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German economy likely to shrink 6.6% this year [Video]

German economy likely to shrink 6.6% this year

The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus crisis before growing by 10.2% in 2021, the Ifo Institute said on Thursday in its latest update. Ciara Lee..

Credit: Reuters Studio     Duration: 01:15Published
EU unveils 750 bln euro plan for coronavirus recovery [Video]

EU unveils 750 bln euro plan for coronavirus recovery

The European Commission on Wednesday unveiled a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump...

Credit: Reuters Studio     Duration: 02:00Published
Virus could cost Mexico a million jobs: president [Video]

Virus could cost Mexico a million jobs: president

Mexican President Andres Manuel Lopez Obrador said on Sunday that the novel coronavirus could cost as many as a million jobs in the country as many industries considered not essential remain shut...

Credit: Reuters - Politics     Duration: 01:24Published
Japan seeks to end Tokyo's state of emergency, eyes $930 bln stimulus [Video]

Japan seeks to end Tokyo's state of emergency, eyes $930 bln stimulus

Japan is expected to lift its state of emergency over Tokyo, as it eyes a fresh stimulus relief package worth nearly $930 billion. Gloria Tso reports.

Credit: Reuters Studio     Duration: 01:05Published
Laid off? This group helps pay for job training [Video]

Laid off? This group helps pay for job training

This program is helping steer people towards reemployment by offering free personalized job search assistance, and connecting them to a training provider. That way, they can enhance their skills and..

Credit: WCPO Cincinnati     Duration: 01:58Published
Europe's week: Franco-German recovery plans, recession fears and US-China relations [Video]

Europe's week: Franco-German recovery plans, recession fears and US-China relations

Europe's week: Franco-German recovery plans, recession fears and US-China relations

Credit: Euronews English     Duration: 07:06Published
Macy's Loses $1 Billion In First Quarter Of 2020 [Video]

Macy's Loses $1 Billion In First Quarter Of 2020

The department store was forced to close its locations on March 18, causing sales to plunge by as much as 45%. CBS2's Mary Calvi reports.

Credit: CBS 2 New York     Duration: 00:30Published
Victoria's Secret To Close 251 Stores After Coronavirus Hit To Business [Video]

Victoria's Secret To Close 251 Stores After Coronavirus Hit To Business

Victoria's Secret is among the latest retail chains to be impacted by the economic recession created by the spread of coronavirus. CBS2's Mary Calvi reports.

Credit: CBS 2 New York     Duration: 00:26Published
China ditches GDP target for first time [Video]

China ditches GDP target for first time

China will refrain from setting a GDP target citing concerns over the coronavirus and global uncertainty, the country's premier said on Friday. Ciara Lee reports

Credit: Reuters Studio     Duration: 01:27Published
'We need to do more': California schools face daunting task of reopening amid recession [Video]

'We need to do more': California schools face daunting task of reopening amid recession

Lonnie Wong reports

Credit: KTXL     Duration: 01:40Published
UK inflation slumps to lowest since 2016 as coronavirus hits [Video]

UK inflation slumps to lowest since 2016 as coronavirus hits

Britain's inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing stores slashed prices, bolstering the prospect of more Bank..

Credit: Reuters Studio     Duration: 01:29Published
Equity indices hold firm, pharma and financial stocks up [Video]

Equity indices hold firm, pharma and financial stocks up

Equity benchmark indices gained for the second consecutive day on Wednesday as heavy buying was witnessed in pharma and financial stocks. The BSE SandP Sensex closed 622 points or 2.06 per cent higher..

Credit: ANI     Duration: 01:16Published
Teachers union responds to school district budget shortfall [Video]

Teachers union responds to school district budget shortfall

NEWS: The district faces a 37.8 million dollar budget shortfall because of the coronavirus.

Credit: KTNV Channel 13 Las Vegas     Duration: 02:01Published
Last Time Investors Were This Bearish on Value Was Right Before Great Recession -- ICYMI [Video]

Last Time Investors Were This Bearish on Value Was Right Before Great Recession -- ICYMI

The point: the nature of the current crisis could mean we're in for another bout of economic and market turmoil.

Credit: The Street     Duration: 02:58Published
No quick economic bounce back warns Chancellor [Video]

No quick economic bounce back warns Chancellor

The UK economy may not bounce back straightaway from the massive crisis caused by the coronavirus pandemic, the Chancellor has said. Rishi Sunak said he is not counting on the “V-shaped” recovery..

Credit: PA - Press Association STUDIO     Duration: 00:56Published
CCSD trustees approve final budget [Video]

CCSD trustees approve final budget

Next year's CCSD budget shortfall could be one of the largest since the great recession. The board of trustees approved the final budget last night.

Credit: KTNV Channel 13 Las Vegas     Duration: 00:19Published
Obama Criticizes Trump's Response To Coronavirus Pandemic [Video]

Obama Criticizes Trump's Response To Coronavirus Pandemic

Former President Barack Obama gave a college commencement address that criticized President Donald Trump’s coronavirus response. Obama spoke to the class of 2020 for 74 historically black colleges..

Credit: Wochit     Duration: 00:32Published
MorningLine: The Rebound: How COVID_19 Changed Our Economy P.1 [Video]

MorningLine: The Rebound: How COVID_19 Changed Our Economy P.1

Our state continues to rebound from the coronavirus. Our economy is starting to re-open, but how quickly can we get back on track? Are we looking at a prolonged recession? These are some of the..

Credit: NewsChannel 5 Nashville     Duration: 11:06Published
MorningLine: The Rebound: How COVID_19 Changed Our Economy P.2 [Video]

MorningLine: The Rebound: How COVID_19 Changed Our Economy P.2

Our state continues to rebound from the coronavirus. Our economy is starting to re-open, but how quickly can we get back on track? Are we looking at a prolonged recession? These are some of the..

Credit: NewsChannel 5 Nashville     Duration: 10:15Published
Japan sinks into recession, worst yet to come [Video]

Japan sinks into recession, worst yet to come

Japan has slipped into recession for the first time in four and a half years, putting the nation on course for its deepest postwar slump as the global health crisis continues taking a heavy toll on..

Credit: Reuters Studio     Duration: 01:26Published
Jim Cramer Discusses the Tepper and Druckenmiller Dispute [Video]

Jim Cramer Discusses the Tepper and Druckenmiller Dispute

Jim Cramer weighs in on the dispute between hedge-fund managers David Tepper and Stanley Druckenmiller about how bad the recession is.

Credit: The Street     Duration: 02:27Published
Michigan's COVID-19 budget crisis could be more severe than Great Recession [Video]

Michigan's COVID-19 budget crisis could be more severe than Great Recession

Michigan’s state budget director says COVID-19 is causing a budget crisis is potentially worse than what we saw during the Great Recession.

Credit: WXYZ Detroit     Duration: 03:18Published
As euro zone growth plunges, Germany looks least awful [Video]

As euro zone growth plunges, Germany looks least awful

Germany seems to be weathering the economic storm better than most of the euro zone, but GDP figures everywhere in the region make grim reading. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 01:24Published
Denver mayor announces $226M budget gap, mandatory furloughs for 9K city employees [Video]

Denver mayor announces $226M budget gap, mandatory furloughs for 9K city employees

More than half of Denver’s 12,000 city employees will have to take eight furlough days by the end of the year as the city tries to fix a forecasted $226 million shortfall in revenue because of the..

Credit: 7News - The Denver Channel     Duration: 02:40Published
Coronavirus Having Greater Economic Impact On Denver City Budget Than Great Recession [Video]

Coronavirus Having Greater Economic Impact On Denver City Budget Than Great Recession

The coronavirus crisis is creating greater economic difficulties for Denver's budget managers than even the Great Recession did.

Credit: CBS 4 Denver     Duration: 02:29Published

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Global stocks bounce as investors shrug off approval of China's new draconian law on Hong Kong, and look to 'galactic' coronavirus stimulus

global stocks bounce as investors shrug off approval of china's new draconian law on hong kong, and look to 'galactic' coronavirus stimulus
  · Most global stocks rose on Thursday, shrugging off the approval of a new security law in Hong Kong, which many fear will allow Beijing to rule the semi-autonomous region with greater control,..
Business Insider - Published

American Dreams Disrupted: 247 stories of entrepreneurs fighting to survive

Covid-19 has disrupted all of our lives in countless ways, and mandatory closures have been a gut punch for many small businesses. The lucky ones have found ways to reimagine themselves, to keep afloat..
bizjournals - Published

Coronavirus: How Nigeria can reduce impact of coronavirus on its economy – Experts

Although the government and NBS said a recession is imminent, experts say it can be cut short and growth quickly restored with the right policies The post Coronavirus: How Nigeria can reduce impact..
Premium Times Nigeria - Published

Coronavirus: Expert forecasts unprecedented job cuts in Northern Ireland after axing of furlough scheme

coronavirus: expert forecasts unprecedented job cuts in northern ireland after axing of furlough scheme
Northern Ireland must brace itself for a significant spike in job losses "unlike anything" experienced during the last recession a decade ago, an expert has warmed.
Belfast Telegraph - Published

Turkey resumes intercity train services as coronavirus curbs ease

Turkey begun operating intercity trains on Thursday after a two-month gap, as it gradually eases coronavirus curbs in a bid to restore normal life and reopen an economy facing the threat of recession.
Reuters India - Published Also reported by •Reuters

Coronavirus death toll in US crosses one lakh

The death toll from the novel coronavirus in the US has crossed one lakh, the highest for any country in the world, as the COVID-19 pandemic wreaks havoc across the globe by upending life and..
Mid-Day - Published

Beck Group's Ryan Toth knows every project won't match the firm's strategy — now or in the future

In recent weeks, Ryan Toth has been relieved to see several new construction projects come up for bid. But top of mind for him is something Peter Beck, executive chairman of Beck Group, once told him...
bizjournals - Published

This Denver-area construction company got a PPP loan. But plenty of questions remain.

Alcorn Construction Inc. has weathered a downturn before. But much has changed since Chris Alcorn and his wife, Amy, founded the company in a basement during the height of the Great Recession in 2008...
bizjournals - Published

Obligated to survive: When Covid-19 sent sales spiraling, packager flexed and found a viable future

The founders and owners of Packrite in High Point know a little something about navigating a challenging economy. The majority woman-owned corrugated paper packaging maker was founded by..
bizjournals - Published

COVID-19 shock seen halving Europe's Q2 corporate profits

The profits of Europe's biggest listed firms are expected to halve in the second quarter, as lockdowns implemented across the continent to curb the spread of the COVID-19 pandemic triggered a massive..
Reuters India - Published

Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

Japanese Prime Minister Shinzo Abe's cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world's..
Reuters India - Published

Pharma exports a rare bright spot for Singapore economy as pandemic drives demand

Singapore's exports of pharmaceutical products have surged this year as the coronavirus pandemic prompts worldwide stockpiling of drug ingredients, providing a much needed salve for an economy facing..
Reuters India - Published

Biggest forecast cut for India; India FY21 GDP seen at -5%:

Fitch Ratings sees global recession bottoming out.
Hindu - Published

India facing its worst recession in current fiscal, says Crisil

India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, CRISIL said on Tuesday as it predicted the economy to shrink by 5 per cent in the..
IndiaTimes - Published

Covid-19: Singapore heads towards worst-ever recession in nearly two decades


Indian Express - Published Also reported by •Hindu

Facing biggest downturn, Singapore's virus relief reaches 20% of GDP

Singapore rolled out its fourth multi-billion-dollar stimulus package in as many months on Tuesday, as it forecast a deeper recession than previously expected with the COVID-19 pandemic battering the..
Reuters India - Published

Singapore cuts 2020 GDP outlook again as virus batters economy

Singapore downgraded its 2020 gross domestic product forecast for the third time on Tuesday, the trade ministry said, as the bellwether economy braces for its deepest ever recession.
Reuters India - Published

Slump in consumption, exports push Germany into recession in first quarter

A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by..
Reuters India - Published

India may register recession in third quarter of this fiscal: Report

‘Loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic’
Hindu - Published

Japan launches its version of Fed's 'Main Street' scheme as deflation returns

Japan's central bank unveiled its own version of the U.S. Federal Reserve's "Main Street" lending programme on Friday, to channel nearly $280 billion to small businesses hit by the coronavirus and stop..
Reuters India - Published

Britain in deepest downturn for centuries, scant chance of negative rates - Reuters poll

Britain is enduring its deepest recession in centuries but the havoc wrought by the coronavirus pandemic will not be enough to push the Bank of England to adopt negative interest rates, a Reuters poll..
Reuters India - Published

Bank of Japan to create its version of Fed's 'Main Street' lending scheme

Japan's central bank will create its own version of the U.S. Federal Reserve's "Main Street" lending programme to channel more money to small businesses, in a bid to keep the coronavirus pandemic from..
Reuters India - Published

Japan may end Tokyo state of emergency as early as next week - PM

Japan may lift the state of emergency in Tokyo as early as next week if new coronavirus infections remain low, Prime Minister Shinzo Abe said on Thursday, raising hopes that the world's third-largest..
Reuters India - Published

French business recession eases in May as lockdown unwound - PMI

France's business slump eased in May, albeit not quite as much as expected, as a nationwide coronavirus lockdown was lifted earlier this month, a survey showed on Thursday.
Reuters India - Published

Argentina's race to solve $323 billion debt conundrum

Argentina is racing to avoid a messy ninth sovereign default as it firefights recession, stubborn inflation and increasingly wary investors, who have pushed the South American grain giant's bonds into..
Reuters India - Published

Wanted: New head of WTO. Must thrive under global pressure and conflict

Against the backdrop of a global pandemic, steep recession, intensifying U.S-China tensions and rising protectionism, the WTO needs to name a leader. Only the resilient should apply.
Reuters India - Published

Gold slides as economic recovery hopes dent safe-haven bids

Gold fell on Thursday, pressured by hopes of a swift recovery from the coronavirus-driven recession although losses were capped by prospects of more stimulus and bleak data.
Reuters India - Published

Japan exports fall most since 2009 as pandemic wipes out global demand

Japan's exports fell the most since the 2009 global financial crisis in April as the coronavirus pandemic slammed world demand for cars, industrial materials and other goods, likely pushing the world's..
Reuters India - Published

Oil gains, stocks rally on renewed recovery hopes

Crude prices rose and a gauge of global equities broke out of a three-week trading range on Wednesday as investors bet on a rapid recovery from the coronavirus-induced recession.
Reuters India - Published

Lowe's says surging sales will not last

Lowe's Cos Inc warned on Wednesday that high spending on do-it-yourself projects by people hunkered down at home due to coronavirus lockdowns would taper off in the coming months, as a deep economic..
Reuters India - Published

Global stocks surge to 10-week high on recovery hopes

Global stocks rose to a 10-week high on Wednesday as investors regained hopes of recovery from a coronavirus-fuelled recession, while oil prices also strengthened.
Reuters India - Published

Global Markets: Stocks gain as vaccine rally falters

Global stocks rose on Wednesday as investors regained hopes of recovery from a coronavirus-fuelled recession, while oil prices also strengthened.
Reuters India - Published

Why this job is almost recession-proof

Every industry needs data engineers, which is why they are in big demand. In days ahead, their salaries are expected to increase
IndiaTimes - Published



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