ECONOMY
Economy

Modern life under threat, COVID-19 biggest shock in ‘nearly a century:’ McKinsey

Saturday, 28 March 2020

Measures to contain the coronavirus pandemic have caused the biggest shock to modern life in almost ......

Coronavirus: Fitch downgrades UK rating, negative outlook

Saturday, 28 March 2020

Fitch Ratings downgraded its UK long-term issuer default ratings to AA- from AA with a negative ......

Coronavirus: IMF chief calls for massive rescue spending

Saturday, 28 March 2020

Countries around the world must respond with “very massive” resources to economic disruptions ......

Coronavirus: Trump signs $2.2 trln stimulus package into law

Saturday, 28 March 2020

President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law on ......

WTO crisis: EU, China and 14 others agree stop-gap fix

Friday, 27 March 2020

The European Union, China and 14 other World Trade Organization members agreed on Friday on a ......

Coronavirus: US to ensure speedy delivery of stimulus checks

Friday, 27 March 2020

US Treasury Secretary Steven Mnuchin on Friday pledged to quickly send cash to Americans as part of ......

G20 leaders to pump in $5 trln into global economy in fight against coronavirus

Friday, 27 March 2020

Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the ......

Coronavirus: US to take stakes in airlines in exchange for aid

Thursday, 26 March 2020

The US government plans to take stakes in major airlines in exchange for aid included in a $2 ......

Coronavirus: Inside the global war for ventilators

Thursday, 26 March 2020

Ventilators, life-saving pieces of medical equipment which help coronavirus patients to breath, have ......

Egypt slashes economic growth targets amid coronavirus

Thursday, 26 March 2020

Egypt reduced its GDP growth target for the current fiscal year 2019-20 to 5.1 percent from 5.6 ......

Coronavirus: US jobless claims reach record 3.3 million as livelihoods lost

Thursday, 26 March 2020

Nearly 3.3 million Americans applied for unemployment benefits last week - more than quadruple the ......

Qatar Airways revenue drops 80 pct, will seek state aid: CEO

Thursday, 26 March 2020

Qatar Airways Chief Executive Officer Akbar Al Baker said many airlines will go bust as the ......

‘We’re not going to run out of ammunition’ for coronavirus lending: Fed’s Powell

Thursday, 26 March 2020

Federal Reserve Chairman Jerome Powell said Thursday the US central bank will continue to ......

Middle East flights down 45 percent this week amid coronavirus: Data firm

Thursday, 26 March 2020

Flights in the Middle East are down 45 percent this week, compared with the same week last year, ......

China, US to table war of words during G20 coronavirus meet: Reports

Thursday, 26 March 2020

China and the US are expected to call a timeout on their coronavirus blame game and focus on the ......

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