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Indian economy set for deepest contraction this fiscal year: Poll

The Indian economy will suffer its deepest contraction on record this fiscal year and recent government stimulus does not go far enough to significantly boost activity depressed by the coronavirus pandemic, according to economists polled by Reuters. With over 7.6...

Virtual Indo-Pacific Business Forum registration opens

Registration for the October 28 and 29, 2020 virtual Indo-Pacific...

More than half of Europe’s small businesses fear for survival: Survey

Over half the small and medium-sized companies which together provide...

Kuwait passes law to cut expat numbers

Kuwait’s parliament has approved a law to reduce the number...

IMF cuts Asia's growth forecast

The International Monetary Fund slashed this year’s economic forecast for...

World trade rebounding slowly, outlook uncertain: UN report

The value of global trade is set to fall by...

Value of global trade set to fall by 7-9pc in 2020: UNCTAD

The value of global trade is set to fall by...

IMF officials call for strengthening cooperation to enhance cross-border payments

Senior officials at the International Monetary Fund (IMF) have called...

China’s economy sees quick recovery as consumption returns

China’s economic recovery accelerated in the third quarter as consumers...

Italy unveils new stimulus package to help virus-hit economy

Italy has approved a new stimulus package in its 2021...

Sri Lanka's central bank approves $966m business relief loans

The Central Bank of Sri Lanka (CBSL) has approved 966...

83pc women farmers of Africa, Asia lost livelihood amid pandemic

Some 83 per cent women farmers of 14 countries in...

IMF lifts China’s GDP forecast to 1.9pc in 2020

The IMF projects that China's GDP will grow by 1.9...

UN chief calls for investment in rural women to help build resilience to crises

United Nations Secretary-General Antonio Guterres has called for efforts to...

IMF fears higher debt burdens, poverty, inequality worldwide

The International Monetary Fund (IMF) has called the ongoing global...

IMF sees debt soaring but stabilising at 100pc of GDP; if pandemic eases, growth resumes

Massive government spending to battle the coronavirus pandemic will push...

WB readies $12b for Covid-19 vaccines, treatments in developing countries

The World Bank said its executive board approved on Tuesday...

IMF sees less severe global contraction but worsening outlook for many emerging markets

The International Monetary Fund on Tuesday said forecasts for the...

Debt of poorest countries hit record $744b in 2019: World Bank

The total external debt of the world's poorest countries climbed...

Paul Milgrom, Robert Wilson win Nobel in economics for work on auction theory

US economists Paul Milgrom and Robert Wilson won the 2020...

China to invest nearly $900b in power grids: State media

China will invest near $900 billion in the next five...

Strict lockdowns may speed up economic recovery: IMF

Early lockdowns in an epidemic can substantially reduce infections, and...

Unemployment is world's biggest worry for next 10 years, business leaders say

Unemployment is seen as the biggest worry over the next...

IMF chief says global economy 'less dire' but long climb ahead

The global economy is looking “less dire” than it did...

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