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    OPEC sees steeper oil demand drop as virus remains challenging

    14 Sep 2020

    World oil demand will tumble by 9.46 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report, more than the 9.06 million bpd decline expected a month ago.

    Emirates returns Dhs5 billion to customers in refunds

    07 Sep 2020

    More than 1.4 million refunds requests have been completed since March, representing 90 per cent of the airline’s backlog, the airline said in a statement on Monday.

    Global economy seeing sharper V recovery, raising case for inflation: Morgan Stanley

    08 Sep 2020

    The global economy is likely to recover to pre-pandemic levels by early next quarter, about three months earlier than previously expected, economists at Morgan Stanley said.

    India to loan virus-hit Maldives $250m

    20 Sep 2020

    The Indian Ocean archipelago, renowned for its luxury resorts, has been badly hit by the pandemic, with foreign tourists failing to flock back in large numbers after international flights restarted in mid-July.

    UK economy shrinks 19.8% in Q2

    30 Sep 2020

    Britain's economy shrank by a record 19.8 per cent in the second quarter, entering recession on the coronavirus lockdown.

    Poland in first recession since communist era: Official data

    14 Aug 2020

    The economy shrank by 8.9 per cent in the second quarter because of the effects of the coronavirus lockdown, after a contraction of 0.4 per cent in the first quarter.

    Virus lockdowns give major boost to e-commerce

    30 Aug 2020

    Recent data shows a shift to shopping online -- according to Kantar consulting group, international e-commerce grew 41 per cent in only three months compared with 22 per cent growth for 2020 as a whole to date, as the pandemic "transformed" retail habits.

    India's quarterly growth rises to 13.5% after pandemic slump

    31 Aug 2022

    India’s economy grew by 13.5% in the April-June quarter from a year earlier, pushed up by a boost in agriculture and manufacturing as pandemic curbs eased, official figures released on Wednesday show. The jump follows a 4.1% slump in the January-March quarter, but is lower than the 20.1% annual growth registered in the same

    Dollar wobbles as investors grow anxious about pandemic toll on US economy

    03 Aug 2020

    The US dollar gave up brief early gains on Monday as mounting concerns about a slowing US economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week.

    IATA airlines head sees transatlantic reopening in weeks

    07 Jul 2021

    The head of global airline body IATA said he was cautiously optimistic about demand for travel in the second half of the year, adding that he expects transatlantic flying between Britain and the United States to re-open in the coming weeks.

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