COVID-19 impact: We have entered recession – IMF Chief cries out
The world’s economy is now in a recession and projects a rebound in 2021, the IMF said on Friday. Georgieva, the Managing Director of the International Monetary Fund (IMF), on Friday…
COVID-19: Cruise ships around the globe stranded at sea as ports turn them away
Ports around the globe are turning cruise ships away en mass amid the coronavirus pandemic, leaving thousands of passengers stranded even as some make desperate pleas for help while…
Covid-19: British PM, Health Minister’s positive results sends fear among cabinet members
Moments after British Prime Minister Boris Johnson announced that he has tested positive for coronavirus as the outbreak spreads across the UK, Health Secretary Matt Hancock also announced he is…
G20 leaders to pump $5 trn into global economy in fight against coronavirus
Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from the coronavirus and…
Oil price plunge scalps Nigeria, Angola, Mexico ratings, Saudi, Russia spared
The plunge in oil prices took a number of high-profile sovereign rating scalps on Thursday, including Nigeria, Mexico, Angola, Ecuador and Oman, although the architects of the slump, Saudi Arabia…
Coronavirus: Global food security at risk as supply chain gets distorted
Global food security concerns are mounting with around a fifth of the world’s population already under lock down to fight the widening coronavirus pandemic that has infected over 470,000…
We need to raise our voices against all expressions of racism, instances of racist behaviour -UN
UN Secretary-General António Guterres says the world “still lives in the shadow of the transatlantic slave trade” in spite of rejecting racism. In a video message to mark the 2020…
COVID-19: 67 Italian Priests have died so far
A total of 67 Italian priests infected with the novel coronavirus have died since the pandemic reached the Mediterranean country last month, the Avvenire newspaper said on Wednesday. The…
Khashoggi’s killing: Twenty Saudi suspects indicted by Istanbul prosecutors
Jamal Khashoggi Istanbul prosecutor’s office said on Wednesday it had prepared an indictment against 20 suspects over the killing of Saudi journalist Jamal Khashoggi, including the former deputy head…
COVID-19: Airlines beg for rescue as losses hit $250 billion
Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to…