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 …
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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …