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Coronavirus pandemic sparks crisis like no other, global GDP to plunge 4.9% this year: IMF

by pallanus | Jun 25, 2020 | Business News

The International Monetary Fund (IMF) on Wednesday laid out the unprecedented economic devastation caused by the novel coronavirus pandemic, as the World Health Organisation (WHO) said it expects the number of global infections to soon hit 10 million and cases surge...

IndiGo parent posts quarterly loss as costs rise, flags pandemic hit

by pallanus | Jun 2, 2020 | Business News

Interglobe Aviation Ltd, which had been grappling with higher maintenance costs at the carrier amid slowing demand, was forced to halt all operations as India went into a lockdown in March to curb the spread of the coronavirus. File photo: Reuters The parent of...

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

by pallanus | May 27, 2020 | Business News

Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday. The 117...

Global shares up as recovery hopes overshadow worries over coronavirus pandemic

by pallanus | May 26, 2020 | Business News

Global shares rose on Tuesday as hopes for economic recovery overshadowed worries over the novel coronavirus pandemic. Investors are shifting their focus to how various nations are adapting to getting back to business, while striving to keep new Covid-19 cases in...

China’s trade faces ‘unprecedented’ challenges amid pandemic: Commerce minister

by pallanus | May 18, 2020 | Business News

Global demand has slumped significantly due to the coronavirus outbreak and trade faces unprecedented challenges, China’s commerce minister said on Monday. Image for Representation Global demand has slumped significantly due to the coronavirus outbreak and trade...
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