EU will propose €750 billion as response to Covid-19
The European Commission will propose allocating €750 billion to the European Union economy to help it recover from the coronavirus crisis, German news agency DPA reported on Wednesday.
Pandemic drives Japan’s machine tool orders to lowest level in 10 years
14 May 2020 02:13 PM |initial data for April released today shows that Japanese machinery tool orders fell to their lowest level in more than a decade, indicating that the coronavirus pandemic is causing heavy losses in the economy.
Australia records highest number of job losses in history during April
14 May 2020 12:27 PM |Australia lost the highest number of jobs ever recorded in April, as employers laid off hundreds of thousands of employees in response to the shutdown across the economy to reduce the spread of the coronavirus.
Pandemic pushes Japanese service sector sentiment to record lows
13 May 2020 01:27 PM |A survey by the Cabinet Office released today shows that morale in Japan's services sector fell to a record low in April, indicating an intensification of pressure on the economy from coronavirus-driven
Oil falls amid fears of second wave of coronavirus and rising US inventories
13 May 2020 11:23 AM |il prices fell today amid concerns about a possible second wave of coronavirus cases in countries that have eased lockdowns, which could lead to renewed restrictions while industry data showed that US
RBNZ expands QE to mitigate consequences of coronavirus
13 May 2020 10:25 AM |As expected the Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 0.25%
US automakers are beginning to return to work
12 May 2020 11:38 AM |Factory workers began returning to assembly lines in Michigan on Monday, paving the way for the US auto sector to reopen, but this has raised fears of a second wave of coronavirus
Plans to reopen factories in Michigan stalledPlans to reopen factories in Michigan stalled
11 May 2020 04:07 PM |Michigan was to allow its factories to resume production on Monday after more than six weeks of closure due to the coronavirus, thereby removing a major hurdle for North American automakers
Bank of Japan Summary: Risks facing pace of post-virus recovery
11 May 2020 01:48 PM |The Bank of Japan indicated that there are many downside risks facing the pace of economic recovery
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