The NYSE’s honorary Closing Bell ringer, Stephen Lovekin, staff photographer at Shutterstock, from Brooklyn virtually rings The Closing Bell.Associated Press
The deadly COVID-19 pandemic has shaken up the world on both the health and economic fronts.
More than 200 million people are at risk of unemployment as human civilisation faces a new world war in the form of Covid-19 that can only be stopped by global cooperation, a Chinese expert said while addressing the e-symposium organised by Trends Research & Advisory, Abu Dhabi.
The warning by United Nations Secretary-General António Guterres that the COVID-19 pandemic could push nearly 50 million more people into extreme poverty deserves serious attention and countries should act immediately to shore up global food security.
Asian shares rose on Wednesday after a strong lead from Wall Street fuelled by hopes for additional U.S. economic stimulus and a coronavirus vaccine, but trade was choppy as some investors booked profits.
Healthy off-take on the back of festive season accelerated major automobile players’ year-on-year sales during November. However, some companies reported a slower off-take on the sequential basis.
Fitch downgraded Sri Lanka’s sovereign credit rating to ‘CCC’, warning the country’s debt levels were set to soar past 100% of GDP and that it was increasingly at risk of default.