Search results for: global

China's economy seen growing 2.2 per cent in 2020

REUTERS 2020-07-28 13:46:31

China’s economy is expected to recover steadily in the rest of the year, boosted by stimulus measures to reverse the damage from the coronavirus crisis, but weak global demand and rising Sino-US...

UN chief calls for efforts to build sustainable cities amid pandemic

-- 2020-07-28 12:51:00

UN Secretary-General Antonio Guterres on Tuesday called for efforts to build sustainable cities amid the Covid-19 pandemic. In a video message for the launch of his policy brief on Covid-19 and citie...

Euro zone economy not yet out of danger from Covid-19: ECB's Panetta

-- 2020-07-27 13:50:34

The danger to the euro zone economy from the coronavirus (Covid-19) pandemic is not yet over, European Central Bank board member Fabio Panetta told La Repubblica, adding that he saw no need to make an...

Singapore's manufacturing output declines 6.7pc on year in June

-- 2020-07-24 12:20:35

Singapore Economic Development Board announced on Friday that the country's manufacturing output decreased 6.7 per cent year on year in June, compared to a revised 8.1 per cent decrease in May. In th...

Asia shares stymied by Sino-US spat, euro stays buoyant

REUTERS 2020-07-24 11:29:11

Asian shares slipped from six-month peaks on Friday as Sino-US tensions soured what had been an upbeat week, while the euro held a 21-month top against an embattled dollar and gold neared a record hig...

100m people likely to enter extreme poverty globally in 2020: UN

UNB 2020-07-23 12:14:47

UN deputy chief Amina Mohammed has said as many as 100 million people are expected to be pushed back into extreme poverty in 2020, the first rise in global poverty since 1998. “We need all hand...

South Korea enters recession as exports plunge by most since 1963

-- 2020-07-23 10:39:09

South Korea plunged into recession in the second quarter in its worst economic decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralysed facto...

IMF calls for protecting women's economic opportunities

-- 2020-07-22 12:10:59

The International Monetary Fund (IMF) has urged the policymakers to take effective steps to limit the coronavirus pandemic's scarring effects on women. Citing that COVID-19 pandemic threatens to roll...

Maldives to lower rents for tourism industry

-- 2020-07-21 15:15:32

The Maldives' government will lower rents for lands leased for tourism-related activities in order to boost investment, local media citing Minister of Economic Development Fayyaz Ismail has said. Ism...

EU recovery fund sends shares, euro to four-month highs

REUTERS 2020-07-21 15:08:53

World shares and the euro hit their strongest levels since March on Tuesday after European Union leaders sealed a 750 billion euro ($857 billion) post-pandemic stimulus plan after a marathon five-day...

EU reaches deal on post-pandemic recovery after marathon summit

-- 2020-07-21 10:41:54

European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into...

Euro zone current account surplus narrows again

-- 2020-07-20 16:21:27

The current account surplus of the 19 countries sharing the euro narrowed to 7.95 billion euros in May from 14.27 billion euros in April on a big outflow of secondary income, which includes transfers...

EU leaders show first signs of compromise on stimulus plan

REUTERS 2020-07-20 16:11:19

Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2.0 trillion) coronavirus stimulus plan on Monday as talks in Brussels extended to a...

Asian shares stumble ahead of EU summit, US stimulus talks

REUTERS 2020-07-20 11:08:31

Asian shares were downbeat on Monday with oil and copper also soft, as a spike in global coronavirus cases hung over markets awaiting efforts from the euro zone and United States to stitch together fi...

Covid-19: EU recovery summit remains deadlocked

REUTERS 2020-07-20 10:05:43

EU leaders stood at an impasse on Monday after three days of haggling over a plan to revive economies throttled by the Covid-19 pandemic, but the chairman of their near-record-length summit urged them...

Brazil's Bolsonaro says coronavirus restrictions kill economy

REUTERS 2020-07-19 13:30:38

Brazilian President Jair Bolsonaro said on Saturday that lockdown measures used to curb the spread of the novel coronavirus “kill” and have “suffocated” the country’s eco...

Public health response remains key priority to protect economic activity: IMF

FE ONLINE DESK 2020-07-19 12:16:32

As countries around the world struggle to strike a balance between lives, jobs and economies amid the continuing impact of the coronavirus pandemic, the International Monetary Fund (IMF)’s Manag...

Call for comprehensive emergency debt relief to combat COVID-19

-- 2020-07-18 19:26:30

Global businesses, workers and civil society organisations have called for comprehensive emergency debt relief to enable all countries in need to combat the COVID-19 pandemic. The G20 finance ministe...

China's economic rebound good news for Southeast Asian nations, says economist

Xinhua 2020-07-18 17:43:47

China's economic growth is likely to benefit Southeast Asian nations as the country commands a "lion's share" of regional exports, CNBC quoted an economist as saying on Thursday. Wellian Wiranto, an...

Asia stocks rebound as hopes of more stimulus offset virus worries

REUTERS 2020-07-17 13:38:06

Asian shares eked out gains and US stock futures bounced back on Friday as hopes of more government spending around the globe outweighed concerns about rising coronavirus infections and worsening tens...

UiPath raises $225m Series E Funding Round

FE Online Desk 2020-07-16 18:09:36

The leading Robotic Process Automation (RPA) company, UiPath, announced it has closed its Series E investment round, raising $225 million at a post-money valuation of $10.2 billion. The round was led...

China's GDP expands 3.2pc in second quarter

Xinhua 2020-07-16 15:44:39

China's gross domestic product (GDP) expanded 3.2 per cent year on year in the second quarter (Q2) of 2020, data from the National Bureau of Statistics (NBS) showed Thursday. In the first half of thi...

IMF chief warns global economy 'not out of the woods'

REUTERS 2020-07-16 11:56:36

Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, the International...

V-shaped rebound expected in China

Global Times 2020-07-15 16:33:34

After turning in its first contraction on record in the first quarter amid the epidemic, China's economy is back on a growth track in the second quarter, market estimates collected by the Global Times...

US Fed warns of deep uncertainty amid resurgence in Covid-19 cases

-- 2020-07-15 13:13:06

Amid a recent resurgence in Covid-19 cases, a US Federal Reserve official has warned of "a thick fog of uncertainty," noting that the economic recovery is likely to face headwinds. "The recent resurg...

ADB to hold annual meeting’s 2nd stage virtually in September

-- 2020-07-14 17:02:42

The Asian Development Bank (ADB) will hold the second stage of its 53rd annual meeting as a virtual event on September 17 to 18. The event will include a formal business session and selected knowledg...

Global small businesses struggle for survival amid pandemic

-- 2020-07-14 14:48:18

Millions of small businesses around the globe struggle to survive during the Covid-19 pandemic. More than three months had dragged by since the coronavirus forced Chandan Shekhar to shut down his bus...

UK economy begins tepid recovery in May after record slump

REUTERS 2020-07-14 12:54:54

Britain’s economy took a first step on the long road to recovery from the Covid-19 crisis in May, as activity began to pick up after lockdown restrictions began to ease. Gross domestic product...

Pandemic knocks Singapore into recession with record 41pc GDP plunge

REUTERS 2020-07-14 12:08:31

Singapore’s economy suffered a record contraction in the second quarter, tipping it into recession and putting the trade-reliant city-state on course for its worst ever slump this year as the co...

Pause, reflect: Five questions for the ECB

REUTERS 2020-07-13 16:04:13

For the first time in months, the European Central Bank has reason to break from crisis-fighting mode — economic activity is picking up after the Covid-19 hit, markets are stable and agreement o...