The impact of the novel coronavirus pandemic on the global economy has resulted in Japan losing out 32.1 per cent of its current account surplus in the month of March due to a slump in export and travel restrictions, said… Read More ›
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State Aid By Countries ‘Unlevelling The Playing Field’ In Europe, Warns EU Commission President
Companies in the richer European countries such as Germany are being given an unfair advantage because of the relaxing of the state aid rules of the European Union, said European Commission president Ursula von der Leyen, while calling for an… Read More ›
Insurers Reveal Extent Of Coronavirus Related Insurance Claims
Insurance market Lloyd’s of London has said it expects insurance claims from coronavirus related issues to be between $3bn and $4.3bn. That would be the highest insurance claims since the Twin Tower attacks on 11 September 2001 in the US…. Read More ›
Free Trade Negotiations With Japan To Ne Started By The UK
After launching trade agreement negotiations with the United States and the European Union simultaneously, the United Kingdom has now wants to start trade negotiations with Japan and published its negotiating objectives to strike a free trade agreement. The UK’s Department… Read More ›
FBI Says Research On Coronavirus Vaccine Targeted By Chinese Hackers
According to explosive reports published in two newspapers in the United States, research on developing a vaccine against coronavirus are being attempted to be hacked by Chinese hackers, according to alarms raised by the US Federal Bureau of Investigation and… Read More ›
India Announces $266 Billion Package For Supporting Economy Hit By Covid-19
The Indian government has announced a $266 billion assistance package to support its economy which has been hit by the novel coronavirus pandemic. The headline figure was announced by the Indian Prime Minister Narendra Modi through a national address on… Read More ›
US Job Loss At 14.7%, Highest Ever Since Great Depression
The extent of the economic hit of the coronavirus pandemic in the United States became clearer after reports of the unemployment rate in the country rising to 14.7 per cent. In April alone, 20.5 million jobs were lost in country…. Read More ›
Coronavirus Lockdown Hits Tea Harvesting
The novel coronavirus pandemic is set to hit the tea producers of the world as the disease and the related lockdowns and social distancing norms have resulted in a shutdown of the harvest in several important regions, including picking of… Read More ›
Tainted Samsung Leader Pledges Not To Hand Over Management To His Children
The future management of Samsung will not be handed over to his children by him, said the South Korean electronic giant’s de facto leader Lee Jae-yong. This announcement was made by the billionaire Samsung vice chairman, who is the son… Read More ›
EU Commission Forecasts Record Recession For Euro Zone
According to the forecast of the European Commission, there will be a contraction of a record 7.7 per cent for the current year in the euro zone economy because of the economic impact of the novel coronavirus pandemic. The Commission… Read More ›
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