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 ›
Regulations & Legal
JAMA Study Finds Just Two Weeks Taken For Recovery For Most Kids With Covid-19
According to a study published in JAMA Pediatrics on Wednesday, only mild symptoms are developed in most kids infected with the coronavirus and the infected children typically recover completely within just two weeks. The study however also noted that some… Read More ›
Missouri’s Attorney General Eric Schmitt files lawsuit against Chinese government, Chinese Communist Party, and other Chinese officials over COVID-19 pandemic
In yet another lawsuit against the Chinese government that has resulted as a result of the coronavirus which emerged from Wuhan China, the office of Missouri’s Attorney General Eric Schmitt stated, it had filed a lawsuit in the U.S. District… Read More ›
Furloughs, Layoffs Or Wage Cuts Threaten About 60 Million Europeans: McKinsey Report
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 ›
Germany’s Coronavirus Related Stimulus Package Is Far Greater Than All Other Countries
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 ›
1.5 trillion euros required for small & medium sized companies for mitigating coronavirus crisis: EU Economics Commissioner
In an interview to German magazine Der Spiegel, the European Union’s Economics Commissioner Paolo Gentiloni said, the EU would need around $1.63 trillion (1.5 trillion euros) to mitigate issues revolving around the coronavirus crisis. “The Eurogroup has now made proposals… Read More ›
Forecast For Global Recession May Be Optimistic, Says IMF Chief
For the relatively new managing director of the International Monetary Fund, Kristalina Georgieva, a tricky question is set to cloud clarity of strategy formation – how does a bp0dy such as the IMF co-ordinate economic policy across the world when… Read More ›
Falling Global Oil Prices To Cause Sharp Decline In US Shale Production
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 ›
Global Economy Could Face A ‘Double Recession’ Due To Coronavirus
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 ›
Post-Brexit Trade Talks Could Be Derailed By The Coronavirus Crisis
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 ›