Economy
World / Countries / MNCs
Rome/JEN: With Italy witnessing one of the worst episodes of coronavirus outbreak, which has claimed lives of 4,032 people, doubts are high that whether the presence of greater number of Chinese workers in the country's elite leather-good factories might have triggered the enormous amount of carnage carried out by the virus. more
US Firms' revenue to fall by $4Trln over COVID-19, global losses to reach $12Trln – Report

Moscow/Sputnik: US companies may lose up to $4 trillion in revenue over the pandemic of COVID-19, while the global losses may reach $12 trillion, Bridgewater Associates, the world's b ...

Almost 25 million jobs could be lost worldwide as a result of COVID-19, says ILO

New York: The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labou ...

Swift policy action, strong leadership can save millions of jobs, ‘avert the worst’ amid COVID-19 pandemic

New York: As dire forecasts about the global economy add to the anxiety surrounding the COVID-19 pandemic, the UN’s labour agency (ILO) on Thursday offered a range of urgent measure ...

ADB announces $6.5 billion initial response to COVID-19 pandemic

Manila: The Asian Development Bank (ADB) today announced a $6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the nov ...

New report from UN Economic Commission for Europe measures progress on global goals

New York : As all eyes, hearts and minds focus on the COVID-19 coronavirus pandemic, the Sustainable Development Goals (SDGs) garnered attention on Tuesday when a new UN report revealed t ...

New Zealand launches 7.36 bln USD economic stimulus package to fight COVID-19

Wellington/Xinhua: The New Zealand government on Tuesday launched "the most significant peace-time economic plan in modern New Zealand history" to cushion the impact of the COVI ...

US Federal Reserve cuts interest rates to target range of 0-0.25 pc amid COVID-19 outbreak

Moscow/Sputnik: The US Federal Reserve System has said in a statement that it lowered the target range for the federal funds rate to 0-0.25 percent in the wake of the coronavirus disease ...

Italy to allocate additional 25 Bn Euros to fight Coronavirus

Genoa/Sputnik: Italy is set to allocate an additional 25 billion euros ($ 28 billion) to fight the coronavirus disease (COVID-19), Italian Prime Minister Giuseppe Conte announced on Wedne ...

Tumble in oil prices will not kill shale industry, rather make it stronger - Fitch

Moscow/Sputnik: Dmitry Marinchenko, the head of natural resources and commodities at Fitch Ratings, told Sputnik on Monday that the currents oil market crash would not impact the shale in ...