global recession

Final days of hajj and Eid festival impacted by coronavirus
Middle East

Final days of hajj and Eid festival impacted by coronavirus

DUBAI, United Arab Emirates (AP) — Small groups of pilgrims performed one of the final rites of the Islamic hajj…
UN: Arab economies to shrink by 5.7% amid virus fallout
Economy

UN: Arab economies to shrink by 5.7% amid virus fallout

BEIRUT (AP) — The pandemic will exact a heavy toll on Arab countries, causing an economic contraction of 5.7 percent…
Dutch minister throws carrier KLM 3.4 bn euro lifeline
Economy

Dutch minister throws carrier KLM 3.4 bn euro lifeline

THE HAGUE, Netherlands (AP) — The Dutch government announced Friday that it will throw national carrier KLM a 3.4 billion-euro…
Egypt spends LE60 bn to confront coronavirus: official
Egypt

Egypt spends LE60 bn to confront coronavirus: official

Egypt has so far spent LE60 billion of the LE100 billion allocated by the government to combat the coronavirus crisis,…
Solidarity or frugality? EU leaders discuss coronavirus plan
Economy

Solidarity or frugality? EU leaders discuss coronavirus plan

BRUSSELS (AP) — As they brace for the worst economic downturn since the Great Depression, leaders of the European Union’s…
Post-lockdown recovery up in flames for Tunisia market vendors
Middle East

Post-lockdown recovery up in flames for Tunisia market vendors

TUNIS (Thomson Reuters Foundation) — It was the first day that the whole of the Tunis medina was open for…
Turkish industry slammed by coronavirus curbs
Middle East

Turkish industry slammed by coronavirus curbs

ISTANBUL (Reuters) — Turkey’s industrial output slumped a more-than-expected 31.4 percent and its current account deficit widened beyond five billion…
Coronavirus widens the cracks in Egypt’s cement industry
Business

Coronavirus widens the cracks in Egypt’s cement industry

CAIRO (Reuters) — The coronavirus is putting Egypt’s private cement industry under even more pressure. Already scrambling to respond to…
US unemployment drops unexpectedly to a still-high 13.3%
World

US unemployment drops unexpectedly to a still-high 13.3%

WASHINGTON (AP) — The US unemployment rate fell unexpectedly in May to 13.3 percent — still on par with what…
European Central Bank nearly doubles pandemic support scheme
Economy

European Central Bank nearly doubles pandemic support scheme

FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600…
Back to top button