19 Mar 2020

Europe sets up emergency lifeline worth billions

In an attempt to soothe the economic impact of the ongoing pandemic, the European Central Bank (ECB) has started an emergency $820 billion package that will buy government and company dept across the EU, particularly in Greece and Italy. ECB’s CEO Christine Lagarde stated that they are incredibly committed to

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17 Mar 2020

Coronavirus: Stock markets continue to slide

The coronavirus has been wreaking havoc on the stock market, and European shares have fallen even further. London’s FTSE 100 opened higher on Tuesday, however, it eventually suffered an index fall of 1%, while other major European markets reported the same. UK’s Chancellor is expected to announce its plan to

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10 Mar 2020

Global shares plunge in worst day since financial crisis

On March 9, 2020, the United States experienced a 7.8% drop in stock indexes, the largest since the financial crisis. Numbers of other regions across Europe and Asia are also suffering similar to that of the United States’ Dow Jones average drop of over 2,000 points. In both the US

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26 Feb 2020

China Lifts Import Restrictions on U.S. Farm Goods

On Tuesday, US officials stated that Chinese authorities have taken the first steps towards implementing the first phase of the trade deal negotiated between the two countries, who represent the world’s largest economies, earlier this month. The deal took effect on February 14, and Chinese leaders have since lifted import

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04 Feb 2020

Global Factory Revival in Doubt as Coronavirus Spreads

Global manufacturing is set to suffer a new setback after a short-lived steady period due to the outbreak of the coronavirus in China. China’s isolation will have a measurable effect on the global economy in February, according to analysts. The recent expansion may not be sustained in the coming months

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03 Feb 2020

Coronavirus Closes China to the World, Straining Global Economy

China, a vital economic center, is currently facing a national epidemic as the coronavirus has infected thousands of Chinese citizens and killed hundreds. As the situation worsens, the rest of the globe is experiencing a ripple effect as a result of China’s struggling economy. The virus has now infected more

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18 Dec 2019

Shiite groups’ supporters clash with security forces in Beirut, opening a new chapter in Lebanon’s crisis

Lebanese security forces clashed with protesters in Beirut on Monday and Tuesday, using tear gas, rubber bullets, and water cannons against demonstrators gathered near a bridge. In the past few months, anti-corruption protests have plagued Lebanon’s security and stability, however, this group of protesters were supporters of two Shiite groups

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13 Dec 2019

Trump Agrees to Limited Trade Deal With China

President Trump has agreed to a limited trade deal with China after prolonged negotiations caused economic tensions between the two countries. The agreement will reduce existing tariff rates on Chinese goods and effectively cancel new levies that were set to take effect on Sunday. On Thursday, Trump met with trade

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10 Dec 2019

World trade without rules? US shuts down WTO appeals court

The World Trade Organization was shut down on Tuesday at midnight, as the terms of two of the last three judges of the appellate body ended. Their departure effectively deprives the de facto Supreme Court of world trade of its ability to issue rulings, leaving the court to face what

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04 Dec 2019

China capex growth hits three-year low as weak economy, trade war drag

Capital investment by Chinese firms has reached its slowest pace in three years amid the Hong Kong protests. Factors contributing to this lack of capital investment include a weakening economy, tight credit, and ongoing trade war with the US, resulting in dented sales growth and cash reserves. Analysts expect the

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