30 Jul 2020

Germany’s Economy Suffers Biggest Contraction on Record, but Green Shoots Emerge

Germany has suffered from a record-breaking economic contraction in the second quarter of 2020 due to lockdown measures taken to prevent the spread of COVID-19. However, Germany is expected to recover faster than other major European economies despite the contraction. Germany’s GDP fell 10.1% when compared with the previous quarter,

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09 Apr 2020

U.S. Unemployment Claims Total 6.6 Million Last Week

Last week, 6.6 million Americans filed for unemployment claims as efforts to halt the Covid-19 spread result in thousands of businesses and workplaces closing, leaving their employees without an income. In the week ending on April 4, 6.6 million unemployment applications were filed, a slight decrease from the previous week

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08 Apr 2020

Worst recession in decades piles pressure on EU to agree new relief package

According to forecasts published on Wednesday, Europe’s top two economies are experiencing the worst contraction in decades as EU officials work towards new measures to relieve economic pressure and distress. German economic research institutes stated that the country’s economy is likely to shrink by 4.2% this year as a result

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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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