26 Mar 2020

The Latest: 3.3M US jobless claims tops record set in 1982

Last week, 3.3 million Americans applied for unemployment benefits as a result of their place of employment closing amid the pandemic, which is more than quadruple the previous record set in 1982. China has also expressed discontent with the “Wuhan virus” name for the COVID-19 virus, and the Health Minister

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04 Mar 2020

Coronavirus: World Bank pledges $12bn in emergency aid

The World Bank has reportedly committed $12 billion in aid for developing countries that are facing the coronavirus outbreak and how to combat it financially and medically. The WB aid includes low-cost loans, grants and technical assistance to aid these countries in preventing the outbreak and managing the coronavirus if

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14 Nov 2018

Property bubble fears rise as China struggles with trade war

Concerns over the highest vacancy rate in the world and a cooling economy dealing with a trade war has sparked concerns of an impending bubble in the Chinese housing market. A recent report from China’s largest state-backed investment banks has forecasted that 2019 could be a “year of recession” in

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