jump in confidence was...

Japan’s consumer sector continued a recovery resulting in the country’s retail sales rising for a fifth straight month in July. The growth was higher than expectations even as doubts over consumer spending and resultant continued growth and have been cast by a coronavirus resurgence.   The...

A unanimous recommendation to pass a key law was made by a South Korean parliamentary committee which effectively bans Google and Apple from charging a commission mandatorily from software developers of all the in-app purchases made. This is the first occasion that any country has imposed such a...