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 ›
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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 ›
Lufthansa in advanced talks for $9.9 billion rescue package with state government
On Thursday, German airline Lufthansa stated, it is in advanced talks with the German government’s economic stabilization fund over a rescue deal worth up to $9.9 billion (9 billion euros); the deal potentially includes the German state taking a 20%… Read More ›
ECB’s New Guidelines For Banks To Assess And Disclose Their Climate Risk Exposure
Banks in Europe will be asked to assess and then disclose the climate related risks of their lending portfolio by European Central Bank (ECB). This measure by the central bank of the European Union could also prompt EU based banks… Read More ›
New YouGov Report Paints Worse Than Thought Picture Of UK Gambling Addiction
A new research work in the United Kingdom has warned that the rate of gambling addiction could be much higher in the country than believed previously. The report also claimed that almost half of the people who have developed the… Read More ›
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