COVID Pandemic Weakens National Economies as Countries Continue to Reopen
The coronavirus pandemic continues to take a toll on national economies, with Germany among its latest victims.
The pandemic pushed the European economic powerhouse into a recession in the first quarter, as its economy shrank by 2.2 percent.
Germany’s federal …
European Markets Begin Week in Positive Territory
European markets are beginning the week on a high note, with all three major indexes making gains in early trading Monday.
The FTSE in London and the DAX in Frankfurt are both 0.4% higher, while the CAC-40 in Paris is …
Global Markets Mixed on Thursday
Global markets were mixed Thursday, with Asian indexes struggling despite good economic news from China.
Japan’s Nikkei index closed 0.2 percent higher, while the TSEC 50 in Taipei finished 0.6 percent higher. The indexes in Hong Kong, Shanghai and Sydney …
Asian Markets Make Gains Tuesday
Asian markets are trading higher Tuesday.
Sydney’s S&P/ASX index was up 1.4% in midday trading, while the Hang Seng index in Hong Kong was 0.7% higher and Taiwan’s TSEC 50 was 0.5% higher. Seoul’s KOSPI index had lost 2.6%.
The …
Coronavirus to Spark Record Drops in Energy Demand, Report Finds
Economic lockdowns imposed due to the coronavirus pandemic may spark record cuts in global energy demand and carbon dioxide emissions, according to a new report by the International Energy Agency.
The Paris-based IEA said in a report released Thursday that …
Coronavirus Sends Economies Plunging; Glimmer of Hope on Treatment
The coronavirus is sending the U.S. economy into the biggest and fastest collapse since the Great Depression, with economic output reported shrinking at an alarming rate Wednesday and the number of Americans thrown out of work estimated at nearly 30 …
Stocks Rally on Hopes of Reopening Global Economy
WASHINGTON – Global stocks rallied on Monday, showing investors optimism about the gradual reopening of the global economy. But the oil market suffered further losses.
Major U.S. market indexes ended in positive territory when trading closed. The Dow Jones Industrial …
Local Economies Suffer in Cambodia as Thailand Closes Border to Stop Spread of Virus
Citizens of Cambodia living along the country’s border with Thailand are struggling to make ends meet as authorities close checkpoints between the two nations to stop the spread of the novel coronavirus (COVID-19), prompting calls for a government bailout.
Authorities …
China’s Exports Slump as Anti-virus Controls Close Factories
BEIJING – China’s exports fell by double digits in January and February as anti-virus controls closed factories, while imports sank by a smaller margin.
Exports tumbled 17.2% from a year earlier to $292.4 billion, a sharp reverse from December’s 7.8% …