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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Bayer to cut more than 200 employees in German crop protection products segment 05/13/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

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Economics

Fed pours in $ 2.3T more into US economy

The US Federal Reserve System (Fed) announced a massive expansion of support for the US economy in the amount of $ 2.3 trillion. The new pack of measures is primarily aimed at maintaining a previously stable small and medium-sized business, the loans of which the regulator promises to buy back from...

Standard & Poor’s estimates default probability across industries

Analysts at the Standard & Poor’s rating agency assessed which sectors of the economy might be most prone to corporate defaults due to the COVID-19 coronavirus pandemic. The maximum risks of default are noted in the airline industry, gambling and hotel and entertainment business, the production...

Coronavirus fake news: the parallel pandemic

In tandem with the global coronavirus outbreak, misinformation and disinformation are wreaking havoc with efforts from authorities to provide accurate news and guidance. Not only are bad actors profiting from the climate of uncertainty, everyday people are adding to the problem through...

No Agreement Among EU Ministers For Economic Package Over Virus Pandemic

Despite debating throughout the night, finance ministers of the European Union members did not manage to come to an agreement on an economic support package for economies in the EU that have been hit hard by the coronavirus pandemic. The ministers are slated to meet again soon and try and arrive at...

Japan pushes up bonds volume to support economy

Japan is forced to significantly increase the issue of government bonds in the current fiscal year, which began on April 1, to finance a large-scale program of measures to support the economy in the context of the COVID-19 coronavirus infection pandemic. The volume of additional emission will...

Global Business Should Grant $8bn To Find Scientific Slutin Of Covid-19, Says Wellcome Trust

A call to global business to donate $8bn for the scientific fight against coronavirus was given the Wellcome Trust which said that the best way for the world to find an “exit strategy” the lockdowns, imposed to prevent the spread of Covid-19 - the name of the disease caused by the coronavirus, that...

Norway and 6 more countries invited to OPEC + meeting, USA not included

Seven more countries were invited to the OPEC+ meeting, scheduled for April 9. The list of states includes Norway and Brazil, but there USA and Canada are not invited, the Bloomberg news agency reported with reference to the delegate at the upcoming OPEC + meeting.a A meeting of OPEC+ on the issue...

EU Plans Retaliatory Tariffs To Extended US Tariffs On Steel And Aluminum

After the United States decided to extend the imposition of tariffs on steel and aluminum from the European Union, a comprehensive list of imported goods form the US, including lighters and plastic fittings for furniture, is being drawn up by the 128 member bloc hat will be levied with import...

The Decade Long Job Growth In US Halted By Coronavirus

A decade long continued growth of jobs in the United States was brought to a sudden and screeching halt in March with about 710,000 Americans applying for unemployment benefits ads more and more businesses shut down temporarily because of the coronavirus pandemic. According to new data...

UK Economists Say US And UK Unemployment Could Be Worse Than The Great Depression

According to a former official of the Bank of England (BoE), the impact of the coronavirus pandemic on the economies of the United States and Britain will result in a level of unemployment that could surpass the levels reached during the Great Depression of the 1930s within just a few months. ...