economy

France heading for worst recession since WWII: minister

  PARIS, France (AFP) -- France is facing its deepest recession since the end of World War II because of…

Coronavirus threatens nearly 20 million African jobs: study

  ADDIS ABABA, Ethiopia (AFP) -- Millions of lost jobs, mounting debt woes and plunging remittances are among the economic…

Coronavirus casts shadow over Everest

by Paavan MATHEMA Pictures by PRAKASH MATHEMA Agence France-Presse KHUMJUNG, Nepal (AFP)  — The Himalayan hilltown of Khumjung should be bustling…

Coronavirus drives 6.65 million to file for US jobless benefits

WASHINGTON, United States (AFP) -- Another 6.65 million US workers filed for unemployment benefits last week, the most ever recorded,…

The rent is due but many Americans can’t pay the bills

by Luc OLINGA and Juliette MICHEL NEW YORK, United States (AFP) -- The coronavirus pandemic took Brittany Brook's job on…

Air Canada to temporarily lay off half its workforce

MONTREAL, Canada (AFP) -- Air Canada announced Monday it would temporarily lay off nearly half of its employees and reduce…

Singapore eases monetary policy as virus slams economy

SINGAPORE (AFP) -- Singapore's central bank eased monetary policy Monday as the city-state, seen as a bellwether for the health…

Oil prices at 17-year lows as virus ravages world

  SINGAPORE (AFP) -- Oil prices extended losses in Asian trade Monday and languished at 17-year lows, with the coronavirus…

EU to propose new post-virus economic stimulus package

  BRUSSELS, Belgium (AFP) -- The European Commission will propose a new stimulus package to help the bloc recover from…

IMF chief: “It’s clear we have entered recession”

WASHINGTON, United States (AFP) -- The coronavirus pandemic has driven the global economy into a downturn that will require massive…

Coronavirus pushes 3.3 million to claim US jobless benefits

WASHINGTON, United States (AFP) -- The economic shutdown caused by the coronavirus pandemic sparked an explosion of Americans filing for…

Singapore GDP shrinks most since financial crisis amid pandemic

SINGAPORE, Singapore (AFP) -- Singapore's economy, a bellwether for trade-reliant Asian countries, suffered its worst contraction since the global financial…

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