The G20 countries will not limit themselves to easing monetary policy and will invest a total of about $ 5 trillion in support of national economies, reads a communiqué of a remote meeting of heads of informal associations. The largest package is about to be approved by the US Congress. In total, $...

Thousands of Americans have been laid off because of closure of businesses due to the massive spread of the coronavirus pandemic as the government imposed strict restrictions on businesses in an effort to slow down the spread of the pandemic.   The massiveness of the layoffs in the country...

The coronavirus pandemic and the oil war between Saudi Arabia and Russia resulted in a huge excess of supply over demand in the global energy market. After a landslide in energy prices, the US-oriented oil and gas industry in Canada found itself in a state of crisis and so required government...

The International Monetary Fund (IMF) said on Monday that a global recession will take place in 2020 because of the coronavirus pandemic and the economic hit of the virus all over the world will be worse than the recession that was seen during the 2008-09 global financial crisis. However the IMF...

In this extraordinary time when the world is dealing with coronavirus outbreak, Wells Fargo decides to help the strain on its customers besides boosting its charitable donation. On Friday, March 20, 2020, Wells Fargo & Co stated that due to the emergency situation of coronavirus outbreak, it is...

A special energy representative from representing the administration of United States President Donald Trump is will be sent to Saudi Arabia, according to officials. There has been a crash in the global oil price which has got the White House to seek ways to respond to it. In a rare measure,...

The European aircraft manufacturing concern Airbus will suspend production at factories in Spain and France over the next four days due to the spread of coronavirus, the company said in a statement. "Airbus is closely monitoring the development of the situation with the COVID-19 virus around the...

With the aim of stimulating the United States economy from slipping into a severe downturn because of the coronavirus pandemic, the US Federal Reserve brought down interest rates to zero on Sunday before markets reopened on Monday. The Fed now joins a list of major central banks of different...

A recession in the US economy and other countries around the world seems increasingly likely given the impact of the coronavirus pandemic on trade and financial markets, The Wall Street Journal writes. US stock indices Dow Jones Industrial Average and Standard & Poor's 500 fell by more than...