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UK applies to join Asia-Pacific trading bloc on Brexit anniversary
Jan 31, 2021 12:46A year after officially leaving the European Union (EU), the UK is set to apply to join a free trade area with Asia and Pacific nations on Monday (February 01), with negotiations expected in the spring.
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Oil falls on COVID-19-induced demand worries, stronger dollar
Jan 28, 2021 09:30Oil fell on Thursday on fresh fuel demand worries because of travel curbs to prevent new coronavirus outbreaks and delays with vaccines and a stronger US dollar weighed on prices.
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Biden unveils $1.9 trillion plan as US recovery buckles
Jan 15, 2021 09:08President-elect Joe Biden will propose injecting $1.9 trillion into the US economy when he takes office next week, as evidence mounts that the recovery from the sharp downturn caused by COVID-19 is flagging.
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US weekly jobless claims increase more than expected
Jan 14, 2021 12:57The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses.
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China extends debt relief to DR Congo amid COVID-19 crisis
Jan 07, 2021 06:59The Democratic Republic of the Congo says China has offered some debt relief in a bid to ease pressure on the central African country ravaged by the COVID-19 crisis.
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Another 803,000 Americans filed for unemployment benefits last week
Dec 24, 2020 03:12Claims for unemployment benefits fell across most categories in Wednesday's Labor Department report. Still the job market recovery has stalled while more than 20 million Americans need aid to make ends meet.
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US weekly jobless claims at three-month high as COVID-19 restrictions bite
Dec 18, 2020 02:03The number of Americans filing first-time claims for jobless benefits unexpectedly rose last week as a relentless wave of new COVID-19 infections hobbled business operations, offering more evidence that the economy’s recovery from the pandemic recession was faltering.
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Iran, Afghanistan inaugurate joint railway project
Dec 10, 2020 09:45A joint railway project linking eastern Iran to western Afghanistan was inaugurated on Thursday with presidents of the two neighboring countries delivering remarks through video-conference and expressing hope it will enhance trade links across the region.
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Global debt rose sharply in first 9 months of 2020 amid pandemic
Nov 19, 2020 12:16Global debt increased at a breakneck pace in the first nine months of the year as governments and companies continue to spend in response to the COVID-19 pandemic, new research shows.
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Iran, Russia-led trade bloc push regional convergence
Nov 17, 2020 11:32Representatives of the Eurasian Economic Union (EAEU), a trade bloc with an integrated market of 180 million people, are attending a conference in Iran’s port city of Anzali on the Caspian Sea to enhance regional convergence in economic and transit relations.