The European Union has finalized the creation of fund that will be able to raise at least 1 trillion euros or $1.1 trillion which will be spent in supporting and helping EU’s regional economies that have been significantly damaged by… Read More ›
Regulations & Legal
Worst Contraction Since Great Recession Recorded By South Korea’s Economy
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 ›
Unemployment Claims In US Cross 26.4 Million Amid Pandemic Crisis
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 ›
China plans on buying 30M tons of U.S. crops for adding to strategic reserves
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 ›
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 ›
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