FRANKFURT/LONDON/PARIS: US investment banks are shrinking lending activity in Europe as the coronavirus crisis forces them to retreat home, allowing BNP Paribas and...
FRANKFURT/LONDON/PARIS: US investment banks are shrinking lending activity in Europe as the coronavirus crisis forces them to retreat home, allowing BNP Paribas and...
Go Airlines India has asked as many as 90% of its 5,500 employees to go on indefinite leave without pay, as a government...
FRANKFURT: Politicians in German Chancellor Angela Merkel's coalition government on Sunday signalled further support for struggling businesses and consumers in the coronavirus crisis,...
Beirut: Lebanese banks will apply an exchange rate of 2,600 pounds per dollar for withdrawals from accounts of up to 5 million Lebanese...
NEW DELHI: Big U.S. tech firms such as Google and Facebook plan to seek deferment of a new Indian digital tax, which has...
Montreal: Air Canada announced Monday it would temporarily lay off nearly half of its employees and reduce activity by up to 90 percent...
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Monday related to...
TORONTO: Canada announced Monday it is effectively nationalizing many private payrolls by offering businesses large and small a 75% wage subsidy for their...
Russia’s central bank, the world’s biggest bullion buyer, will stop domestic gold purchases starting next month. The central bank didn’t explain the move,...
BRASILIA: The fiscal reforms championed by Brazilian Economy Minister Paulo Guedes may be dead, but the austerity-bound thinking behind them is alive and...
The past century of global economic integration through trade has been a steady march of progress, from trucks to pallets, from container ships...
WASHINGTON: The U.S. House of Representatives on Friday approved a $2.2 trillion aid package - the largest in American history - to help...
RIO DE JANEIRO: Nespresso, the maker of coffee brewing pods and machines, found child labor at three farms where it buys coffee in...
ZURICH: The Swiss government and central bank will begin pouring money from Thursday into a slowing economy to prevent it from crumbling under...
WASHINGTON: The spread of the coronavirus into sub-Saharan Africa will hit the region's economic growth hard, with direct disruptions to people's livelihoods, tighter...
ZURICH: The Swiss government and Swiss National Bank (SNB) began pouring money into a sharply slowing economy hit hard by the coronavirus epidemic....
LONDON/BOSTON: Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up, as investors...
ISTANBUL: The global tourism industry is set to incur losses of $1 trillion from the coronavirus outbreak, said the head of the World...
