Developing countries brace for bigger blow than 2008 crisis

Coronavirus: Timeline of the global spread of COVID-19 Grim milestone for the US On March 27 the US overtakes China in terms of the number of people infected, making it the country with the most cases of COVID-19. This came as President Donald Trump claimed that the nation would get back to work “pretty quickly.” […]

Why the global recession could last a long time

LONDON: The world is almost certainly ensnared in a devastating recession delivered by the coronavirus pandemic.Now, fears are growing that the downturn could be far more punishing and long lasting than initially feared — potentially enduring into next year, and even beyond — as governments intensify restrictions on business to halt the spread of the […]

Solutions for Vietnam to maintain its current economic growth

According to economic expert Dr. Ngo Tri Long, there has yet to be indications of growth in the second quarter of the year in terms of both the global and Vietnamese economies due to the complicated developments of the COVID-19 epidemic. In the current context, keeping a check on the disease and continuing to stabilize […]

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

“A well-designed fiscal stimulus package, prioritising health spending to contain the spread of the virus and providing income support to households most affected by the pandemic would help to minimise the likelihood of a deep economic recession,” it said.

India to record 7.9% growth this fiscal: UN

The report of the UN Department for Economic and Social Affairs (DESA) noted that the global economy is slowly rebounding from the worst of the recession but said most of the developed economies remained “lacklustre” and could not provide “sufficient impetus to the global economy.”

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

A Home Office spokesperson said decisions over claims were “entirely a matter for police authorities. The Home Office has promised to refund police authorities every penny they pay out to householders and businesses who qualify under the Riot Damages Act.” Figures from the nine forces show that more than £9m has been paid out by […]

Coronavirus latest: 6.6 million more people file unemployment claims in the US

She added that the EU would allocate up to €100 billion in financial aid to the hardest-hit countries, starting with Italy, to make up for the salary shortfalls of those people who cannot work. Many European nations, including Italy, are on lockdown, with business, restaurants and even in some cases even factories closed. Economic activity has […]