Jun 24 IMF downgrades outlook for global economy in face of virus By Martin Crutsinger, Associated Press The IMF predicts that the global economy will shrink 4.9% this year, significantly worse than the 3% drop it had estimated in its previous report in April. Continue reading
Jun 11 Watch 4:19 News Wrap: Coronavirus cases continue to surge in Brazil, India In our news wrap Thursday, the pandemic continues to surge in other parts of the world. Brazil and India have reported major infection increases, and the World Health Organization reiterated that “the threat of a resurgence remains very real.” Also,… Continue watching
May 14 Dubai airport CEO: Global travel still up in air over virus By Jon Gambrell, Associated Press The CEO of the world's busiest airport for international travel wants to get the globe flying again, but even he acknowledges everything remains up in the air during the coronavirus pandemic. Continue reading
May 13 U.N. forecasts pandemic to shrink world economy by 3.2% By Edith M. Lederer, Associated Press The United Nations is forecasting that the coronavirus pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the 1930s. Continue reading
May 07 Foreigners on the frontlines of pandemic in Arab Gulf states By Aya Batrawy, Associated Press The global pandemic has drawn attention to just how vital foreigners are to the Arab Gulf countries where they work, particularly as countries like Saudi Arabia, Kuwait and Oman expel foreigners from certain sectors to create jobs for their own… Continue reading
Apr 30 Europe’s employment aid keeps jobs from vanishing — for now By Masha Macpherson, David McHugh, Associated Press Government programs are keeping hard-hit businesses across Europe afloat, preventing millions of workers from losing their jobs and income for now, and thousands of bosses from seeing their trained staff scatter. Continue reading
Apr 16 U.S. job losses mount as economic pain deepens worldwide By Christopher Rugaber, Lori Hinnant, Associated Press The ranks of Americans thrown out of work by the coronavirus ballooned Thursday to more than 20 million in just four weeks, an unprecedented collapse fueling widening protests and propelling President Donald Trump's push to relax the nation's social distancing… Continue reading
Apr 14 IMF: Global economy will suffer worst year since Depression By Paul Wiseman, Martin Crutsinger, Associated Press Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. Continue reading
Mar 23 Over 1.5 billion globally asked to stay home to escape virus By Lori Hinnant, Foster Klug, Associated Press The hunt for masks, ventilators and other medical supplies consumed the U.S. and Europe, as more than 1.5 billion people — one-fifth of the world's population — were asked or ordered to stay home on Monday to try to blunt… Continue reading
Mar 05 Global markets slide again amid concern over coronavirus By Associated Press Stocks are opening sharply lower on Wall Street, erasing 2% from major indexes, a day after surging 4% as the mood swings back to fear. Continue reading