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The Financial Express

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Tunisia economy expected to contract by 4.3pc in 2020

Tunisia economy expected to contract by 4.3pc in 2020

-- 2020-04-11 11:00:53

Tunisia’s economy is expected to contract by 4.3 per cent in 2020 amid the coronavirus crisis, the deepest contraction since its independence in 1956, the International Monetary Fund (IMF) sai...

French coronavirus toll over 13,000 as nursing home deaths jump

French coronavirus toll over 13,000 as nursing home deaths jump

-- 2020-04-11 09:54:28

The number of people who have died from coronavirus infection in France jumped by nearly 987 or 8 per cent to 13,197 as nursing home deaths swelled but fewer people were in intensive care as the effec...

China to take global lead in economic recovery: analysts

China to take global lead in economic recovery: analysts

Global Times 2020-04-10 19:58:33

Even after the city lockdown was lifted, Liu Qi, a taxi driver in Wuhan, Central China's Hubei Province, said he only had half the number of fares compared with before the coronavirus pandemic, as res...

Mastercard advocates sufficiently high contactless payments limits

Mastercard advocates sufficiently high contactless payments limits

FE Online Desk 2020-04-10 19:37:39

Mastercard’s unwavering commitment to making transactions more convenient, safe and seamless through tap-and-go card payments has taken on new urgency and importance as the spread of COVID-19 hi...

US weekly jobless claims hit 6.6 million

US weekly jobless claims hit 6.6 million

-- 2020-04-10 11:15:15

The number of Americans seeking unemployment benefits has surged for a third week as the economic toll tied to the coronavirus (COVID-19) pandemic intensifies. More than 6.6 million people filed j...

Pandemic will unleash worst recession since Great Depression: IMF chief

Pandemic will unleash worst recession since Great Depression: IMF chief

-- 2020-04-09 22:06:47

The pandemic sweeping the world will turn global economic growth "sharply negative" in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, t...

After pandemic, Fed policymakers see slow US recovery

After pandemic, Fed policymakers see slow US recovery

REUTERS 2020-04-09 10:23:00

The US economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a sluggin...

Global trade may fall by even 32.0pc due to pandemic: WTO

Global trade may fall by even 32.0pc due to pandemic: WTO

FE Online Report 2020-04-08 20:31:55

Global trade may fall by between 13.0 per cent and 32.0 per cent in 2020 as the COVID-19 pandemic disrupts normal economic activity and life around the world, projects the World Trade Organization (WT...

Pandemic to wipe out 6.7pc of working hours globally in Q2

Pandemic to wipe out 6.7pc of working hours globally in Q2

FE Online Report 2020-04-08 16:57:05

The coronavirus (COVID-19) pandemic is likely to wipe out 6.7 per cent of working hours globally in the second quarter of 2020 - equivalent to 195 million full-time workers, according to the Internati...

China still needs to hold onto US Treasuries

China still needs to hold onto US Treasuries

Global Times 2020-04-08 16:20:49

There has been no short of calls for sell-off of US Treasuries in China over the past decade, but such a decision should by no means be a political one.The foremost reason why China cannot consider se...

Italy announces €400b stimulus plan

Italy announces €400b stimulus plan

-- 2020-04-07 11:40:06

Italy’s government has approved new emergency decree that will offer more than 400 billion euros (352 billion pounds) worth of liquidity and bank loans to companies hit by the coronavirus cris...

StanChart announces global measures to fight Covid-19

StanChart announces global measures to fight Covid-19

FE Online Desk 2020-04-06 18:48:47

  Standard Chartered (the Group) has recently announced a set of global measures to serve the present and long-term needs of its clients, communities and employees in the face of the COVID-19 pa...

World Bank sees 'major global recession' due to pandemic

World Bank sees 'major global recession' due to pandemic

REUTERS 2020-04-04 11:10:22

World Bank Group president David Malpass on Friday said the rapidly spreading COVID-19 pandemic was expected to cause a “major global recession” that would likely hit the poorest and most...

Coronavirus may halve GDP growth in developing Asia: ADB

Coronavirus may halve GDP growth in developing Asia: ADB

-- 2020-04-03 21:49:30

Developing Asia’s already slowing economic growth is set to weaken even more sharply this year, hit by the fallout from the coronavirus pandemic before it bounces back strongly next year, the As...

With over a million coronavirus cases, economic freefall looms

With over a million coronavirus cases, economic freefall looms

Reuters 2020-04-03 20:38:58

Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed on Friday, as death tolls soared in the United States and western Europe while the...

Emirates resumes first passenger flights April 6

Emirates resumes first passenger flights April 6

FE Online Desk 2020-04-03 18:29:37

Emirates has received approvals to carry passengers on certain flights. Effective from April 6, initial flights will commence from Dubai to London Heathrow, Frankfurt, Paris, Brussels and Zurich, wit...

When will US economy bottom? Economists hunt for the right view

When will US economy bottom? Economists hunt for the right view

REUTERS 2020-04-03 16:09:50

The economic crisis spawned by the coronavirus pandemic has produced a wave of grim US data, with likely more to come as millions lose jobs, businesses shutter and spending stops. But at some point,...

Asia's economy to decline sharply in 2020 due to COVID-19: ADB

Asia's economy to decline sharply in 2020 due to COVID-19: ADB

-- 2020-04-03 12:35:59

The regional economic growth in developing Asia will decline sharply in 2020 due to the effects of the COVID-19 pandemic before recovering in 2021, according to the Asian Development Bank (ADB. The...

India's growth to slow to 4pc in 2020

India's growth to slow to 4pc in 2020

-- 2020-04-03 12:19:58

India's gross domestic product (GDP) is projected to slow to 4.0 per cent in fiscal year (FY) 2020 ending on March 31, 2021 due to a weak global environment and continued efforts to contain the COVID-...

Philippine economic growth to fall to 2.0pc in 2020

Philippine economic growth to fall to 2.0pc in 2020

-- 2020-04-03 11:39:56

The Philippine economic growth is projected to fall to 2.0 per cent in 2020 before a strong recovery to 6.5 per cent in 2021, assuming COVID-19 outbreak is contained by June this year, said ADB. Acco...

Vietnam's industrial production up in first quarter

Vietnam's industrial production up in first quarter

-- 2020-04-03 11:20:21

Vietnam's national index of industrial production advanced 5.28 per cent year-on-year in the first quarter of this year, the country's General Statistics Office announced on Friday. The main driver o...

Global economy could shrink by 1.0pc in 2020: UN

Global economy could shrink by 1.0pc in 2020: UN

-- 2020-04-02 17:45:53

The global economy could shrink by up to 1 per cent in 2020 due to the COVID-19 pandemic, and may contract even further if restrictions on economic activities are extended without adequate fiscal resp...

Almost 900,000 Spanish workers lost their job since coronavirus lockdown

Almost 900,000 Spanish workers lost their job since coronavirus lockdown

-- 2020-04-02 14:46:35

Spain’s social security data showed on Thursday that close to 900,000 workers lost their job since March 12 when the country went on coronavirus lockdown. Some 898,822 workers lost their jobs s...

G20 finance ministers to deliver roadmap in response to COVID-19

G20 finance ministers to deliver roadmap in response to COVID-19

-- 2020-04-01 20:21:06

Finance ministers and central bank governors of the G20 member states has agreed on delivering a roadmap in response to the novel coronavirus. The ministers met on Tuesday through a virtual meeting f...

China to fully open asset management market as planned despite coronavirus

China to fully open asset management market as planned despite coronavirus

Global Times 2020-04-01 19:24:29

China will stick to the plan of opening its trillion-dollar asset management market to overseas institutions in April, a gesture that signals the country's determination to open up despite the coronav...

Huawei releases 2019 Annual Report

Huawei releases 2019 Annual Report

FE Online Desk 2020-04-01 16:56:31

Huawei released its 2019 Annual Report on Tuesday in Shenzhen, China, detailing a solid business performance. The company's global sales revenue in 2019 rounded off at CNY858.8 billion (USD 123 billi...

Asian shares hold on to gains but virus keeps markets on edge

Asian shares hold on to gains but virus keeps markets on edge

REUTERS 2020-04-01 12:45:38

Asian stocks clung to gains on Wednesday, helped by a bounce in Australian shares, but risks for equities remain large as the coronavirus pandemic rattles the underpinnings of the global economy. E-M...

Asia's factory activity plunges as virus shock deepens

Asia's factory activity plunges as virus shock deepens

Reuters 2020-04-01 11:54:20

Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralysed economic activity across the globe, with sharp falls in export power-houses Japan and South Korea...

UNCTAD seeks $2.5 trillion virus package for developing countries

UNCTAD seeks $2.5 trillion virus package for developing countries

FE Online Report 2020-03-31 16:14:25

In the face of a looming financial tsunami this year, due to spread of deadly coronavirus, an agency of the United Nations called for $2.50 trillion crisis package for developing countries including B...

Japan factory output growth slows in Feb

Japan factory output growth slows in Feb

-- 2020-03-31 14:17:51

Japan’s industrial output rose in February at a slower pace than the previous month and factories expect production to plunge in March, adding to growing signs the coronavirus pandemic is taki...