Economy

BERLIN - The German economy shrank by a record 10.1 percent in the second quarter as coronavirus lockdowns took their toll, official data showed Thursday, but experts say a recovery is…
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WASHINGTON, D.C. - The US economy shrank at a record-breaking 32.9% rate in the second quarter of this year as Americans sheltered at home during the coronavirus pandemic and slashed…
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RIYADH - Saudi Arabia posted a deficit of 109.2 billion riyals ($29.12bln) for the second quarter of this year as low oil prices hurt revenues, a finance ministry report published on…
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LONDON/BRUSSELS - The UK government and the EU will fail to sign a post-Brexit trade deal, with only a few days left before Prime Minister Boris Johnson’s July deadline, due to deadlock…
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July 20, 2020 "Information Clearing House" - The US economy at mid-year 2020 is at a critical juncture. What happens in the next three months will likely determine whether the current…
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BERLIN - Germany’s Foreign Minister hinted his country is unlikely to kowtow to the sweeping US sanctions against the embattled gas pipeline project, which he called an affront to…
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Walking away from its long-term relationship that goes back to those pre-Internet, pre-everything days, the United States government has legislated to list Huawei Technologies Company…
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MOSCOW - The US’ decision to remove sanctions exemption for the two pipelines under construction to deliver gas to Europe and Turkey is a textbook example of unfair competition through…
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If Russia, America, China and other nations of the UN Security Council and BRICS were to apply their best minds to solving these problems rather than fall into a new arms race, then not…
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BRUSSELS - The eurozone economy will plunge at least 8.7% in 2020 due to the COVID-19 lockdown, the European Commission said on Tuesday in more pessimistic forecasts that do not see a…
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