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Sunday, July 5, 2020

Coronavirus and personal debt: the Americans living on a ‘knife edge’

“One of the scariest things for people, even people who are managing, who are making payments, is that their budget is balanced on a knife edge,” says Lara Briehl, a debt counsellor in Washington state. “If they lose any source of income, the whole...

Can the German economy pull Europe out of the coronavirus crisis?

When the coronavirus pandemic hit, Bauer Group, an industrial compressor-maker based in Munich, tore up its business plan and wrote a new one. With its big clients in the automotive industry laid low, it pivoted to other, more crisis-resistant customers in research institutes and the...

Global economy expected to shrink by 5.2% in 2020 due to COVID-19

The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year. Global Poverty: Using the newly launched growth...

Investing in Africa’s People Yields Impact, Strengthens Efforts to Beat Pandemic

Every sunset, Salamatu Bangura makes her way down to the shores of Bonga Wharf, about 20 miles southeast of Freetown, Sierra Leone. There, she greets the pink skies and familiar faces of the fishermen who loan her fish that she will later sell at...

COVID-19: Global economy to shrink by 5.2% –W’Bank

The World Bank has projected that the global economy will shrink by 5.2 per cent this year as a result of “swift and massive shock” of the COVID- 19 pandemic. According to the bank, that would represent the “deepest recession since the World War...

Brazil central bank chief resists using new QE powers

Campos Neto says he will not employ measures until traditional tools have been exhausted

Emerging economies forecast to shrink for first time in 60 years

Millions will be thrown intoextreme poverty by coronavirus, World Bank warns

Fed faces tricky balancing act in recession response

Fed faces tricky balancing act in recession response

Nigeria’s President Buhari endorse Ngozi Okonjo-Iweala for World Trade Organization top job

Nigerian President Muhammadu Buhari nominated Ngozi Okonjo-Iweala as the nation’s candidate to be director-general of the World Trade Organization. Tolu Ogunlesi, an assistant to the president of Africa’s biggest economy, announced the nomination on his Twitter account. Brazilian Director-General Roberto Azevedo in May said he plans...

Trump threatens China over new Hong Kong security law

James Pomfret, Yew Lun Tian HONG KONG/BEIJING (Reuters) - China is set to impose new national security legislation on Hong Kong after last year’s pro-democracy unrest, a Chinese official said on Thursday, drawing a warning from President Donald Trump that the United States would react...
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