Economy

Global debt rose sharply in first 9 months of 2020 amid pandemic

Nov 19, 2020 12:16

Global debt increased at a breakneck pace in the first nine months of the year as governments and companies continue to spend in response to the COVID-19 pandemic, new research shows.
Iran, Russia-led trade bloc push regional convergence

Nov 17, 2020 11:32

Representatives of the Eurasian Economic Union (EAEU), a trade bloc with an integrated market of 180 million people, are attending a conference in Iran’s port city of Anzali on the Caspian Sea to enhance regional convergence in economic and transit relations.
Trump administration unveils move to crack down on US investments in Chinese firms

Nov 13, 2020 04:51

The administration of President Donald Trump has unveiled an executive order banning US investments in Chinese firms that Washington says are owned or controlled by the Chinese military.
Billions locked in troubled Lebanese banks behind economic crisis: Syrian President

Nov 05, 2020 09:37

Syrian President Bashar al-Assad has blamed the financial downfall in neighboring Lebanon and not the sweeping US sanctions as the root cause of the ongoing economic crisis in the war-torn country.
France urges EU to impose WTO state aid sanctions over Boeing

Oct 16, 2020 12:45

French Finance Minister Bruno Le Maire has urged the European Union to slap sanctions on the United States in their dispute over state aid for Boeing and Airbus.
US economy contracts at 31.4% in second quarter of 2020

Sep 30, 2020 14:06

The US economy has witnessed sharpest contraction in decades during the second quarter of 2020 due to the coronavirus pandemic.
Qatar Airways got $1.95 billion government lifeline after losses widened

Sep 27, 2020 12:24

Qatar Airways received a 7.3 billion riyals ($1.95 billion) lifeline from the Qatar government after losing 7 billion riyals in the year to March 31, the state-owned group disclosed on Sunday.
Global income from work dropped by $3.5 trillion due to virus

Sep 24, 2020 08:57

Income earned from work globally had a drop of an estimated 10.7%, or $3.5 trillion, in the first nine months of 2020 in comparison to the same period a year ago, the International Labour Organization (ILO) said on Wednesday.
IMF chief warns global economy 'not out of the woods'

Jul 16, 2020 05:55

IMF chief Kristalina Georgieva has warned of a possible second wave of the coronavirus, urging countries around the world to keep their support programs in place.
World economy to contract at least 6% in 2020: OECD

Jun 10, 2020 10:24

The global economy will contract at least six percent this year, with the unprecedented loss of income and "extraordinary uncertainty" caused by measures to contain the coronavirus outbreak, the Organization for Economic Cooperation and Development (OECD) says.