economy
Dozens wounded in clashes as hundreds of protesters flood Beirut
Middle East
June 7, 2020
Dozens wounded in clashes as hundreds of protesters flood Beirut
Protesters poured into the streets of the Lebanese capital Saturday to decry the collapse of the economy, as clashes erupted…
Egypt reaches agreement with IMF to receive US$5.2 billion
Economy
June 6, 2020
Egypt reaches agreement with IMF to receive US$5.2 billion
Egypt has reached a staff-level agreement with the International Monetary Fund (IMF) for a 12 month US$5.2 billion Stand-By Arrangement…
Pandemic could cost Australian universities $11 bn: lobby group
World
June 3, 2020
Pandemic could cost Australian universities $11 bn: lobby group
Australian universities could lose up to US$11 billion dollars as an indefinite coronavirus border closure locks out the foreign students…
Virus-battered Italy faces worst recession since WWII
World
May 30, 2020
Virus-battered Italy faces worst recession since WWII
Facing its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is hitting Italy’s economy…
Egypt’s Gold prices up by LE4 per gram, 21-karat at LE764
Business
May 30, 2020
Egypt’s Gold prices up by LE4 per gram, 21-karat at LE764
Gold prices in the Egyptian market rose by about four LE on Saturday compared to Friday’s prices. The price of…
Singapore warns of worst economic contraction since independence
World
May 26, 2020
Singapore warns of worst economic contraction since independence
Singapore’s embattled economy could shrink by as much as seven percent this year, which would be the worst reading since…
Lebanon central bank to give dollars for food imports, defend currency
Middle East
May 21, 2020
Lebanon central bank to give dollars for food imports, defend currency
BEIRUT (Reuters) – Lebanon’s central bank will start providing dollars for food imports as part of “necessary measures” to defend…
US risks ‘permanent damage’ from extended shutdown: Mnuchin
World
May 20, 2020
US risks ‘permanent damage’ from extended shutdown: Mnuchin
The US economy risks suffering “permanent damage” the longer the lockdown to contain the COVID-19 pandemic drags on, US Treasury…
US facing severe crisis, but not a depression: Fed’s Powell
World
May 18, 2020
US facing severe crisis, but not a depression: Fed’s Powell
The US is facing a severe economic downturn amid the global pandemic, but will not suffer another Great Depression and…
Japan slides into recession — with forecasts of worse to come
World
May 18, 2020
Japan slides into recession — with forecasts of worse to come
Japan dived into its first recession since 2015, according to official data Monday, with the world’s third-largest economy shrinking by…