global economy

World leaders to hold crisis talks as virus toll tops 21,000
World

World leaders to hold crisis talks as virus toll tops 21,000

World leaders are to hold online crisis talks Thursday on the coronavirus pandemic that has forced three billion people into…
Italy virus deaths hit record as Trump goes on war footing
World

Italy virus deaths hit record as Trump goes on war footing

Italy on Wednesday reported nearly 500 new deaths from the novel coronavirus, the highest one-day official toll of any nation,…
Virus-hit Gulf has little room to boost revenue after oil price shock
Business

Virus-hit Gulf has little room to boost revenue after oil price shock

DUBAI (Reuters) — The coronavirus outbreak and plunging crude prices are a double blow that leaves Gulf Arab governments with…
Major banks move to calm coronavirus fears as toll passes 6,000
World

Major banks move to calm coronavirus fears as toll passes 6,000

The US Federal Reserve and other central banks announced on Sunday a bold set of measures to shore up confidence…
Virus sparks wild stock market swings as closures spread
World

Virus sparks wild stock market swings as closures spread

Global stock markets went on a rollercoaster ride Friday over the surging coronavirus crisis that is upending events across the…
Policymakers ramp up support as coronavirus fears shred markets
World

Policymakers ramp up support as coronavirus fears shred markets

SINGAPORE/WASHINGTON (Reuters) – Governments and central banks readied more emergency measures to tackle the economic impact of the coronavirus on…
Stocks, crude hammered as Trump’s Europe ban fans recession fears
Business

Stocks, crude hammered as Trump’s Europe ban fans recession fears

Equities and oil prices fell through the floor again on Thursday after Donald Trump banned all travel from Europe to…
Saudi, UAE economies rocked by plunging oil prices and virus
Middle East

Saudi, UAE economies rocked by plunging oil prices and virus

DUBAI, United Arab Emirates (AP) — It’s been a turbulent week for Saudi Arabia and the United Arab Emirates, and…
Oil drop, coronavirus are ‘perfect storm’ for Middle East, North Africa: World Bank
Business

Oil drop, coronavirus are ‘perfect storm’ for Middle East, North Africa: World Bank

DUBAI (Reuters) — A record drop in oil prices and the coronavirus outbreak have left the Middle East and North…
Saudi Arabia cuts off travel over virus as markets tumble
Middle East

Saudi Arabia cuts off travel over virus as markets tumble

DUBAI, United Arab Emirates (AP) — Saudi Arabia closed off air and sea travel to nine countries affected by the…
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