World Apr 10

A religious service is performed in a nearly empty Uppsala Cathedral on a Good Friday in Uppsala, Sweden April 10, 2020. Photo by Jonas Ekstromer/TT News Agency/via Reuters
Economic devastation looms on a Good Friday like no other

As Christians around the world observed a Good Friday like no other, at home watching livestreams instead of at church, pressure mounted on governments to restart some industries and fend off further economic devastation from the coronavirus.

Economy Mar 27

A restaurant is seen closed as a woman walks past at an empty commercial area after local authorities restricted the activities of restaurants, bars, gyms, movie theaters and other similar businesses for precaution due to coronavirus disease (COVID-19) spread in West Palm Beach, Florida, March 24, 2020. Photo by Carlos Barria/Reuters
IMF head says global economy now in recession

IMF Managing Director Kristalina Georgieva said the 189-nation lending agency was forecasting a recovery in 2021. But she said this would only occur if nations succeed in containing the coronavirus and limiting the economic damage.

Mar 12

Iran asks for billions in loans as virus death toll climbs

Iran asked the International Monetary Fund for a $5 billion loan to fight the coronavirus, the first time since the 1979 Islamic Revolution that it has sought such assistance, in a staggering admission of how fragile its economy has become…

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