Global oil demand will grow more quickly than expected this year, helping to ease a glut despite rising crude production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday.
Loan officers at U.S. banks reported largely unchanged lending standards and slightly looser terms for business loans in the last three months of 2016, the Federal Reserve reported on Monday in a quarterly survey.
A seismic shift from petrol and diesel vehicles to electric ones, especially in China, could mean the world would enter an era of oil surplus in as early as a decade, says French bank BNP Paribas.
Industrial production in South Korea fell in the first month of this year, after rebounding in the previous month, boosting concerns about economic slump amid bleak domestic demand and sluggish exports, a government report showed Wednesday.
Oil prices may have rallied on a new International Energy Agency forecast for demand to erode the excess supply next year and hopes exporters will soon agree to tighten the spigots, but producers shouldn’t get too excited.
Syrian Foreign Minister Faisal Mekdad and his Iranian counterpart Hussein Amir-Abdollahian on Wednesday jointly warned the United States against its reported military b
When people think of trade, typically their focus tends to be on goods, something produced in one country, and shipped to another. The world has of course seen such tra
The BRICS Business Council (BBC) Annual Meeting 2023 was convened on August 21 in Johannesburg, South Africa. Chen Siqing, chairman of BBC's China Chapter, said that BR
The world has been closely monitoring the BRICS summit, which brings African countries together to enhance their share of the global economy and bridge the substantial
New cabinet members under Thai Prime Minister Srettha Thavisin were sworn in at the Royal Palace on Tuesday.Earlier, Thailand's King Maha Vajiralongkorn has endorsed th
The white gunman who shot and killed three Black people in Florida on Saturday bought his guns legally and wrote of his hatred of Black people, local law enforcement sa
The 2023 China International Fair for Trade in Services (CIFTIS) opened in Beijing on Saturday.Themed "openness leads development, cooperation creates a win-win future,
Thousands of people in Canada remain on evacuation orders as hundreds of fires burn across the country.Many evacuees continue to wait and monitor the news for updates o
U.S. President Biden arrived in Florida on Saturday with First Lady Jill Biden to survey the damage wrought by Hurricane Idalia. The Bidens toured the town of Live Oak
U.S. Commerce Secretary Gina Raimondo arrived in Beijing on Sunday night for a four-day visit.During her visit, China will state its position on economic and trade issu
A Japanese civic group on Friday submitted a "letter of accusation" to the Tokyo District Public Prosecutor's Office against Japanese Prime Minister Fumio Kishida and T
Ukrainian President Volodymyr Zelenskyy is expected to come to the United Nations headquarters in September, said Ferit Hoxha, Albania's UN ambassador, whose country ho
Iran and China have "good capacities" for environmental cooperation, especially in combating dust and sand storms, said Ali Salajegheh, Iran's vice president and head o
Israel's foreign minister arrived in Bahrain on Sunday for talks with senior officials in his first visit to one of the Gulf Arab states with ties to Israel.Eli Cohen w
Brice Oligui Nguema, president of the Committee for the Transition and Restoration of Institutions (CTRI), was sworn in on Monday as Gabon's "transitional president" in
The entities behind 13 U.S. presidential libraries, going back as far as then U.S. President Herbert Hoover, released a joint statement on September 7, calling for a re
Chinese tech giant Huawei announced on Monday the opening of a cloud data center in Riyadh, the Saudi capital, as part of its efforts to expand its online service offer
The rover of India's Moon Mission-3, or Chandrayaan-3, completed its assigned tasks and has been rendered to sleep mode by the Indian Space Research Organisation (ISRO)
The office of the U.S. Trade Representative Katherine Tai on Wednesday announced a further extension of China Section 301 tariff exclusions on 352 Chinese import and 77