Economy
Beijing: The fresh wave of COVID-19 outbreak and the flood hitting the country might hold back China’s recovery from the pandemic as consumption and construction are likely to be hit, analysts believe. more
Disney Loses $4.7Bln Amid COVID-19 Pandemic - Financial Statement

Washington: The Walt Disney Company in a press release revealed that the company lost $4.7 billion in its third quarter of the fiscal year.

About 400 Japanese companies went bankrupt due to COVID-19 economic impact - Reports

Tokyo/Sputnik: The number of companies that went bankrupt in Japan due to the situation with COVID-19 has reached 400, the NHK broadcaster reported on Monday, citing the data by Teikoku D ...

Microsoft to Wrap Up Talks on Purchase of TikTok in September - Company Statement

Washignton/Sputnik: Microsoft plans to finish negotiations with ByteDance, the parent company of TikTok, on the purchase of the Chinese-based video-sharing app no later than September 15, ...

Ravages of acute hunger will likely hit six in 10 in Zimbabwe: WFP

New York: The World Food Programme (WFP) is urgently seeking more international support to prevent millions of Zimbabweans plunging deeper into hunger. The COVID-19 pandemic has aggravate ...

Trade pact could boost Africa’s income by as much as $450 billion: World Bank

New York: The African Continental Free Trade Area represents a major opportunity for countries to boost growth, reduce poverty, broaden economic inclusion and help “expand opportuni ...

Google extends work from home through June 2021

San Francisco/Xinhua: Google will allow most employees to work from home through June 2021 as COVID-19 cases continue to surge, according to a report by San Francisco Chronicle on Monday. ...

As shipment reaches Tripura via Chittagong port, Delhi hopes of bolstering Indo-Bangla bond

Delhi: Diplomats in Delhi are chuffed after Tripura received its first shipment that reached them from Kolkata via the Chittagong port in Bangladesh. The development, which took place on ...

'Temporary Basic Income' could slow COVID surge, provide lifeline for world’s poorest

The immediate introduction of a Temporary Basic Income for the world’s poorest people could slow the current surge in COVID-19 and enable close to three billion people to stay at ho ...

Amid fears of worst recession in decades, urgent calls for solidarity, a united economic front

New York: With multilateral cooperation under strain, senior UN officials, Nobel laureates and eminent academic experts, gathered virtually on Wednesday for the launch of a new report rec ...