Shoppers queue up to enter a Home Depot store in Colombia on Friday. Associated Press
Global stock markets sank on Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to rally on hopes of a cut to global supply.
China must make every effort to maintain economic and social control as it battles the coronavirus epidemic, and avoid causing panic that could lead to secondary “disasters,” President Xi Jinping told senior officials earlier this month.
Global equities surged on Friday as reports of encouraging trials for a possible coronavirus drug injected optimism into trading floors. Wall Street bounced as Boeing said it would resume production of commercial jets next week,
India posted annual economic growth of 6.3% in its July-September quarter, less than half the 13.5% growth in the previous three months as distortions caused by COVID-19 lockdowns faded in Asia’s third-largest economy. Gross domestic product growth for the full fiscal year, which ends on March 31, is likely to be 6.8-7%,
The Board of the Investment Corporation of Dubai (ICD), chaired by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai, Chairman of ICD, and in the presence of Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum,
Turkey’s economy expanded 3.9 per cent in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from the previous quarter as a global slowdown put a drag on exports, but the tourism sector remained strong. Gross domestic product (GDP) contracted 0.1 per cent from the previous quarter