The photo has been used for illustrative purposes.
NEW YORK: Wall Street treaded water on Wednesday after moves in the US bond market brought back fears of a recession as a bruising U.S.-China trade war drags on, while a rise in energy shares offered support.
Governments in emerging markets, which have suffered an exodus of capital of more than $83 billion in recent weeks, can cover much of that, but "clearly the domestic resources are insufficient" and many already have high debt loads.
Money is the root of all evil? Not really. It’s actually the love of money that’s the root of all evil. That’s because the saying, which is often misquoted, implies that the one who loves money,
The government last week accused banks of not acting quickly enough, but they said that they had already passed on around 400,000 loan requests worth more than 18 billion euros ($20 billion) to the state-backed Central Guarantee Fund.
The COVID-19 pandemic has created the largest disruption to education in history and prolonged school closures could further entrench inequalities in access to learning.
The post COVID-19 world will be very different from the world we knew in 2019. The global economy will have to be rebuilt, consumer confidence will have to be restored and medical facilities in every country will have to be reviewed.
The five BRICS nations have called for improving the environment and promoting a circular economy in national plans as steps towards recovery in the fight against COVID-19.