Economics
New Survey Shows Small And Medium Businesses Hardest Hit By Pandemic
A recent survey by the International Trade Centre (ITC) released this week has warned that the lockdowns and restrictions on businesses imposed by various governments all across the world in
Published on June 23, 2020
By Debdutta Ghosh
Economics
ADB Cuts Down Growth Forecast For Developing Asia For 2020
An updated Asian Development Bank (ADB) report released recently showed that there will be almost no growth in the developing economies of Asia for 2020 because of hit to the
Published on June 23, 2020
By Debdutta Ghosh
Economics
Central banks in developing countries are lowering rates to fight looming crisis
Developing countries, where the growth in the number of cases began later than in Europe and the USA, and is currently at its peak, are forced to take new measures…
Published on June 23, 2020
By Iris Barker
Economics
BMW to downsize 6,000 employees, stop cooperation with Daimler on drones
German carmaker Bayerische Motoren Werke AG (BMW) announced its intention to cut 6,000 jobs due to the negative consequences of the COVID-19 coronavirus pandemic.
Published on June 22, 2020
By Iris Barker
Economics
US shale oil companies expect to restore a quarter of production lost due to COVID-19
By the end of June, American shale companies will return to the market about 500 thousand barrels of oil per day, which is about a quarter of the volume of…
Published on June 19, 2020
By Iris Barker
Economics
Worst Peace Time Recession In A Century For Global Economy Due To Pandemic, Predicts OECD
According to the most recent assessment of the Paris based think tank Organisation for Economic Cooperation and Development (OECD), the biggest peace-time downturn in a century will hit the global
Published on June 18, 2020
By Debdutta Ghosh
Economics
COVID-19 Pandemic Affects The U.S. Bank Profitability Nearly by 70%
Lending patterns saw a massive jumps, while lenders set aside amounts to battle with future loss.
Published on June 17, 2020
By Debaleena Bhattacharjee
Economics
Number of poor in Italy will increase by a million in a year
By the end of the year, the number of poor people in Italy may increase by a million people due to the coronavirus pandemic, the Coldiretti Association of Agricultural Producers…
Published on June 17, 2020
By Iris Barker
Economics
Indian business counts millions lost during isolation regime
Millions of losses and complete uncertainty about tomorrow - this is how Indian businessmen describe the result of a three-month isolation regime in the country introduced in connection with the…
Published on June 15, 2020
By Iris Barker
Economics
Dennis The Menace And Bank Of England Join Hands For Kids Project
Children in the United Kingdom will soon get lessons about debt, spending and how prices are affected by supply and demand from Dennis the Menace. A 12-lesson course about financial
Published on June 14, 2020
By Debdutta Ghosh
Economics
Greece’s Prime Minister Said Country Is Ready To Welcome Tourists
Greece is “ready to welcome tourists” in complete safety after the coronavirus lockdown, said the Greek Prime Minister Kyriakos Mitsotakis said on Saturday. He added that the impact of the
Published on June 14, 2020
By Debdutta Ghosh
Economics
Worst Global Peacetime Recession In A Century Due To Covid-19 Predicted By OECD
The Paris based policy forum Organisation for Economic Cooperation and Development (OECD) has predicted that the global economy will contract by 6 per cent in the best-case scenario because of
Published on June 13, 2020
By Debdutta Ghosh
Economics
EU Finds Germany’s ‘130 Billion Euro’ Stimulus ‘Impressive’
Germany’s new economic stimulus offers “temporary tax cuts, handouts to families and investment in green transport technologies”.
Published on June 13, 2020
By Debaleena Bhattacharjee
Economics
Coronavirus To Increase Brazil’s Bank Lending By 7.6%
Economic fall out reflects in an inflation in lending pattern in Brazil.
Published on June 13, 2020
By Debaleena Bhattacharjee
Economics
Ire Over Japanese PM’s $94b Reserve Fund To Combat Pandemic
Opposition law makers of Japan have labeled the $94 billion emergency fund earmarked for as relief package for Covid-19, and which can be availed without any permission from the parliament
Published on June 12, 2020
By Debdutta Ghosh
Economics
OECD updates global economy forecast for second pandemic wave
The global economy, even in the absence of a second wave of a pandemic and new restrictions, will decrease by 6% in 2020. In the event of a second outbreak,…
Published on June 11, 2020
By Iris Barker
Economics
U.S. Economy Had Officially Entered A Recession In February
The private economics research group that has the task of being the arbiter for estimating business cycles in the United States has said that the country’s economy has entered recession
Published on June 10, 2020
By Debdutta Ghosh
Economics
Pakistan’s Inflation Hike Was Largest In World During 2020 Due To Pandemic
The novel coronavirus pandemic outbreak across the world has upended the global economy not seen in recent history. And the Asian country of Pakistan is one that is hard hit.
Published on June 8, 2020
By Debdutta Ghosh
Economics
China’s May Exports Drop While Imports Plunge Because Of Pandemic Hit To Global Growth
The slowdown in the wider export market resulted in a drop in the exports of China for the month of May, according to official data from the second largest economy
Published on June 8, 2020
By Debdutta Ghosh
Economics
EU Plans To Secure Access To Promising Covid-19 Vaccines With A $2.7 Billion Fund
The European Union is set to make advance purchases of promising vaccines against the novel coronavirus cased disease Covid-19 from an emergency 2.4-billion- euro ($2.7 billion) fund, according to reports
Published on June 5, 2020
By Debdutta Ghosh
Economics
Kyodo: Consumption in Japan nosedives during lockdown
In April, consumption in Japan fell by a record 11.1% compared with the corresponding period last year, the Kyodo agency reported, citing the Ministry of National Affairs.
Published on June 5, 2020
By Iris Barker
Economics
Investors pour over $150B into “coronabonds”
Governments, banks and companies around the world, as well as international organizations, raised a total of $ 151.1 billion from the sale of bonds issued to combat the effects of…
Published on June 4, 2020
By Iris Barker
Economics
S&P500 hits 3 months maximum
US stock indexes rose during trading on Tuesday, while the S&P 500 reached its highest level in the last 12 weeks, Trading Economics notes.
Published on June 3, 2020
By Iris Barker
Economics
Japanese companies show strongest profit decline since 2009
Japanese corporations and companies showed the most powerful decline in revenue since 2009 in the first quarter of this year due to the situation with the novel coronavirus, when the…
Published on June 1, 2020
By Iris Barker
Economics
The U.S. Treasury Revamps Rules For Carbon ‘Tax Credit’
Providing “developers and investors” with “the remaining critical information” on “carbon capture projects”.
Published on May 31, 2020
By Debaleena Bhattacharjee
Economics
IMF Warns Stock Markets Paying Least Attention To Climate Crisis
The International Monetary Fund has warned that the increasing number of natural disasters that have taken place in the last 50 years have been generally ignored by equity markets and
Published on May 31, 2020
By Debdutta Ghosh
Economics
EU Trade Commissioner Hogan Could Put Himself Up As Candidate Of WTO Chief
The spokesperson of Phil Hogan, trade commissioner of the European Union, has said that Hogan wants to put himself up as a candidate for the post of director-general of the
Published on May 31, 2020
By Debdutta Ghosh
Economics
Saudi Arabia Transfers ‘$40 Billion’ To PIF
Saudi Arabia’s sovereign wealth fund tapped $40 billion from foreign reserves to fund overseas investments.
Published on May 30, 2020
By Debaleena Bhattacharjee
Economics
White House Will Not Release Economic Projections This Summer: Reports
According to news reports published in the United States, updated economic projections this summer will not be released by the White House officials this year which denotes a break from
Published on May 29, 2020
By Debdutta Ghosh
Economics
Trump Wants To Scrap Or Weaken Law That Protects Social Media Platforms
United States President Donald Trump has often been criticised on social media platforms including Twitter and Facebook, and now Trump is set to introduce new legislation that could result in
Published on May 29, 2020
By Debdutta Ghosh
Economics
Job Loss For One In Four Workers In US Since Mid-March Due To Pandemic
While there is evidence that the worst outcome for the United States labor market could have passed, the tremendous amount of ground the labour market of the country has to
Published on May 29, 2020
By Debdutta Ghosh
Economics
Latest Data Indicates Further Deepening Of Japan’s Recession
There was a deeper than expected fall in the factory output in Japan in the month of April which was coupled with a plunge in retail sales which was deepest
Published on May 29, 2020
By Debdutta Ghosh
Economics
Analysts: Oil exporting countries are counting losses
Exports of the G20 countries in January – March 2020, when quarantine restrictions were just beginning to apply in most countries, has already decreased by 4.3% compared to the previous…
Published on May 29, 2020
By Iris Barker
Economics
EU Outlines Plans For A Massive Rescue Stimulus Package
A huge stimulus package plan worth 750 billion euro was announced by the European Union’s executive arm to support economies that have been battered by the novel coronavirus pandemic. EU
Published on May 29, 2020
By Debdutta Ghosh
Economics
Asymmetric alliances between small innovative businesses and large companies
A strategic alliance can be described as asymmetrical when it involves cooperation between two companies with marked differences in terms of size, portfolio of resources and market position. Although such…
Published on May 28, 2020
By Olivier Meier
Economics
Venezuela teams up with UN program to send part of its gold reserve to fight COVID-19
Venezuela has entered into an agreement with the United Nations Development Program (UNDP) to channel some of the republic’s gold reserves held by the Bank of England to supply food…
Published on May 28, 2020
By Iris Barker
Economics
IEA expects global energy investment cuts
Global energy investment in 2020 will fall by one fifth (20%), or almost $ 400 billion, compared to 2019 due to the COVID-19 pandemic. It will be the largest decline…
Published on May 27, 2020
By Iris Barker
Economics
Bank of Canada: Economic recovery will require significant stimulus
Bank of Canada intends to provide significant stimulus to the economy for the foreseeable future to help the country recover from the damage caused by the novel coronavirus pandemic, the…
Published on May 26, 2020
By Iris Barker
Economics
Second Infection Wave Fear Grip Investors As Global Economy Begin To Reopen
Failure to arrive at a COVID-19 treatment could prove a bit global economic “tripping point”.
Published on May 25, 2020
By Debaleena Bhattacharjee
Economics
German economy shows record fall in January-March
In the first quarter of 2020, the German economy contracted by 2.2% compared to the fourth quarter of 2019, according to the final data of the Federal Statistical Agency of…
Published on May 25, 2020
By Iris Barker
Economics
Argentina Defaults On Debt, Negotiations With Creditors For Debt Restructuring Ongoing
Crisis hit South American economy of Argentina defaulted on payments on about $500 million of bonds coupons on Friday, whose payments had already been delayed. According to reports from creditors
Published on May 23, 2020
By Debdutta Ghosh
Economics
Trump Urged By US Business Groups To Allow Visas For Skilled-Worker Amid Pandemic
There will be negative economic consequences for the United States if the US President Donald Trump goes ahead and implements his planned restrictions on temporary work visas to the country,
Published on May 23, 2020
By Debdutta Ghosh
Economics
Economic Growth Target Not Announced By China For First Time In Three Decades
For the first time in three decades, the Chinese government has skipped setting that goal in its annual projections and plans as the country’s Premier Li Keqiang did not announce
Published on May 22, 2020
By Debdutta Ghosh
Economics
‘Taking Advantage Of Long-Term Rates’: Mnuchin
The U.S. won’t be buying back debt but could borrow long-term money.
Published on May 21, 2020
By Debaleena Bhattacharjee
Economics
IEA Predicts Drop In Global Green Energy Growth For The First Time In Two Decades
According to the predictions of the International Energy Agency, there will be an annual decline in the growth in new renewable energy capacity globally for the current year of 2020
Published on May 21, 2020
By Debdutta Ghosh
Economics
UK places government bonds with negative yield
On Wednesday, the UK placed government bonds maturing in July 2023 in the amount of 3.8 billion pounds ($ 4.66 billion).
Published on May 20, 2020
By Iris Barker
Economics
Global Economy Not To Recover As Soon As Was Previously Expected: IMF
According to the head of the Managing Director of the International Monetary Fund,m Kristalina Georgieva, a much longer time period than previously expected for a complete recovery of the global
Published on May 20, 2020
By Debdutta Ghosh
Economics
Japanese Economy Has Entered A Technical Recession With Worse Expected
The coronavirus pandemic has pushed the Japanese economy into a recession and analysts predict that things are going to get worse for the economy. According to government data released Monday,
Published on May 20, 2020
By Debdutta Ghosh
Economics
US to cut shale oil production by 2.5% in June – EIA
Shale oil production in the largest oil and gas producing regions of the United States in June will decrease compared with May by 197 thousand barrels per day, or 2.5%,…
Published on May 18, 2020
By Iris Barker
Economics
Paris and Berlin more than ever at the heart of European defense industry
The idea of an integrated European defense had been hovering in the air for so long that many had given up on the hope that it would ever come through.…
Published on May 16, 2020
By Editorial Team
