The photo has been used for illustrative purposes.
The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to shore up the financial system during the early days of the pandemic.
France is faring worse than Germany, Europe’s largest economy, which on Thursday reported a 10.1% plunge in GDP during the April-June period as its exports and business investment collapsed.
The contraction, triggered by one of Europe's strictest coronavirus lockdowns, was worse than the 16.6% expected by analysts. It came after a 5.2% drop in the first quarter, dragging Spain into its steepest recession ever, at a record pace.
The coronavirus is taking a toll on even countries hitherto considered economically sound. After easing its fiscal rules and raising taxes, Russia is running out of options to give a fillip to public finances strained by the pandemic and the collapse
United States President Joe Biden’s helpless cry after a deranged gunman in Ovalde in Texas killed two teachers and over a dozen students of fourth grade at Robb Elementary School on Tuesday, saying “As a nation we have to ask when in God’s
T.L. Wali, a 66-year-old lawyer in Delhi’s high court, had been looking forward to retirement. But with India’s living costs soaring, he is now forced to dip into his savings and will need to keep working longer just to pay for medicine, travel and
I just checked on my two children, asleep in their beds. They’re both under 10, and I’m fretting about the fact that one has a sore throat, the other asthma and a bad cough. Earlier today, they came home from school, full of chatter about their day.
In a peaceful corner of northern France, Ukrainian Olympic athlete Tatyana Kolesnikova tends to a freshly planted vegetable field beside a medieval castle — the sounds of the war she fled replaced by a chorus of birdsong. The former world rowing