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Florida Woman Who Alleged Baby Powder From J&J Triggered Her Cancer Loses Lawsuit 04/19/2024

According To S&P, China's Fiscal Stimulus Is Becoming Less Effective 04/19/2024

S&P downgrades Israel's ratings to 'A+' from 'AA-' due to rising geopolitical risks 04/22/2024

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Economics

Ire Over Japanese PM’s $94b Reserve Fund To Combat Pandemic

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...

OECD updates global economy forecast for second pandemic wave

The global economy, even in the absence of a second wave of a pandemic and new restrictions, will decrease by 6% in 2020. In the event of a second outbreak, the recession will amount to 7.6%, follows from the updated forecast of the Organization for Economic Cooperation and Development (OECD). In...

U.S. Economy Had Officially Entered A Recession In February

The private economics research group that has the task of being the arbiter for estimating business cycles in the United States has said that the country’s economy has entered recession in February as a because of the economic impact of the coronavirus pandemic bringing an end to the longest period...

Pakistan’s Inflation Hike Was Largest In World During 2020 Due To Pandemic

The novel coronavirus pandemic outbreak across the world has upended the global economy not seen in recent history. And the Asian country of Pakistan is one that is hard hit. According to reports, the fiscal year 2020 so far has turned out to be the worst year for Pakistans...

China’s May Exports Drop While Imports Plunge Because Of Pandemic Hit To Global Growth

The slowdown in the wider export market resulted in a drop in the exports of China for the month of May, according to official data from the second largest economy of the world. This was preceded by a surprise jump in the previous month hat was mostly because of export of products related to the...

EU Plans To Secure Access To Promising Covid-19 Vaccines With A $2.7 Billion Fund

The European Union is set to make advance purchases of promising vaccines against the novel coronavirus cased disease Covid-19 from an emergency 2.4-billion- euro ($2.7 billion) fund, according to reports quoting EU officials. According to the reports, this measure came up for discussions...

Kyodo: Consumption in Japan nosedives during lockdown

In April, consumption in Japan fell by a record 11.1% compared with the corresponding period last year, the Kyodo agency reported, citing the Ministry of National Affairs. The level of consumption in April, when a state of emergency was declared in the country, was 268 thousand yen (about $ 2,450)...

Investors pour over $150B into "coronabonds"

Governments, banks and companies around the world, as well as international organizations, raised a total of $ 151.1 billion from the sale of bonds issued to combat the effects of the novel coronavirus pandemic as of May 31, according to a study by BNP Paribas. Among the companies that issued such...

S&P500 hits 3 months maximum

US stock indexes rose during trading on Tuesday, while the S&P 500 reached its highest level in the last 12 weeks, Trading Economics notes. Investors focused on the prospects of increasing business activity in connection with the weakening of quarantine measures, while concern about protests in the...

Japanese companies show strongest profit decline since 2009

Japanese corporations and companies showed the most powerful decline in revenue since 2009 in the first quarter of this year due to the situation with the novel coronavirus, when the country's economy suffered serious losses due to the global financial crisis. This is evidenced by data published on...