Economy

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COVID-19: Recovery will be slower following ‘crisis like no other’, IMF predicts

New York : Economic recovery from the COVID-19 pandemic is projected to be more gradual than previously forecast, according to a report published on Wednesday by the International Monetary Fund (IMF). more

Experts believe Beijing’s China Pakistan Economic Corridor will soon be a “trillion dollar blunder"

Tel Aviv: The China-Pakistan Economic Corridor (CPEC), a flagship of China's imperialistic and expansionist agenda under its Belt and Road Initiative, will soon be turning into a &ldq ...

World Bank provides Bangladesh over $1 billion to create quality jobs and respond to COVID 19 pandemic

Washington: The World Bank today approved $1.05 billion for three projects to help Bangladesh create quality jobs and accelerate economic recovery from the COVID-19 (coronavirus) pandemic ...

Trade in many developing countries projected to ‘nosedive’, warns UNCTAD

New York : Trade in many developing countries is expected to take a “nosedive” in the second quarter of 2020, owing to the unprecedented effects of the coronavirus pandemic, U ...

UN chief in ‘support migrants’ plea, as remittances drop by 20 per cent predicted

New York: Marking International Day of Family Remittances, The UN Secretary-General, António Guterres, has released a message appealing for “people everywhere” to suppo ...

COVID-19 could drive global poverty back over one billion people: Study

New York: In dramatic new numbers researchers estimate that extreme poverty could spike as a result of the COVID-19 pandemic, on the day the postponed meeting of the world’s richest ...

China convicts Uyghurs in sham trials: reports

Beijing: Describing their ordeal, Uyghur Muslims have recounted to a foreign media how they were forcefully made to confess their crimes and even convicted without proper legal representa ...

Passenger traffic in Sweden's airports down 98 pc due to coronavirus outbreak - Operator

Stockholm/Sputnik: Passenger traffic at the ten largest Swedish airports decreased by 98 percent due to the outbreak of the novel coronavirus disease (COVID-19), according to statistics r ...

Aviation industry losses to top $84 billion in 2020: IATA

Geneva: The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in ...

Hospitality in the time of a pandemic

Amid the Covid-19 scare and continued lockdown, travel and tourism is the industry hardest hit across the globe. Young journalists from USA's University of Missouri and their Indian c ...