Tag: economy
ECB eases bank funding rules in ‘unprecedented’ step
The European Central Bank on Tuesday announced an “unprecedented” easing of collateral requirements in a bid to boost bank lending during the coronavirus crisis. The…
France heading for worst post-war downturn, finance minister warns
France will likely see its worst post-war economic downturn this year, far surpassing the minus 2.2 percent slump seen in 2009 after the global financial…
When will U.S. economy bottom? Economists hunt for the right view
The economic crisis spawned by the coronavirus pandemic has produced a wave of grim U.S. data, with likely more to come as millions lose jobs,…
As millions lose jobs, Fed policymakers say recession is here
The U.S. recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of…
EU hopes to mitigate lockdown and help workers with €100 billion fund
The EU is adding more financial firepower to mitigate the economic effects of the coronavirus lockdowns. This time the European Commission is seeking to help…
COVID-19 cases and deaths rising, debt relief needed for poorest nations: WHO
The head of the World Health Organization voiced deep concern on Wednesday about the rapid escalation and global spread of COVID-19 cases from the new…
COVID-19 is testing our resilience across all sectors of the economy and areas of development
The COVID-19 pandemic is a new challenge we are facing in today’s fast changing world, and we are facing it as a global society. Like…
Fed will do what it takes to help Americans, Daly says
San Francisco Fed President Mary Daly on Tuesday said she believes the U.S. is probably already in recession, as millions of people lose their jobs…
Will coronavirus make the gender pay gap worse?
Advances in closing the worldwide gender pay gap are at risk of being reversed by the coronavirus, experts and advocates warn, as women take time…
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