The Worldwide Vitality Company (IEA) has reduce its 2021 forecast for oil demand by zero.three million barrels. It'll take extra time for oil demand to recuperate absolutely as renewed lockdown measures will additional restrict mobility, the IEA stated. ...

China, different governments and the WHO itself did not act quick and decisively sufficient towards the novel coronavirus, permitting it to grow to be a pandemic, an interim report by an unbiased WHO panel on the dealing with of the disaster states. ...

Worldwide shipments of smartphones tumbled practically 9 p.c final yr because the coronavirus pandemic took its toll on the worldwide economic system, in response to evaluation by Digitimes Analysis. ...

JPMorgan Chase, Marriott and different main companies are reducing ties with outgoing US President Donald Trump, and are freezing political donations to his supporters within the wake of final week’s unrest on Capitol Hill. ...

Russia’s important index on the Moscow Alternate has reached a brand new historic peak for the second time in per week following good points in equities buying and selling in Europe and the US as buyers anticipate extra financial reduction. ...

After seven months of consecutive progress, meals costs lastly reached a three-year peak for the entire pandemic 12 months, in line with the UN meals safety company, the Meals and Agriculture Group (FAO). ...

American airways’ web losses are prone to be greater than $ 35 billion for 2020, accounting for greater than 40 p.c of world carriers’ losses, because the coronavirus pandemic resulted within the worst 12 months within the historical past of aviation. ...

The event of digital currencies could problem the SWIFT worldwide banking fee system and will ultimately make it redundant, the Central Financial institution of Russia (CBR) has mentioned. ...

International locations around the globe have began closing their borders to the UK to forestall the unfold of a quickly transmittable pressure of coronavirus which was detected on UK shores and might be 70 % extra infectious. ...

China's luxurious items market has practically doubled this yr, as shoppers needed to spend money contained in the nation as a result of Covid-19 outbreak. The market is ready to increase additional to turn into the most important on the earth. ...