The European Central Bank is set to unleash more stimulus for the eurozone at its last meeting of the year on Thursday, as the region's battered economy grapples with a second wave of Covid-19…
International
India's economy is projected to shrink 7.5% in the current fiscal year through March, its central bank governor said on Friday, upwardly revising an October forecast for a 9.5% contraction. The…
The UN said on Tuesday $35 billion would be needed for aid in 2021, as the pandemic leaves tens of millions more people in crisis, and with the risk of multiple famines looming. The world body'…
The coronavirus-delayed Tokyo Olympics could cost $1.9 billion more than its original budget of $13 billion, marking a 15% increase, a report said on Sunday.
Rebalancing flows may lead to an exodus of around $300 billion from global stocks by the end of the year, according to JPMorgan Chase & Co. Large multi-asset investors may need to rotate…
The announcement earlier this week that an effective coronavirus vaccine has been developed was given a rapturous welcome by global markets, but UBS Chairman Axel Weber cautioned that even with…
Berat Albayrak, the son-in-law of Turkish President Recep Tayyip Erdogan, unexpectedly resigned as the country’s economy czar a day after the central bank governor was fired, igniting fresh…
Warren Buffett has gone from a stock-buyback skeptic to one of the world’s biggest repurchasers as his own firm becomes his favorite investment in the pandemic. The famed investor’s Berkshire…
Joe Biden will become the 46th president of the United States, CNN projects, after a victory in the state where he was born put him over the 270 electoral votes needed to win.
With…
The EU has called on Israel to cease demolishing Palestinian homes in the occupied West Bank and lift a threat to demolish Palestinian schools, calling them "an impediment towards the two-state…
Japan will achieve zero carbon emissions by 2050, Prime Minister Yoshihide Suga declared on Monday, outlining an ambitious agenda as the country struggles to balance economic and pandemic…
Lee Kun-hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption…
Japan’s central bank is expected to cut its growth and price forecasts for the current fiscal year at next week’s rate review, sources familiar with its thinking said, as the coronavirus…
Azerbaijani President Ilham Aliyev said Wednesday that Armenia was trying to attack gas pipelines in Azerbaijan and that the outcome will be severe if Armenians try to take control of them.
The outlook for the aviation industry has deteriorated again due to rising coronavirus infections and renewed travel restrictions, Airbus chief operating officer, Michael Schoellhorn, was quoted…
The European Central Bank must prepare to issue a digital euro to complement banknotes “if and when” it becomes necessary, ECB board member Fabio Panetta said on Friday.
The Emir of Kuwait, Sabah Al-Ahmad Al-Jaber Al-Sabah, who ruled the oil-rich Persian Gulf state for 14 years, has died at the age of 91, state television reported on Tuesday.
Sheikh…
North Korean leader Kim Jong Un wrote to South Korean President Moon Jae-in to apologize for the shooting of a South Korean fisheries official in its waters on Tuesday. The rare mea culpa was…
Palestinian leader Mahmoud Abbas says only an Israeli withdrawal from occupied territories can bring peace to the Middle East, as the UAE and Bahrain signed normalization accords with the Israel…
Yoshihide Suga was elected as the new head of Japan’s ruling party on Monday, virtually guaranteeing him parliamentary election as the country’s next prime minister. Suga received 377 votes in…
UK Prime Minister Boris Johnson has accused the European Union of threatening to tear the UK apart by imposing a food "blockade" between Britain and Northern Ireland, throwing new fuel on the…
The UN General Assembly overwhelmingly approved a wide-ranging resolution on tackling the coronavirus pandemic on Friday over objections from the United States and Israel, which protested a…
Container shipping activity has staged a sharp rebound in recent months and is nearing pre-pandemic levels, but the outlook remains clouded in uncertainty, a top industry executive said.
Britain will not blink first in Brexit trade negotiations with the European Union and is not scared of a no-deal exit at the end of the year, the country’s top Brexit negotiator warned the bloc…
Belarusian leader Alexander Lukashenko was under growing pressure on Sunday with rival protests due to converge on the capital a week after a contested presidential election that has thrown his…
