Economics

For a second straight week now, the number of Americans who have filed for claims for unemployment benefits has potentially set another all time record as stay at home orders

Following a collapse the factory activity in China in February, there has been a surprise expansion of the activity in the country for the month of March. However analysts cautioned

The devastating impact of the coronavirus pandemic gripping almost the entire of the world in the months of February and March has resulted in a 28 per cent drop in

Price of Mexican oil exports fell by another 20% on the first day after the weekend, stopping at $ 10.37 by the end of the day, Pemex Oil Corporation said.

A shortage of gold bars and coins on the market has arisen due to the coronavirus outbreak in the United States, The Wall Street Journal writes. According to the newspaper,…

While offering more than $3 trillion in loans and asset purchases within a few recent weeks to help the economy to ride with the economic impact of the coronavirus pandemic,

The coronavirus pandemic bringing down global demand for oil as well as the breakdown of the production pact between the oil cartel OPEC and Russia and other oil producers earlier

The world is on the verge of running out of free space for storing unclaimed oil - this will happen in just three months, according to industry experts quoted by…

Saudi Arabia is holding no talks with Russia on striking a deal to create a balance in the global oil market, the kingdom said on Friday, even though there is

South Korean electronics giant Samsung Electronics Co Ltd had pinned its hopes and plans of making inroads into the lucrative Japanese market on the 2020 Tokyo Olympics games. Currently its

The lockdowns in countries all across the world to combat the spread of the deadly coronavirus pandemic has dashed oil demand causing a huge slump in global refinery business even

While economists and analysts agree that the United States economy has slipped into a recession, they are wondering how much worse can the situation get. An entire generation of Americans

European Union leaders gave themselves two more weeks to work out details for providing support for their economies that have been hit by hard by the coronavirus pandemic as the

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…

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

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…

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

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 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…

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

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…

Due to the situation with coronavirus, Apple is closing its stores outside of Greater China (mainland China, Hong Kong, Macau and Taiwan) until March 27, the company’s website said in…

United States president Donald Trump is facing calls for cutting tariffs on Chinese and other imported goods from industry groups, lawmakers and even some government officials because of the economic

On Friday, the Financial Services Commission of South Korea announced a temporary ban on the sale of uncovered shares for six months due to market instability caused by the COVID-2019…

The ECB, at its scheduled meeting on Thursday, March 12, kept all rates at the same level, but announced an additional asset repurchase of € 120 billion; the Reserve Bank…

Italians have been directed to stay back home and venture out only for emergencies or essential work-related purposes in order to prevent the spread of the virus even as the

The announcement of the coronavirus pandemic pulled down the US stock market. Major stock indices fell by a few percent.

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

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

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.

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…

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…

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 negotiating mandate for talks with the European Union that has been recently unveiled by the United Kingdom for the Brexit talks is reportedly not what Brussels wants in a

According to the World Travel and Tourism Council, a significant drop in spending by Chinese tourists because of the travel restrictions imposed on travelling to and from China as well

The collapse in the oil market continues. The coronavirus spreading around the world is crushing the market: the epidemic will lead to the shutdown of enterprises, lower fuel consumption and,…

Oil quotes continue to decline on Thursday morning after they reached lows in the last 13 months on Wednesday. They continue to be pressured by fears that the epidemic of…

After the United States president Donald Trump completed his two day visit to India, the White House has said that Trump and the Indian Prime Minister Narendra Modi have decidedly

Hundreds of thousands of migrant workers returning to work in the main manufacturing hubs in the east and south of China as coronavirus related travel curbs are being eased in

European Commission President Ursula von der Leyen said that work on the EU’s seven-year budget is expected to continue until the end of this year.

A step closer to the creation of the central bank digital currency (CBDC) of the world was taken after Sweden’s Riksbank started test runs for an e-krona. This was announced

Orders for manufacturing equipment in Japan have been falling at the fastest pace since 2018. Japan's exports showed a decline for the 14th consecutive month.