The damaging impact of the novel coronavirus pandemic on companies has been prolonged and therefore the government support focused on loans needs to be shifted to “equity-like” support from the government, urged the Chief Economist at the International Monetary Fund,… Read More ›
Day: July 10, 2020
UN Summit: Coronavirus Effect On Global Job Scenario Discussed By Global Leaders
Calls for a comprehensive approach to address the impact of the novel coornavirus pandemic was given by global leaders at a summit of the United Nations labour agency. Covid-19 had plunged the world of work into “unprecedented crisis”, said Guy… Read More ›
European Council President Charles Michel proposes 5 billion euros Brexit adjustment fund
On Friday, European Council President Charles Michel said, the Brexit negotiations were certainly not easy and that countries, regions and industries will face disruptions from 2021 regardless of whether there is a deal or not. He also laid out a… Read More ›
U.S. approves $620M weapon systems upgrade for Taiwan
In a statement, the U.S. State Department said, a military package, related to the upgrading Patriot surface-to-air missiles, worth $620 million has been approved for Taiwan, in the latest move designed to bolster defenses against threats emanating from China. The… Read More ›
Aviation industry suffered $4.89 billion loss during Q2: China’s Civil Aviation Administration of China
On Friday, data released by China’s Civil Aviation Administration of China (CAAC) shows, the country’s aviation industry suffered a $4.89 billion (34.25 billion yuan) loss during the second quarter, which incidentally is only slightly smaller than the one it suffered… Read More ›