A man walks in front of a store in Ibiza on Friday. Spain plunged into recession in the second quarter after its gross domestic product tumbled by 18.5%. Agence France-Presse
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens.
Japan’s economic growth unexpectedly accelerated in January-March, driven by net contributions from exports and defying forecasts for a contraction in the world’s third-largest economy. However, the surprise expansion was mostly caused by imports declining faster than exports, likely reflecting weak domestic demand,
European Union diplomats said on Thursday they hoped a Brexit trade deal with Britain could be agreed by Friday or at the weekend, and EU officials said negotiators were likely to review progress in the next two days.
Air India’s employees are preparing to bid for the national carrier in partnership with a private equity fund and each employee will be asked to contribute Rs1 lakh towards the bid. “The Preliminary Information Memorandum (PIM) thankfully,
Pakistan government has released funds amounting to Rs548.89 million during first five months of the current fiscal year to execute 15 aviation sector projects under the Public Sector Development Programme (PSDP 2020-21) against the total allocation