economy

Oil collapses to under $11 as world awash with crude

  by Roland JACKSON Agence France Presse US oil prices dived to 22-year lows under $11 Monday after crashing 40…

US virus job losses hit 22 mn as Trump eyes restart

  by Chris STEIN Agence France Presse WASHINGTON, United States (AFP) -- US job losses from the coronavirus pandemic reached…

Global stock markets and oil prices slide as virus impact mounts

NEW YORK, United States (AFP) -- Global stocks sank Wednesday as COVID-19 infects the global economic outlook, while oil prices…

Virus sends Germany into recession, to last to mid-year

BERLIN, Germany (AFP) -- Europe's economic powerhouse Germany plunged into recession in March, with the slump sparked by the coronavirus…

Chinese economy contracts for first time in decades: AFP survey

  by Beiyi SEOW Agence France Presse BEIJING, China (AFP) -- China's economy contracted for the first time in around…

Pandemic causing deep recession, and it could get worse: IMF

by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) -- The coronavirus pandemic is pushing the global economy into…

Virus is snarling supply chains across US, survey says

  WASHINGTON, United States (AFP) -- Almost all US companies surveyed in the last half of March said the coronavirus…

Pandemic recovery will require more, coordinated stimulus: IMF

WASHINGTON, United States (AFP) -- After the pandemic ends, governments will have to provide even more cash infusions to help…

IMF approves debt relief for 25 poor countries

WASHINGTON, United States (AFP) -- The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to…

African economies hard hit by coronavirus pandemic

By David ESNAULT avec les bureaux africains de l'AFP Agence France-Presse ABIDJAN, Ivory Coast (AFP) -- Sub-Saharan Africa has not…

Another 6.6 million US workers file for unemployment benefits last week

WASHINGTON, United States (AFP) -- Business shutdowns caused by the coronavirus pandemic caused 6.6 million US workers to apply for…

Italy injects record 400 billion euros into pandemic-hit economy

by Dmitry ZAKS ROME, Italy (AFP) -- Italy on Monday unveiled a record 400 billion euro ($430 billion) stimulus to…

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