Global economy to plunge to deepest recessions post-COVID since Great Depression: World Bank
On Wednesday, the World Bank approved the extension of health emergency programmes to up to $12 billion for vaccines and therapeutics in developing countries
By 2021, as many as 150 million people likely to be in extreme poverty due to COVID-19, says World Bank
In its report, the World Bank noted that the lack of recent data for India severely hinders the ability to monitor global poverty
Centre issues SOPs for approaching festival season; India's COVID-19 cases rise to 66.8 lakh
As per the new guidelines, organisers will be required to provide adequate area for an event along with a detailed site map of the venue and proper markings to maintain social distancing
A third of land, ocean area on Earth could be protected without harming economy: Report
Conserving at least a third of the planet’s land and oceans could prevent mass extinctions and allow vital habitats to be restored.
StanChart’s Jose Vinals predicts economic recovery led by Asia in late 2020; says most economies to suffer negative growth rates
StanChart's annual investor meeting was closed to shareholders in line with government restrictions to control the spread of the new coronavirus.
Warren Buffett's Berkshire posts nearly $50 billion loss hit by coronavirus; says made 'a mistake' investing in airline sector stocks
Berkshire's stock price has fallen 1% in 2020, compared with a 12% drop in the Standard & Poor’s 500, despite Warren Buffett’s prediction that Berkshire would outperform in down markets.
Full text: Coronavirus vaccine could take two years, humankind has never had a more urgent task, writes Bill Gates
Humankind has never had a more urgent task than creating broad immunity for coronavirus.
HSBC first-quarter profit halves on increased loan loss provisions due to coronavirus crisis
HSBC said last week it is pressing ahead with plans outlined in February to shift capital from underperforming businesses, reduce costs and strip out layers of management.
Health
Bill Gates lists out scientific advances needed to stop COVID-19 in online memo, says 'testing critical to control coronavirus'
Testing is critical to getting the COVID-19 disease under control and beginning to re-open the economy, says Bill Gates
Stock Market Latest Updates: Sensex tanks 536 points, Nifty below 9,200-mark; except energy, pharma all other indices end in red
Stock market today LIVE Updates: Sensex over 400 points down, Nifty opens below 9,200-level; bank stocks among major losers
Pandemic throws global economy into deeper decline; govts, central banks around world unleash fiscal support to tide over crisis
Separate data on Thursday showed South Korea’s trade-reliant economy, Asia’s fourth-largest, shrank at its fastest pace since 2008 as self-containment measures kept shops closed and slumping global demand hurt exports.
Stock Market Latest Updates: Sensex tanks over 1,000 points, Nifty below 9,000-mark; except pharma, all other sectoral indices end in red
Stock Market Today LIVE Updates: Sensex plunges 870 points, Nifty at 9,000-level; Rupee slips 26 paise to 76.79 against dollar
Rupee plummets 43 paise to settle at all-time low of 76.87; investors flee to safe haven greenback
At the interbank foreign exchange, the rupee opened weak at 76.75, and during the day lost further ground to settle at 76.87, registering a fall of 43 paise over its previous close.
IMF projects India's GDP growth at 1.9% in 2020, forecasts global recession due to coronavirus
The IMF on Tuesday projected a GDP growth of 1.9 percent for India in 2020, as the global economy hits the worst recession since the Great Depression in the 1930s due to the raging coronavirus pandemic that has nearly stalled all economic activities across the world
Coronavirus Outbreak: IMF anticipates sharpest negative economic growth fallout since Great Depression
The year 2020 could see the worst global economic fallout since the Great Depression in the 1930s with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF Managing Director Kristalina Georgieva said on Thursday
Coronavirus outbreak has 'drastically altered' India's growth outlook, says RBI in Monetary Policy Report
The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth
India's GDP for FY21 projected at 4.8%, coronavirus outbreak to have adverse economic impact globally: UN report
India's GDP growth for the current fiscal is expected to slow down to 4.8 percent, a UN report has said, warning that the COVID-19 pandemic is expected to result in significant adverse economic impacts globally
Coronaviorus Outbreak: US Fed's economic rescue plan may shape global economy for decades to come
US Federal Reserve officials launched an economic rescue plan in record time last month as the coronavirus pandemic spread, reaching decisions that may shape the global economy for decades to come in the space of a few frantic weeks
Global economy could shrink by almost 1% in 2020 due to coronavirus pandemic: UN
The global economy could shrink by up to one percent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast of 2.5 percent growth, the UN has said, warning that it may contract even further if restrictions on the economic activities are extended without adequate fiscal responses
BSE, NSE, forex, commodity markets shut today for Ram Navami; Asian stocks slip as Trump warns of horrors to come
The wholesale commodity markets, including metal and bullion, will remain shut. There will be no trading activity in the forex and commodity futures markets, too.