Global Economies

Tesla’s second-quarter profit fell 32% from record levels in the first quarter, with the company reporting a $2.26bn net profit on Wednesday.

Fresh concerns have been raised about China’s property sector as Kaisa Group has become the latest developer to miss a payment to investors. The Shenzhen-based homebuilder Kaisa, which has guaranteed the wealth...

The world investor week is important in reminding investors that in every single decision that they make, they need to be aware of regulations, risks

Visa is examining a suite of application programming interfaces (APIs) to allow banks to offer Cryptocurrency services. In a press statement, the payment giant said the Visa Crypto APIs pilot program will...

The RBA also flagged it would continue its unconventional monetary policy measures that included a term funding facility that is providing the banking sector with cheaper liquidity and its three-year bond-buying scheme.

Prospects for the full year remain in line with UNCTAD’s earlier projections of a 30% to 40% decrease in FDI flows, the report indicates.

The airline’s assumptions, which hinge on an effective Covid-19 vaccine by next summer, expects global air traffic to climb to 70 per cent of pre-crisis levels by the end of 2021.

HSBC now risks being caught in deepening turmoil after a swirl of trouble over the past year amid political unrest and an economic slump in its biggest market, Hong Kong.

In a report issued on Tuesday 08, september the company said that the trips taken in the electric cars will be more costly so as to  to pay the drivers and cushion...

Thailand has recorded one of the largest drops in GDP in Asia this year.

South Korea has overtaken China to lead Asia in sales of socially-responsible bonds this year, as global issuance of debt to fund the fight against Covid-19 surges

In its update on the economy, the ONS also pointed to a record fall in productivity during the second quarter of the year as more than nine million workers were placed on...

This is the lowest levels China has pegged the Yuan since the financial crisis of 2008.

The move comes less than two weeks after Uber laid off 3,700 employees, or 14 percent of its global workforce. In total, the company has eliminated around a quarter of its staff in...

The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure and green...

The sharp downward revision is driven by a massive decline in Asian economies, led by China and India which are slated to post sub-1 per cent growth this year.

Analysts estimate that 76 of the world’s poorest nations, which are eligible to receive the bank’s International Development Association (IDA) funding, are due to make repayments of about $40bn to external creditors...

The announcement followed a meeting between the president, prime minister and senior financial officials earlier in the day