The impact of the coronavirus pandemic on consumer demand and exports in South Korea forced its economy into the most severe contraction since the 2008 financial crisis. Analysts fear that the worst for the economy is yet to come. According… Read More ›
The economic impact because of the novel coronavirus pandemic on the American economy continues to pile up – evident from a fresh batch of about 4.4 million Americans filing for unemployment benefits last week. The total; number of applications for… Read More ›
According to three U.S. sources, China is preparing to purchase 30 million tonnes of U.S. crops for stockpiling to help protect itself from supply chain disruptions due to the coronavirus pandemic. The potential move is also in line with its… Read More ›
In an attempt to minimize its dependency on China, the global rare earth leader, the U.S. government plans to fund domestic rare earths projects. Rare earths are a group of 17 minerals used widely in a plethora of consumer electronics… Read More ›
According to a latest report by McKinsey, the coronavirus pandemic in Europe could threaten jobs of almost 60 million people across the European Union and the United Kingdom. If the pandemic is not contained soon enough, the rate of unemployment… Read More ›
According to a conclusion of a new study, much more money, on a relative basis, is being spent by Germany than many other countries such as the United States in its efforts to counter the economic impact of the novel… Read More ›
Germany has followed, France, UK and the United States in their search to find the source of the coronavirus following the virus going pandemic and imposing a humongous economic cost on the global economy. Bild, a major German newspaper has… Read More ›
The collapse in the global oil prices is expected to reduce the production of shale oil by more than 2 million barrels a day because many of the oil producers in the country have been forced to shut down their… Read More ›
The IMF has already warned that the impending global economic recession because of the coronavirus pandemic is likely to be worse than the 2008 global financial crisis and at par with the Great Depression of the 1930s. . But according… Read More ›
According to analysts, the coronavirus pandemic raging through Europe threatens to slow down official talks on Brexit which makes it unlikely that the United Kingdom will be able to come to a formal agreement with the European Union on a… Read More ›
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