Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down. The economic impact of the coronavirus has ripped through...
The world is facing a staggering jobs challenge with a quarter of a billion people set to lose their job this year, the president of Microsoft has said. Brad Smith says millions will need to learn new skills to get jobs, or even to hang on to...
A majority of economists expect a US recession in the next two years, but have pushed back the onset amid Federal Reserve actions, according to a survey released Monday. The survey came out after President Donald Trump pushed back against talk of a looming recession as a...
The U.S. is officially in a recession, bringing an end to a historic 128 months of economic growth, after the coronavirus pandemic swept the country and shut down the economy. For more than a decade, the American economy seemed to contradict the adage "What...
The United States tech sector is getting some relief from a trade truce with China signed this week, but the deal leaves many of the industry’s concerns unresolved. The ‘phase one’ agreement signed by president Donald Trump on Wednesday cancelled $160 billion in tariffs on Chinese goods,...
Bangladesh Ambassador M Shahidul Islam has called upon the US vaccine producing companies to exercise more openness and transparency in the commercial export of vaccines to developing countries.    The Ambassador expressed hope to remain engaged with the US government and the private sector...
US president Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5 per cent duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies. Trump’s move, announced...
The relationship between President Donald Trump and the largest US technology companies has often been frosty but a common opponent — France’s plan to tax US tech giants — will bring the two sides together, at least temporarily. Alphabet Inc’s Google, Facebook Inc and Amazon.com Inc are...
Oil prices drifted lower on Thursday as concerns about renewed Covid-19 lockdowns in the United States outweighed signs of a recovery in US gasoline demand. US West Texas Intermediate (WTI) crude CLc1 futures fell 14 cents, or 0.3%, to $40.76 a barrel by 0229 GMT, after rising...
The prices Chinese firms pay factories for their goods fell last month at the fastest pace in three years, official data showed Tuesday, as slackening demand and the bruising US trade war drag on the economy. Consumer prices were also broadly subdued and only supported by a...