A lingering disagreement over US President Donald Trump's steel and aluminum tariffs has now been ended by the United States and the European Union. This has eliminated an irritant in the transatlantic relations and prevented a surge in EU retaliatory tariffs, according to US officials.  ...

Stubbornly high raw material prices and weak domestic demand resulted in China's manufacturing activity shrinking more than predicted in October, indicating further economic uncertainty in the fourth quarter of 2021.   According to statistics released by the National Bureau of Statistics...

According to a recent study by the International Labour Organization (ILO), the total loss of working hours in 2021 because of restrictions imposed for curbing the Covid-19 pandemic is equivalent to about 125 million full-time jobs.   According to the ILO, the data indicates that the...

A plea with a Singapore arbitration panel by India’s Future Retail to annual an order that was passed last year that suspended a $3.4 billion deal of the company with Reliance was rejected recently.   The opposing party of the deal, Amazon, would be boosted by this decision of the panel. The...

Companies have been coming to terms with the new challenges to business operations since the Covid-19 crisis began over 18 months ago. Some organisations have even directly contributed to the fight through their ideas, solutions, and technologies. The security printer Oberthur Fiduciaire found a...

A series of announcements earlier this week by firms in the global auto industry showed how the global auto industry has shifted into high gear as it attempts to overtake past the era of fossil-fuel powered cars era, even as the sale of electric cars increase globally and while new regulations...

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...