The Swiss Central Bank (SNB) recorded the maximum quarterly loss since its foundation in 1907 amid the collapse of global financial markets in connection with the pandemic of the coronavirus infection COVID-19. The value of the SNB portfolio last quarter fell by 38.2 billion Swiss francs ($ 39...

The strain from the coronavirus lockdown is putting immense pressure on the economy of the United Kingdom, so much so that it is at the point of crumbling. Borrowings by the government has reached levels that were never before seen in peacetime history which has increased pressure on the government...

Amid coronavirus outbreak, the economic damages deepens in the U.S. as small businesses are left adrift with the announcement of SBA running out of funds for emergency loan programme used to bear the cost of payrolls of small business workers. Last week, the U.S. “Small Business Administration” had...

The economy of the euro zone, which is already in one of the deepest recessions on record, is set to face even a worse downturn as the economic impacts of the coronavirus lockdown in the countries of the region starts taking its toll on the economic bloc, according to a poll of economists conducted...

According to analysts, following contraction in the Chinese economy in the first quarter of the current year because of the coronavirus pandemic, it should recover and do well for the rest of the year. According to data released last Friday by China's National Bureau of Statistics, there was a...

According to official that was released in the United Kingdom on Monday, during the first quarter of the current year, the number of finance professionals in the country who are currently looking out for new jobs has increased by a whopping 40 per cent compared to the last three months of 2019....

United States president Donald Trump unveiled new plans and guidelines to open up the economy by gradually lifting coronavirus-related restrictions on citizens and businesses for states and localities in an effort to turn  the focus of America towards rejuvenating the economy that has been...

The coronavirus pandemic that hit China at the beginning of the current year has caused a contraction of its economy for the first time in more than 40 years. The Chinese economy had been enjoying an uninterrupted growth since the late 1970s.   According to data from the National Bureau of...

The economic impact of the coronavirus pandemic will impact the Australian economy and the hit will likely be the worst among the countries in the Asian region, warned the International Monetary Fund (IMF).     A dire picture for growth and unemployment in 2020 was painted by the...