The World Bank is seeking a fund of $12 billion to enable it to provide aid to the poorer countries to purchase and distribute vaccines for the novel coronavirus once they hit the market.   The Washington based institution has asked its board of directors to approve of the amount, the Bank...

All the “three major” stock indexes of the U.S. continued on the path of declines on a “weekly losing streak”. Main index of Wall Street saw a rise towards the end of last week as tech-related stocks led the way yet they are still heading towards “their longest weekly losing streak in a year” given...

The COVID-19 crisis along with the climate policies of the EU acted as a push for Poland to take “more decisive steps over the loss-making sector”. The Government of Poland has made a deal with the trade union for “gradually” closing “coal mines by 2049”.   Most of Poland’s power...

France will cut taxes for households and companies for €45 billion by the end of 2021, said Minister of Economy and Finance Bruno Le Maire. "We will cut taxes by €45 billion for households and businesses by the end of 2021. This is the largest tax cut in France in 20 years," the minister said at a...

The coronavirus pandemic will nullify three years of economic progress for a number of European countries, IMF chief Kristalina Georgieva said on Monday. “For the countries of Central, Eastern and Southeastern Europe, the pandemic will negate three years of economic progress, and it will be a...

Peruvian President Martin Vizcarra said that in October, the country is partially entering the fourth phase of economic reactivation, which includes a permit for rail and air travel. "From October, we will partially start the fourth phase, because we need to be careful... and keep progress in...

More and more investors could start taking interest in water “preservation and distribution”. CME reports that by 2025, nearly two-thirds of global population could be facing water shortage. We are all witness to the ravaging wildfires of California as a “clear enough sign” of the changing climate...

Consequences of the coronavirus pandemic may be less severe than was estimated in June, the fund’s spokesman Gerry Rice said on Thursday. "The latest data coming in suggests that the consequences (of the coronavirus pandemic) will be somewhat less severe than what was stated in the June 24 update,...

In the first three quarters, income from employment worldwide decreased by 10.7% compared to 2019, which corresponds to $ 3.5 trillion, or 5.5% of global GDP. Such data were published on Wednesday by the UN International Labor Organization (ILO). In the case of low- and middle-income countries, the...