On Friday, in a statement Copenhagen said, Denmark will allow certain small businesses, including driving schools, beauty salons, and hairdressers to reopen on Monday, April 20. The order comes in the wake of lockdown aimed at reining in the footprint… 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 ›
Appeals for granting emergency loans from the International Monetary Fund have been made by almost half of the countries of the world to help them to counter the sharp economic crisis that has been imposed by the global coronavirus pandemic…. Read More ›
U.S. President Donald Trump said, data suggests that the United States has passed the peak on new coronavirus infections and that he would soon announce “new guidelines” for reopening the economy later today on Thursday. “The battle continues but the… Read More ›
With the coronavirus ravaging supply chains, a group representing U.S. manufacturers have had a discussion with Mexican President Andres Manuel Lopez Obrador to maintain and strengthen North America’s existing supply chain so as to provide a sustained and a strong… Read More ›
On Wednesday, the French government hiked the expected cost of measures required to support the economy though the coronavirus crisis to $120.6 billion (110 billion euros), said French finance minister Bruno Le Maire. “We are going to go from 45… Read More ›
According to veteran emerging markets investor Mark Mobius, global financial markets have probably not yet hit the “absolute bottom”. Therefore Mobius called on investors to keep enough cash at hand so that they can purchase stocks when the market goes… Read More ›
Chinese authorities are giving out cash to consumers in the country to prop up sale of new cars in the country to try and stage a turnaround in the auto sector of the largest auto market of the world which… Read More ›
In a statement, Walt Disney Co stated, it has entered into an unsecured credit agreement for $5 billion. The deal comes at a time when companies across industries are scrambling to bolster their liquidity to cope with the fallout of… Read More ›
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