Developing countries brace for bigger blow than 2008 crisis

Coronavirus: Timeline of the global spread of COVID-19 Pneumonia-like virus hits Wuhan On December 31, 2019, China notifies the World Health Organization of a string of respiratory infections in the city of Wuhan, home to some 11 million people. The root virus is unknown and disease experts around the world begin working to identify it. […]

Coronavirus latest developments: Death toll touches 53, total number of cases climb to 2,069

NEW DELHI: In the last 24 hours, 235 new coronavirus cases have been reported in the country, taking the total number to 2069, including 53 death, the Union health ministry said. The ministry said the number includes 1860 active cases, of which 155 persons have been cured/discharged/migrated. Here are the latest developments from India and […]

Why the global recession could last a long time

When the pandemic emerged, initially in central China, it was viewed as a substantial threat to that economy. Even as China closed itself off, conventional wisdom held that, at worst, large international companies like Apple and General Motors would suffer lost sales to Chinese consumers, while manufacturers elsewhere would struggle to secure parts made in […]

Solutions for Vietnam to maintain its current economic growth

Despite this, Lam states that, “achieving the 6.8% growth target is a big challenge as the country has a high level of economic openness, over 200% annually, and is heavily dependent on outside partners while major partner countries are closing trade borders to prevent the epidemic outbreak which is exerting an enormous impact on the […]

Global economy could shrink by almost 1% in 2020: UN

The global economy could shrink by up to one per cent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast of 2.5 per cent growth, the UN has said, warning that it may contract even further if restrictions on the economic activities are extended without adequate fiscal responses.

India to record 7.9% growth this fiscal: UN

The report credited fiscal stimulus packages and expansionary monetary policies introduced by governments worldwide for the recovery. Household consumption and business investment are both showing tentative signs of revival and international trade is also on the increase again, although still below its pre-crisis peak.

It’s not too late to save the oceans: Scientists claim marine life at risk of being wiped out by climate change can recover by 2050 with less fishing, habitat restoration and pollution cuts

It seems the more ambitious goal of restricting global warming to 1.5°C (2.7°F) may be more important than ever, according to previous research which claims 25 per cent of the world could see a significant increase in drier conditions.

Britain orders 10,000 ventilators from F1, aerospace consortium

VENTILATOR SCRAMBLE The consortium, which was asked in mid-March to come up with a way to retool factories that produce everything from aircraft engines to the world’s fastest racing cars, did not say when the ventilators would be ready for use in hospitals.

Cuomo critics highlight years of taxpayer waste, amid deepening coronavirus crisis in New York

The governor, who has held the top job since 2011, has said that the state needs at least 30,000 ventilators – and an extra 50,000 hospital beds – to brace for the pinnacle of the storm in the coming weeks. As it stands, New York is currently the global epicenter of coronavirus, which causes the disease COVID-19. […]

Half of riot compensation claims rejected, police figures reveal

Police forces said claims had been rejected because they did not meet the criteria under the Riots Damages Act, either because the disturbances had not been classed as a riot or because people were claiming for things that were not covered such as “business interruption”, loss of trade or damage to vehicles. Police also said […]