09 Sep 2021

Tanzania secures nearly $600M from IMF for COVID relief

The International Monetary Fund (IMF) has agreed to provide Tanzania with $567 million in emergency support to help the country finance a Covid-19 vaccination campaign and deal with the health and social costs of the pandemic. The IMF board approved the disbursement on Tuesday under its Rapid Credit Facility and

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31 Aug 2021

Covid-19 Delta Variant Pummels China’s Services Sector

China’s services sector has taken an unexpected hit in August due to a wave of coronavirus infections sparking new lockdowns across the country. This resulted in an official gauge of nonmanufacturing activity falling into contractionary territory for the first time since China’s recovery from the first wave of the pandemic

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29 Jul 2021

Lebanon’s water system on brink of total collapse, says UN

According to the United Nations Children’s Fund (UNICEF), Lebanon’s water supply system is on the verge of collapse. The announcement marks the latest development in Lebanon’s recent struggles that have pushed the country into chaos. More than 71% of the country’s population are at immediate risk of losing access to

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11 Jun 2021

Fresh Covid-19 Outbreaks in Asia Disrupt Global Shipping, Chip Supply Chain

A fresh wave of Covid-19 outbreak clusters in Asia has created bottlenecks in the supply chain, which threaten to increase prices and impact post-pandemic recovery across the globe. Vaccination campaigns are still in the early stages throughout much of the region, resulting in increased risks of new outbreaks. One outbreak

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18 May 2021

EU Suspends Plans to Raise Tariffs on U.S. Whiskey, Other Goods

On Monday, the EU agreed to postpone plans to raise tariffs on American goods, including whiskeys, motorcycles, boats, and other items. The plan was set to take effect on June 1 but has now been pushed back due to the start of negotiation talks with the Biden administration that seek

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17 May 2021

China’s Economic Recovery Slowed in April

In April, China’s economic recovery in the aftermath of Covid-19 grew at a slower pace as retail sales did not meet expectations. This has complicated the idea that China is recovering steadily and at a consistent rate as the world’s second-largest economy. Official data that was released today details how

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04 May 2021

Europe Proved It Can Innovate During the Pandemic. Now It Has to Figure How to Benefit From It.

The European Union was quick to create innovations during the Covid-19 pandemic, successfully cranking out a series of developments aiming to protect individuals and combat the public health crisis. EU leaders are currently finalizing plans to release almost $1 trillion into the EU’s struggling economy in order to reshape industrial

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29 Mar 2021

Ever Given container ship shifted from shoreline

The Ever Given, the massive container ship has shifted slightly and been freed from the Suez Canal shoreline, according to officials. Its course has been corrected by 80% and further efforts to remove the boat will resume later today. The head of a company involved in the rescue efforts stated

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15 Feb 2021

Global shares hit fresh peak, oil up on Middle East tensions

Yesterday, global shares rose for the 11th straight day, creating new optimism about the effect of the distribution of Covid-19 vaccines and fiscal aid from Washington. However, tensions in the Middle East are behind the high price, driving oil to a 13 month high. As more people receive vaccinations in

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15 Feb 2021

Biden to Join G-7 Leaders in Virtual Meeting to Discuss Pandemic Response

On Friday, US President Joe Biden plans to participate in a virtual gathering of the Group of Seven industrialized nations to discuss plans on tackling the Covid-19 pandemic as the death counts rise well above two million and the global economy remains damaged. The forum of leaders from the other

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