Economy
Washington/Xinhua:  The number of initial jobless claims in the United States totaled 6.6 million last week amid mounting economic fallout from COVID-19, following a similar staggering figure the week earlier, the U.S. Bureau of Labor Statistics reported on Thursday. more
Over 1Mln jobs lost in Canada in March amid COVID-19 pandemic: Labor Force Survey

Toronto/Sputnik/UNI: More than a million Canadians lost their jobs last month, pushing the unemployment rate up 2.2 percentage points to 7.8 percent amid the growing novel coronavirus (CO ...

COVID-19: impact could see 195 million job losses, says ILO chief

New York : The rapidly intensifying economic effects of COVID-19 on the world of work are proving to be far worse than the 2008-9 financial crisis, with cutbacks equivalent to nearly 200 ...

COVID-19: The global food supply chain is holding up, for now

New York  : The unfolding COVID-19 pandemic is so far having little impact on the global food supply chain, but that could change for the worse – and soon – if anxiety-dr ...

World economy is now in recession, worse than 2008 crisis: IMF

Washington:  International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Friday warned that the world economy is currently in 'recession' and it is worse than ...

Economic sanctions should be lifted to prevent hunger crises in countries hit by COVID-19 – UN rights expert

New York : As the world exhibits new bonds of solidarity in response to the coronavirus pandemic, it is a matter of “humanitarian and practical urgency to lift unilateral economic s ...

$2.5 trillion COVID-19 rescue package needed for world’s emerging economies

New York : The economic fallout from COVID-19 is likely to get “much worse” before it gets better for some six billion people living in developing economies, the UN said on Mo ...

China's GDP growth to decline to 2.3 pc in baseline scenario in 2020, warns World Bank

Washington/Sputnik/IBNS: China's GDP growth is expected to decline to 2.3 per cent in the baseline scenario in 2020 due to the novel coronavirus (COVID-19) pandemic, the World Bank sa ...

Malaysia unveils new stimulus package to counter COVID-19 impact

Kuala Lumpur/Xinhua: Malaysian Prime Minister Muhyiddin Yassin announced an economic stimulus package worth 250 billion ringgit (about 57.54 billion U.S. dollars) on Friday to fight the e ...

Covid-19: Time to maintain economic distancing with China as it mounts biggest coverup

With the Chinese government reporting much less number of COVID 19 infection in recent times and unleashing a massive propaganda to clear itself from the global catastrophe it unlocked, e ...