economy

Australia economy shrinks 1.1% in 2020

SYDNEY, Australia (AFP) -- Australia's economy contracted 1.1 percent in 2020 as the coronavirus pandemic took hold, but saw a…

NEDA chief pushes for entire PHL to be placed under MGCQ by March, cites rising hunger incidence

  (Eagle News) – The National Economic and Development Authority (NEDA) is pushing for the entire country to be placed…

UK economy shrinks record 9.9% in 2020 on virus

by Roland JACKSON LONDON, United Kingdom (AFP) -- Britain's economy shrank by a record 9.9 percent last year on the…

Indonesia virus-hit economy posts first yearly contraction since 1998

JAKARTA, Indonesia (AFP) -- Indonesia on Friday logged its first annual contraction since the 1998 Asian financial crisis, as the…

Electric vehicle sales surge in EU amid Covid slump

by Taimaz SZIRNIKS Agence France-Presse PARIS, France (AFP) — Demand for electric vehicles soared in the EU last year as…

Samsung Electronics profit spikes on pandemic-driven demand

  by Sunghee Hwang Agence France Presse SEOUL, South Korea (AFP) -- Samsung Electronics, the world's biggest smartphone and memory…

Spain economy shrinks 11% in 2020: statistics institute

  MADRID, Spain (AFP) -- Spain's economy contracted sharply by 11 percent in 2020 due to the upheaval triggered by…

Facebook profit surges percent as pandemic fuels use

  Facebook profit surged in the final three months of last year as people enduring the holidays in a pandemic…

Apple profit soars, revenue tops $100 bn for first time

Apple said Wednesday that profits surged in the final three months of the year on growing sales of iPhones and…

World lost equivalent of 255 million jobs in 2020: UN

  by Nina LARSON Agence France Presse The coronavirus pandemic took a huge toll on global jobs last year, the…

UK inflation jumps in December

LONDON, United Kingdom (AFP) -- Britain's annual inflation rate jumped in December partly on higher transport costs as Covid restrictions…

Singapore’s virus-hit economy suffers worst decline in 2020

  SINGAPORE (AFP) -- Singapore's economy suffered its worst ever annual contraction in 2020 as the coronavirus pandemic hammered the…

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