The European Union and the United States declared on Friday that they had reached a "in principle" agreement on a new framework for cross-border data transfers, bringing much-needed respite to internet behemoths like Meta and Google.   For more than a year, authorities on both sides of the...

According to two sources, the International Monetary Fund (IMF) will make a decision on Argentina's $45 billion programme on Friday, with the country expected to cross the final obstacle to renegotiate its debt with the Washington-based lender.   The accord would be Argentina's 22nd IMF...

The Office of the United States Trade Representative (USTR) has announced that it had reintroduced 352 product exclusions from U.S. "Section 301" tariffs on Chinese imports that had already expired. The number of inclusions however was far lower than the 549 exclusions that the UST had been...

According to reports quoting an official of the government of Sweden, the Swiss government has frozen roughly 5.75 billion Swiss francs ($6.17 billion) in Russian assets in Switzerland that are subject to sanctions, and the sum is certain to climb.   "Today, for the first time, I can give...

With the support of singers like BTS, Taylor Swift, and Adele, global music earnings climbed at their quickest rate in more than two decades last year.   In 2021, revenues increased by 18.5 per cent to $25.9 billion, the most since records began in the 1990s. Streaming was the main driver of...

Oil prices rose $3 on Monday, with Brent topping $110 a barrel, as European Union countries consider joining the US in a Russian oil embargo, while a weekend attack on Saudi oil installations sparked fears.   Brent crude futures were up $3.44, or 3.2 percent, to $111.37 a barrel by 0443 GMT,...

Russian integration into the global consumer economy was believed to be symbolized by the “Evropeisky” mall in Moscow as its atriums were named after cities such as London, Paris and Rome.   But, in the two weeks since Russia invaded Ukraine, major sections of the seven-story retail mall...

Since the start of the Covid-19 pandemic, companies around the world have been experiencing a labour shortage, which has hampered production and raised costs.   Companies may prevent this problem by recruiting neurodiverse employees and those with criminal histories, according to JPMorgan...

The latest banks to disclose their Russian exposures are UniCredit of Italy and BNP Paribas of France as the two lenders warned that the financial impact from Russia's invasion of Ukraine might cost billions of euros to them.   After the West imposed harsh sanctions on...

Video gaming company Sony along with Nestle, and Philip Morris, decided to join a growing list of multinationals that are shying away and leaving the Russian market on Wednesday, with increasing pressure from the consumers of these companies in the West severely criticise the Russian invasion of...

American brands McDonald's, PepsiCo, Coca-Cola, and Starbucks have all halted sales of their most well-known items in Russia, in a unified condemnation of the assault on Ukraine by corporations that define America for most of the world.   Pepsi and McDonald's were business trailblazers...