global recession
Turkish industry slammed by coronavirus curbs
Middle East
June 12, 2020
Turkish industry slammed by coronavirus curbs
ISTANBUL (Reuters) — Turkey’s industrial output slumped a more-than-expected 31.4 percent and its current account deficit widened beyond five billion…
Coronavirus widens the cracks in Egypt’s cement industry
Business
June 8, 2020
Coronavirus widens the cracks in Egypt’s cement industry
CAIRO (Reuters) — The coronavirus is putting Egypt’s private cement industry under even more pressure. Already scrambling to respond to…
US unemployment drops unexpectedly to a still-high 13.3%
World
June 5, 2020
US unemployment drops unexpectedly to a still-high 13.3%
WASHINGTON (AP) — The US unemployment rate fell unexpectedly in May to 13.3 percent — still on par with what…
European Central Bank nearly doubles pandemic support scheme
Economy
June 4, 2020
European Central Bank nearly doubles pandemic support scheme
FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600…
Greece: Tourists from 29 countries can fly in as of June 15
World
May 29, 2020
Greece: Tourists from 29 countries can fly in as of June 15
ATHENS, Greece (AP) — Greece on Friday listed 29 countries from where it will accept visitors as of June 15…
Turkey resumes intercity train services as coronavirus curbs ease
Middle East
May 28, 2020
Turkey resumes intercity train services as coronavirus curbs ease
ANKARA (Reuters) — Turkey begun operating intercity trains on Thursday after a two-month gap, as it gradually eases coronavirus curbs…
Latin America’s largest airline LATAM files for bankruptcy in US
World
May 26, 2020
Latin America’s largest airline LATAM files for bankruptcy in US
Latin America’s largest airline LATAM filed for bankruptcy in the US on Tuesday, the company said in a statement, following…
Japan’s elderly workers, once key to Abenomics, suffer as pandemic closes businesses
World
May 22, 2020
Japan’s elderly workers, once key to Abenomics, suffer as pandemic closes businesses
TOKYO (Reuters) — On a recent Saturday in Tokyo’s Shinjuku district more than 100 people, many of them elderly men,…
US retail sales plunged a record 16% in April as virus hit
World
May 15, 2020
US retail sales plunged a record 16% in April as virus hit
BALTIMORE (AP) — US retail sales tumbled by a record 16.4 percent from March to April as business shutdowns caused…
Germany in recession as economy shrinks 2.2% in 1st quarter
Economy
May 15, 2020
Germany in recession as economy shrinks 2.2% in 1st quarter
BERLIN (AP) — The German economy shrank by 2.2 percent in the first quarter compared with the previous three-month period…