economic recession
US jobless claims fall below 1 mn but remain high
World
August 13, 2020
US jobless claims fall below 1 mn but remain high
WASHINGTON (AP) — The number of laid-off workers applying for unemployment aid fell below one million last week for the…
US adds 1.8 million jobs in a sign that hiring has weakened
World
August 7, 2020
US adds 1.8 million jobs in a sign that hiring has weakened
WASHINGTON (AP) — The United States added 1.8 million jobs in July, a pullback from the gains of May and…
For hard-hit Lebanese, Eid traditions are now just too costly
Middle East
July 31, 2020
For hard-hit Lebanese, Eid traditions are now just too costly
TRIPOLI, Lebanon (Reuters) — On the streets of Tripoli, Lebanon’s second biggest city and one of its poorest, there are…
Eurozone economy suffers record drop during lockdown months
World
July 31, 2020
Eurozone economy suffers record drop during lockdown months
PARIS (AP) — The economy of the 19-country eurozone shrank by a devastating 12.1 percent during the second quarter from…
US is expected to report a record-breaking economic plunge
World
July 30, 2020
US is expected to report a record-breaking economic plunge
WASHINGTON (AP) — Having endured what was surely a record-shattering slump last quarter, the US economy faces a dim outlook…
Gulf economies seen shrinking sharply in 2020, to pick up in 2021: Reuters poll
Middle East
July 21, 2020
Gulf economies seen shrinking sharply in 2020, to pick up in 2021: Reuters poll
DUBAI (Reuters) — Economic activity in the Gulf will contract sharply this year before recovering in 2021, hit by the…
World Bank: Palestinian economy could shrink by 11%
Middle East
June 1, 2020
World Bank: Palestinian economy could shrink by 11%
JERUSALEM (AP) — The Palestinian economy could shrink by as much as 11 percent in the coming year as the…
For Lebanese families made poor by crisis, dinner means bread and no meat
Middle East
May 28, 2020
For Lebanese families made poor by crisis, dinner means bread and no meat
BEIRUT (Reuters) — At a street market in southern Beirut, Lebanese crowd around volunteers handing out free rations of bread…
Egypt lowers growth target for next fiscal year to 3.5 percent due to coronavirus
Business
April 21, 2020
Egypt lowers growth target for next fiscal year to 3.5 percent due to coronavirus
Egypt has lowered its growth target for fiscal year 2020-2021 to 3.5 percent, down from its original target of 5.8…
Coronavirus strikes at Mother’s Day gift market in Egypt
Egypt
March 21, 2020
Coronavirus strikes at Mother’s Day gift market in Egypt
Brought on by precautionary measures against the novel coronavirus, a recession has hit clothing, shoe and gift markets in Egypt,…