New Zealand posted a 12.2% second quarter fall in its GDP as the country entered a coronavirus-induced recession. It is the largest fall since comparable records began. New Zealand on Wednesday entered recession with a...
The UK government has confirmed rumors that had been circulating Westminster in recent days that it intends to alter the Brexit deal it negotiated with the European Union. The move has been widely condemned as...
The World Trade Organization is now leaderless. The task facing Roberto Azevedo’s successor is mammoth, from the need for reform to fighting protectionism. The process to succeed him is also quite labyrinthine. It’s a role...
The second-quarter contraction was the worst ever since documentation of GDP figures began in 1970. The drop was, however, not as steep as the 10.1% contraction that economists initially anticipated. The German economy, Europe’s largest,...
The Alliance for a Green Revolution in Africa (AGRA) is a favorite cause among Western donors — including Germany. But a study finds that the work of the organization is actually counterproductive. The Alliance for...
The US government said Europe had not done enough to be in compliance with WTO decisions. The EU has called for intensified efforts to resolve the trade dispute. European trade groups reacted with regret and...
Disney’s decision to release its $200 million ‘Mulan’ online might help short-term but digital revenues won’t make up for billions lost at the box office. This week Disney shocked cinema owners around the world when it announced...
Argentina owes a fortune — $323 billion (€274 billion) as of the end of 2019 — which it cannot pay back. That has been the case for many years. It owes several billion to the...
The new security law Beijing imposed on Hong Kong and the ongoing political turmoil cast a dark shadow on the financial hub’s competitiveness and attractiveness to international business. Hong Kong Chief Executive Carrie Lam announced...
For the first time ever, China’s electronics giant Huawei sold more smartphones than the South Korea’s Samsung in the last quarter, according to an industry tracker. Still, Huawei faces trouble on the global market. Huawei...
Last week Ireland welcomed a court ruling that denied it more than €14 billion of Apple money in back taxes. It has brought its tax regime into sharp focus, but the problem is global as...
Low gold prices have been holding back miners from going full throttle in search of elusive “world-class” deposits. But, could that change with the precious metal flirting with record high prices? Gold prices have risen...
