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UNCTAD predicts biggest fall in merchandise trade since 2009

The value of global merchandise trade is predicted to fall by 5.6 per cent in 2020 compared with last year, according to UNCTAD's latest nowcasts. This would be the biggest fall in merchandise trade since 2009, when trade fell by...

More than 110,000 US restaurants permanently close amid pandemic

As of Monday, more than 110,000 US restaurants have completely...

Singapore to host WEF’s annual meeting instead of Switzerland

The World Economic Forum’s annual gathering of political and business...

Malaysia sees 78.6pc drop in tourist arrivals

Malaysia Tourism Promotion Board has said that the country's tourist...

Euro zone economy to gain momentum in 2021 on Covid-19 vaccine hopes: Reuters poll

The euro zone economy will contract again this quarter as...

Maldives permits 84pc of resorts to reopen

Some 84 per cent of resorts in the Maldives have...

US Fed chief says recovery slows amid economic reopening

US Federal Reserve Chairman Jerome Powell said Tuesday that economic...

China recovery boosts Asian factories, but trouble seen ahead

Asian factories continued to recover steadily in November thanks to...

UN predicts record 235m people will need humanitarian help in 2021

A record 235 million people will need humanitarian assistance next...

Canada unveils new economic relief package

The Canadian government has unveiled a new financial programme worth...

Russian economy to fall by 4.5pc in 2020: official

The Russian economy is projected to decline by 4.5 per...

UNCTAD asks Israel to end Gaza occupation that cost $16.7b in past decade

The continued Israeli occupation brings the Gaza Strip in near-collapse...

European tourism industry sees partial recovery amid pandemic

The European tourism industry only partially recovered amid the COVID-19...

IMF chief says add’l monetary stimulus may pose risks to financial stability

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said...

Elon Musk overtakes Bill Gates to become world's second-richest person

Tesla Inc Chief Executive Officer Elon Musk has toppled Microsoft...

Sri Lanka to open $250m tire factory in 2021

A 250-million-US-dollar tire manufacturing plant in Sri Lanka's western town...

Singapore narrows 2020 GDP growth forecast to -6.5 to -6pc

Singapore's Ministry of Trade and Industry (MTI) has said that...

Taiwan's manufacturing output decline again

The production value of Taiwan's manufacturing industries totaled 3.2 trillion...

G20 leaders vow to help poorer countries in post-Covid world

Leaders of the 20 biggest economies on Saturday vowed to...

G20 leaders to discuss post-Covid recovery plan

Leaders of the 20 biggest world economies (G20) will debate...

Japan's core consumer prices falls at sharpest pace in nine years

Japan's leading gauge of inflation fell at the fastest pace...

Trump, Xi to meet at virtual Asia Pacific forum

US President Donald Trump and his Chinese counterpart Xi Jinping...

‘Economic recovery losing momentum with resurging infection rates’

The global economy is recovering from the depths of the...

Asia-Pacific leaders eye free trade with US under Biden

Asia-Pacific leaders called on Thursday for open and multilateral trade...

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