12 Feb 2021

U.K. Economy Suffers Biggest Slump in 300 Years Amid Covid-19 Lockdowns

Official estimates confirm that the UK economy records its biggest contraction in more than three centuries in 2020 due to lockdown measures halting the operations of non-essential businesses and preventing people from shopping. The country has also suffered one of the world’s deadliest outbreaks. The country is currently grappling with

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23 Dec 2020

After months of calm, Thailand grapples with virus outbreak

The Samut Sakhon province of Thailand is seeing a surge of cases that threatens efforts to contain the virus and the residual effects the virus has on the economy. A 1,000-bed field hospital is being set up in the province, close to those infected to reduce the transmission through travel

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04 Nov 2020

Argentina’s President Struggles to Avert Economic Crash

Last year, Argentinian President Alberto Fernandez was elected to lift the country out of a harmful and devastating economic recession. Now, the economy is facing a surmounting crisis as COVID-19 threatens economic stability across the world. The Argentine government is struggling to create an economic plan while managing a leftist

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03 Nov 2020

Ant IPO Postponed by Shanghai Stock Exchange

Today, the Shanghai Stock Exchange released a statement postponing the initial public offering of Ant Group Co. The restriction comes just a day after the company’s controlling seller, Jack Ma, was summoned by four regulatory agencies to attend a closed-door meeting. The undercover meeting with regulators and changing the regulatory

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22 Oct 2020

Lebanon Brings Back Hariri as Prime Minister Amid Political Crisis

Saad Hariri, former Lebanese Prime Minister, has been nominated to serve again just a year after his resignation due to popular protests. Hariri’s nomination is risky due to ongoing protests over government negligence and protests seeking an overhaul of the political system following an explosion that rocked the capital city

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19 Oct 2020

China Economy Grows 4.9% as Rest of World Struggles With Coronavirus

On Monday, China was leading worldwide efforts to get the gross domestic product back on track following the COVID-19 pandemic that sent several countries into recession. China nearing its pre-COVID-19 trajectory, off by about half a year. The pandemic’s accompanying lockdown measures were detrimental to countries worldwide, most of which

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07 Oct 2020

Singapore will pay citizens to have a baby during the pandemic

Singapore has launched a program in which couples will get a payout for having children during the COVID-19 pandemic due to rapidly falling fertility rates and a suffering economy. The country’s deputy prime minister stated that the initiative aims to reassure future parents who are concerned about financial pressure and

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05 Oct 2020

Paris to shut bars and raise alert to maximum

In France, the capital city of Paris is planning on shutting down all bars on Tuesday after several COVID-19 outbreaks occurred within the city. Paris will also be raising the alert level to the maximum possible after several days of high infection rates and newly reported cases. In an effort

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09 Sep 2020

Oil prices are collapsing after Saudi Arabia sends ominous signal

On Tuesday, US oil prices dropped 7%, representing crude oil’s worst day and lowest closing price in almost a quarter. At one point during the day, prices were down as much as 9% with an average of $36.76 a barrel. For the first time since late June, Brent crude fell

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23 Jul 2020

South Korea Slumps Into a Recession

South Korea’s economy has fallen into a recession following its second quarter of contraction. This is likely due to the COVID-19 pandemic taking a heavy toll on the country, which is heavily reliant on exports. Gross domestic product within South Korea shrank by 3.3% in the second quarter, according to

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