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Australia’s economy takes sharpest dive since the 1930s

CANBERRA, Australia (AP) — Australia’s economy has suffered its sharpest quarterly drop since the Great Depression because of the pandemic, with data released on Wednesday confirming the country is in its first recession in 28 years. The latest national accounts showed the economy shrank 7% in the June, the biggest

China’s companies emerge as global donors in virus pandemic

BEIJING (AP) — As the coronavirus spread, the world’s richest communist dug into his deep pockets. Jack Ma, founder of

Manufacturing output plummets amid COVID-19 lockdown

New Delhi, May 4 (ANI): There was an unprecedented contraction in Indian manufacturing output during April amid the national lockdown

oil tanker
Oil prices crater as demand evaporates, storage fills

NEW YORK, April 21 (AP) — The world is awash in oil, there’s little demand for it and we’re running

IMF approves over USD 1.3 billion emergency financing to Pakistan

Washington (ANI): The International Monetary Fund (IMF) on Thursday approved USD 1.3 billion in emergency financing to Pakistan to address

Record 22 million have sought US jobless aid since virus

WASHINGTON (AP) — The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck forced 5.2 million

Trump says new guidelines aim to lift some restrictions

WASHINGTON (AP) — President Donald Trump said he’s prepared to announce new guidelines allowing some states to quickly ease up

Virtual summit: SE Asia leaders meet by video on pandemic

HANOI, Vietnam (AP) — Forced apart by the coronavirus pandemic, Southeast Asian leaders linked up by video Tuesday to plot

Stocks open higher on Wall Street after deal on virus…

NEW YORK (AP) — Stocks are opening higher on Wall Street after Congress and the White House reached a deal

Fed to buy unlimited government debt, lend to businesses

WASHINGTON (AP) — In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it