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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 restrictions to help stem the spread of the coronavirus disease 2019 (COVID-19) which in turn led to widespread business closures. In an environment of severely reduced demand, the new business

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

Dow drops more than 900 points, ending worst week since…

Wall Street ended the week the same way it began: in full retreat from the coronavirus. Stocks fell sharply and

Trump boasts of economic gains on eve of impeachment verdict

WASHINGTON (AP) — Addressing the nation in extraordinary times, President Donald Trump declared America “stronger than ever before” Tuesday night