economy
Virus pummels global economy, jobs – even without 2nd wave
World
June 10, 2020
Virus pummels global economy, jobs – even without 2nd wave
ARIS (AP) — The virus crisis has triggered the worst global recession in nearly a century — and the pain…
Pandemic drives broadest economic collapse in 150 years: World Bank
World
June 9, 2020
Pandemic drives broadest economic collapse in 150 years: World Bank
The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since…
Syrian pound hits record low ahead of new US sanctions: dealers
Middle East
June 9, 2020
Syrian pound hits record low ahead of new US sanctions: dealers
AMMAN (Reuters) — The Syrian pound sank to a new record low on Monday as investors scrambled for dollars ahead…
African American banks pivotal as ever for minorities in US
World
June 7, 2020
African American banks pivotal as ever for minorities in US
When she needed capital to expand her business, Ernisha Randolph was just one of countless African Americans to encounter roadblocks…
China imports plunge, exports fall on virus hit to global growth
World
June 7, 2020
China imports plunge, exports fall on virus hit to global growth
China’s exports and imports fell in May as the economic slowdown abroad started to take its toll, and after a…
Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts
Business
June 7, 2020
Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts
The Egyptian government is set to receive its US$5.2 billion one-year International Monetary Fund (IMF) loan within the second half…
Dozens wounded in clashes as hundreds of protesters flood Beirut
Middle East
June 7, 2020
Dozens wounded in clashes as hundreds of protesters flood Beirut
Protesters poured into the streets of the Lebanese capital Saturday to decry the collapse of the economy, as clashes erupted…
Egypt reaches agreement with IMF to receive US$5.2 billion
Economy
June 6, 2020
Egypt reaches agreement with IMF to receive US$5.2 billion
Egypt has reached a staff-level agreement with the International Monetary Fund (IMF) for a 12 month US$5.2 billion Stand-By Arrangement…
Pandemic could cost Australian universities $11 bn: lobby group
World
June 3, 2020
Pandemic could cost Australian universities $11 bn: lobby group
Australian universities could lose up to US$11 billion dollars as an indefinite coronavirus border closure locks out the foreign students…
Virus-battered Italy faces worst recession since WWII
World
May 30, 2020
Virus-battered Italy faces worst recession since WWII
Facing its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is hitting Italy’s economy…