Guarantees for almost a third of the 7l3 billion yen ($6.65 billion) in loans that Japans auto making giant Nissan Motor Co has managed to secure form some of its main debtors to tide over the economic hit of the… Read More ›
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UN Delays Glasgow Cop26 Climate Talks By A Year
The novel coronavirus pandemic has delayed by a year the global talks aimed at addressing the threat of climate breakdown. The United Nations has said that the talks will now be held in November 2021. Cop26, the official name of… Read More ›
15 Billion Euro Proposed By EU For Supporting Strategic Firms
The European Commission aims to make investments in strategic businesses and companies that have been wrecked by the novel coronavirus pandemic and the executive arm of the European Union has proposed to set aside a fund of 15-billion-euros for that… Read More ›
A 20% Contraction In French Economy Likely In Second Quarter -INSEE
According to the estimates of the INSEE official statistics agency published earlier this week, there can be a contraction of up to 20 per cent in the second quarter compared to the previous three months for the French economy as… Read More ›
A Fresh $1.1 Trillion Stimulus Approved By Japan For Pandemic Hit Economy
A new $1.1 trillion stimulus package to stimulate the economy battered by the novel coronavirus pandemic was announced by Japan which includes plans for a significant amount to be spent in direct spending. These plans gave been approved by the… Read More ›
Almost No Cars Were Made In The UK In April Due To Pandemic Hit
There was a 99.7 per cent year on year drop in car manufacturing in Britain in the month of April because of the novel coronavirus related shutdowns. According to the industry body, Society of Motor Manufacturers and Traders (SMMT), the… Read More ›
IEA Warns Of Record Drop In Investments In Energy Projects In 2020
The largest drop in the investment in the history of global energy is being engineered by the novel coornavirus pandemic. According to the International Energy Agency (IEA), investment in global energy expected to increase by 2 per cent before the… Read More ›
China Targets Australian Exports In Retaliation To Calls For Coronavirus Investigation
It did not take long for China to strike back against Australia after Australia demanded the constitution of an international investigation into the origins of the coronavirus pandemic. On a Sunday morning television show in late April, support for an… Read More ›
Slowing Down China And India Raises Uncertainty Of Global Economic Revival
China and India have driven much of the global growth since the global financial meltdown of 2008. But following the novel coronavirus pandemic, economic activity in both countries has plunged which has raised the risk of prolongation of the expected… Read More ›
This Indian Firm Could Be Key To A Covid-19 Vaccine Reaching Corners Of The World
India’s Serum Institute, the largest manufacturer of vaccines in the world by volume, could be the key to production of Covid-19 vaccines. This institute is currently working with a number of candidates for a vaccine for the novel coronavirus –… Read More ›
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