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The European Union and China on Wednesday approved “in principle” a major investment pact that Brussels hopes will open up lucrative opportunities, despite concerns about Beijing’s rights record. EU chiefs...
In 2020, the economies of all countries, except China, contracted. The world went into a deep recession. The World Bank predicts a contraction of global GDP in 2020 by about...
Since the onset of the COVID-19 pandemic, Dubai has responded with swift and effective health measures and economic support initiatives that protected lives and livelihoods. This has enabled the...
World shares rose to just below record peaks on Tuesday after factory surveys boosted expectations of a recovery from the COVID-19 downturn, with drugmakers seeking fast approval for vaccines and...
Global stock markets jumped on Wednesday after the release of more upbeat data about the COVID-19 vaccine being developed by Pfizer and BioNTech. Traders have this month been encouraged by...
The dollar held onto gains against most currencies on Thursday as signs of an economic slowdown in Europe and in the United States revived concerns about the fallout from...
Washington: The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is “unlikely” without a vaccine, IMF...
Greece’s GDP shrank 14% between April and June, marking the steepest quarterly contraction in at least 25 years and threatening to undermine a decade of hard-won gains for the recently...
German industrial output rebounded 7.8 per cent in May, showing a modest recovery after steep falls in March and April due to the effects of the coronavirus, official data...
Enda Curran, Tribune News Service As sections of the global economy tip-toe toward reopening, it’s becoming clearer that a full recovery from the worst slump since the 1930s will...
