Lending patterns saw a massive jumps, while lenders set aside amounts to battle with future loss. The U.S. bank saw the profits drop by “69.6% to $18.5 billion” in 2020 Q1 in comparison to the previous year. This drop has been due to the economic impact of COVID-19 pandemic, revealed banking...

By the end of the year, the number of poor people in Italy may increase by a million people due to the coronavirus pandemic, the Coldiretti Association of Agricultural Producers reports. The association analyzed growth of requests for food assistance from the European Union, which is distributed by...

Millions of losses and complete uncertainty about tomorrow - this is how Indian businessmen describe the result of a three-month isolation regime in the country introduced in connection with the nocel coronavirus pandemic. An isolation regime was introduced in India in late March, when there were...

Children in the United Kingdom will soon get lessons about debt, spending and how prices are affected by supply and demand from Dennis the Menace.   A 12-lesson course about financial literacy will be delivered by the Beano rascal and several comic book friends who have teamed up with the...

Greece is "ready to welcome tourists" in complete safety after the coronavirus lockdown, said the Greek Prime Minister Kyriakos Mitsotakis said on Saturday. He added that the impact of the pandemic on the tourism industry of the country will be significant.      "Greek tourism is...

The Paris based policy forum Organisation for Economic Cooperation and Development (OECD) has predicted that the global economy will contract by 6 per cent in the best-case scenario because of the economic impact of the novel coronavirus pandemic.   The OECD said that the downturn for the...

Germany’s new economic stimulus offers “temporary tax cuts, handouts to families and investment in green transport technologies”. Last week, the European Commission was in all praise for Germany’s economic stimulus plan of “130 billion euro”. With this is was also noted that the “most populous...

Economic fall out reflects in an inflation in lending pattern in Brazil. According to Reuters report, the bank lending trend in Brazil is likely to increase by “7.6%” in 2020. The prediction was made by the central bank through a presentation last week. Which cited an increment in demand from...

Opposition law makers of Japan have labeled the $94 billion emergency fund earmarked for as relief package for Covid-19, and which can be availed without any permission from the parliament of the country, as Japanese Prime Minister Shinzo Abe's "pocket money". The lawmakers are also concerned about...