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China becomes first economy to grow since coronavirus pandemic

by pallanus | Jul 16, 2020 | Business News

China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2 per cent expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened. Growth reported Thursday...

Coronavirus pandemic biggest test of robustness, resilience of India’s economic system: RBI

by pallanus | Jul 11, 2020 | Business News

Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the novel coronavirus pandemic is so far the “biggest test of robustness and resilience of our [India’s] economic and financial system”. “Coronavirus pandemic perhaps...

Coronavirus pandemic plunges working world into crisis: ILO

by pallanus | Jul 8, 2020 | Business News

The outlook for the global labour market in the second half of 2020 is “highly uncertain” and the forecast recovery will not be enough for employment to return to pre-pandemic levels this year, the ILO said last week. International Labour Organization (ILO)...

70% of Indian startups reeling under pandemic aftermath, reveals FICCI’s nationwide survey

by pallanus | Jul 5, 2020 | Business News

Startups in India are suffering dearly because of the novel coronavirus. An alarming 70 per cent of startups across the country have been impacted by Covid-19 while as many 12 per cent have had to halt operations altogether. Investors have put decisions on hold, said...

Oil prices creep up on demand recovery, tempered by coronavirus pandemic

by pallanus | Jun 26, 2020 | Business News

Oil prices rose on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide, despite a surge in coronavirus infections in some US states and indications of a revival in US crude production. US West Texas Intermediate (WTI) crude...
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