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Experts of the World Trade Organization expect a slowdown in global trade growth due to increased trade disputes and tougher conditions in the credit markets. The organization lowered the forecast for the growth of world trade in 2018 from 4.4% to 3.9%, in 2019 - from 4% to 3.7%. The WTO believes that against the backdrop of tensions caused by the growth of trade restrictions, business in the world's largest economies has already begun to reduce capital investment. Experts expect the tendency of increasing volatility of exchange rates to remain due to tightening of monetary policy in developed countries. WTO Director-General Roberto Azevedo called on the governments of the world's largest economies to overcome the contradictions in trade relations.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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