Germany In Recession: Economy Shrank By 2.2% In First Quarter
German government officials and economists warns second quarter results will be even worse
Thursday’s Stock Market Close: US Equities Recover From Early Losses As Bank Stocks Rise, Oil Jumps
U.S. stocks rebounded on Thursday from early losses driven by more bleak job numbers.
Coronavirus Repercussions: Global Insurance Industry Stands To Lose At Least $200 Billion This Year
If the lockdown lasts into the next quarter, total losses would be even higher.
Coronavirus Victim: Singapore Airlines Records Its First Ever Annual Loss
Singapore Airlines has flown for almost a half-century
Australia Lost A Record 600,000 Jobs In April, Prime Minister Warns Things Will Get Worse
The official unemployment rate jumped to 6.2%, although the true figure is probably much higher
Airbus May Slash 10,000 Jobs As Aircraft Orders Canceled, Demand Wanes
Airbus may follow Boeing’s example with huge job cuts
Thursday’s Stock Market Open: US Equities Fall As Another 3 Million File For Jobless Claims
U.S. stocks fell on Thursday as the unemployment picture darkened even further
Wednesday’s Stock Market Close: US Equities Fall On Downbeat Outlook by Fed Chief Jerome Powell
U.S. stocks fell on Wednesday as Fed Chairman warned of significant downside risks for economy.
U.S. Accounted For Nearly Half Of Global Nuclear Weapons Spending In 2019
Nine nuclear powers spent a record $73 billion in nuclear arms last year.
France Slaps Back At China’s Criticism Of Its Arms Sales To Taiwan
Taiwan said it needs to upgrade its military to counter the threat posed by China
European Travel Operator TUI Group To Cut 8,000 Jobs As It Restructures
TUI seeks to cut costs by 30%.
Prime Minister Modi Unveils $265 Billion Package To Save India’s Economy
The stimulus package amounts to 10% of Indian GDP
Wednesday’s Stock Market Open: US Equities Fall As Fed Chief Powell Sees Significant Downside Risks
U.S. stocks fell on Wednesday as Fed Chairman called for more government aid to support economy.
Tuesday’s Stock Market Close: US Equities Fall As House Democrats Unveil $3 Trillion Coronavirus Relief Bill
U.S. stocks fell on Tuesday as Senator Lindsey Graham threatens sanctions on China
Norway To Withdraw $40 Billion From Sovereign Wealth Fund To Fight Coronavirus Impact
Norway’s $1 trillion oil fund is the biggest sovereign wealth fund in the world
Below Zero: Bank of England Official Suggests Negative Interest Rates Are Possible
U.S. central bank officials have rejected negative interest rates.
Saudi Aramco’s First Quarter Profit Plunges 25%, But Dividend Payments Remain On Track
Saudi Aramco vowed to make huge dividend payments prior to last year’s IPO
Tuesday’s Stock Market Open: US Equities Rise While Consumer Prices Weakened In April
U.S. stocks rose on Tuesday as traders look forward to more states reopening their economy.
Indian National Faces Trial In Germany For Spying On Sikhs, Kashmiris For India’s Secret Service
India fears separatist movements in Punjab and Kashmir
Monday’s Stock Market Close: US Equities Finish Mixed, Overcome Early Weakness, Powered By Nasdaq
U.S. stocks finished mixed on Monday but strength in tech names pushed Nasdaq higher
Apple May Move 20% Of Manufacturing Capacity From China To India, Boost Indian Tech Exports
Apple is seeking to reduce its reliance on Chinese manufacturing
Saudi Arabia Unveils Austerity Program, Including Tripling Of VAT, To Fight Coronavirus Impact
Low oil prices have greatly slashed Saudi Arabia’s state revenues.
Coronavirus Victim: Avianca, One Of Latin America’s Largest Airlines, Files For Bankruptcy
Avianca has been in operation since 1919.
Monday’s Stock Market Open: US Equities Drop As New Coronavirus Cases Confirmed In South Korea, Japan, China
U.S. stocks fell on Monday on worries about the feasibility of reopening the economy.
Friday’s Stock Market Close: US Equities Rally As Traders Shrug Off Horrific April Jobs Report
The Labor Department said more than 20 million jobs vanished in April
One-Fifth Of U.S. Apartment Dwellers Did Not Pay Their May Rents, But That's An Improvement From April
Most American apartment households (80%) were able to pay their rents for May.
Algeria, Reeling From Pandemic, Low Oil Prices, Rules Out Loans From IMF, World Bank
Algeria’s energy sector accounts for 20% of its GDP.
Southeast Asian Banks Posting Losses, Bracing For Waves Of Bad Loans
The coronavirus pandemic has hit Southeast Asia particularly hard.
Friday’s Stock Market Open: US Equities Rise Despite Catastrophic April Jobs Report
U.S. stocks opened higher on Friday despite report noting 20 million jobs were lost in April.
British Airways Owner IAG Taps U.K. Government Funding, CEO Warns Of More Restructuring
IAG’s Spanish carriers have already secured about $1.1 billion in state-backed loans
