The announcement of the coronavirus pandemic pulled down the US stock market. Major stock indices fell by a few percent. The Dow Jones index fell more than 500 points after the World Health Organization (WHO) recognized the new coronavirus as a pandemic. Initially, it amounted to 24,174 points, but...

The proposed EU budget from 2021-27 aims at carbon neutrality by 2050. The chairman of the EU has proposed to fill up the gap in its “next long-term budget” which has been created with the exit of Britain from the bloc, whereby introducing a new tax on plastics and tapping on the funds of carbon...

ECB needs to get a better understanding of climate change impact and its affect on the economy to find ways of playing its role. The President of European Central Bank, Christine Lagarde stated that banks need to up their game towards transparency on “their exposure to climate- change risk” while...

With rising concerns of an economic downturn because of the global spread of the deadly coronavirus and the huge drop in the global price of oil, corporate America – including a range of companies from Exxon Mobil Corp to Royal Caribbean Cruises Ltd, were seen pushing for taking on more funds in...

The International Monetary Fund has warned that the global economic growth for 2020 will fall below the growth rate that was reached last year because of the fast and wide spread of the deadly coronavirus. The IMF also announced an aid of $50bn in emergency funding for those middle and low income...

Gold prices are about to end the week with maximum growth since February 2016 due to investors' concerns about the economic consequences of the outbreak of coronavirus, Reuters writes. Gold, traditionally regarded as a defensive asset, rose more than 5% this week. "We are witnessing a gradual...

A series of meetings on the fate of the OPEC + deal amid a slowdown in world oil demand due to the outbreak of coronavirus and a rapid drop in prices will begin on Wednesday in Vienna. The alliance will have to determine whether to respond to this challenge by strengthening production cuts and, if...

The Reserve Bank of Australia (RBA) lowered its key interest rate by 25 basis points to a record low 0.5% per annum to support the country's economy in the context of the spread of coronavirus. RBA chief Philip Lowe said the regulator could continue easing the policy. "The global spread of...

The outbreak of coronavirus has already affected all sectors of the Chinese economy. A sharp reduction in travel around the country and abroad has caused significant losses for airlines. If the epidemic is not tamed before April-May, the lost revenue of Chinese national air carriers can reach 100...