Economy
Islamabad: Pakistan’s economy would actually perform even worse than what previous estimates had warned about, the World Bank, citing the Covid-19 fallout, forecast on Monday. more
Saudi Arabia’s oil export drops by 21.9 percent in Q1 2020

Riyadh/Sputnik:  Saudi Arabia’s oil export has fallen by 21.9 percent, or some $11 million, in the first quarter of 2020, the country’s General Authority for Statistics s ...

IMF asks Pakistan to freeze salaries of govt employees

Islamabad: The International Monetary Fund has asked cash-strapped Pakistan to freeze salaries of government employees and adhere to the fiscal consolidation path by showing a nominal pri ...

COVID-19 fallout to cost US economy 7.9 tln USD over next decade: CBO

Washington/Xinhua: Fallout from the COVID-19 pandemic will shrink the size of the U.S. economy by 7.9 trillion U.S. dollars over the next decade, according to new projections released by ...

World slowly starts travelling again: UN Tourism Organization

New York: After months of lockdowns, countries are cautiously starting to ease travel restrictions put in place to stop the spread of COVID-19, according to research published Monday by t ...

Ecuador: Sustainable cattle farmer eases COVID-19 crisis with free milk for families

New York: As the COVID-19 pandemic shuts down dairy supply hubs across the Amazon region of Ecuador, one local cattle farmer with an abundance of milk on his hands has stepped up to offer ...

Why business needs to address the social impacts of COVID-19: an interview with Lise Kingo, UN Global Compact chief

New York: As businesses struggle to cope with the economic fallout from the COVID-19 pandemic, they need to remain aware of their responsibilities as partners in efforts to build a s ...

COVID-19: European Commission proposes borrowing 750 bln euros as recovery fund

Brussels/Xinhua: The European Commission on Wednesday proposed borrowing 750 billion euros (826 billion US dollars) in its name from the financial market to help the world's largest t ...

Coronavirus ‘grim reality’: World economy to shrink by 3.2 per cent, new UN report projects

New York : Against the backdrop of the raging COVID-19 pandemic, the world economy in 2020 is projected to shrink by 3.2 per cent, racking up some $8.5 trillion in overall losses – ...

Universal basic income the right prescription for Latin America & Caribbean – UN report

New York: A new report by the Economic Commission for Latin America and the Caribbean (ECLAC) unveiled on Tuesday, proposes that governments ensure immediate temporary cash transfers to h ...