A recession in the US economy and other countries around the world seems increasingly likely given the impact of the coronavirus pandemic on trade and financial markets, The Wall Street Journal writes. US stock indices Dow Jones Industrial Average and Standard & Poor's 500 fell by more than...

Due to the situation with coronavirus, Apple is closing its stores outside of Greater China (mainland China, Hong Kong, Macau and Taiwan) until March 27, the company’s website said in a statement. "We close all of our retail stores outside of Greater China until March 27," the statement said. It...

United States president Donald Trump is facing calls for cutting tariffs on Chinese and other imported goods from industry groups, lawmakers and even some government officials because of the economic fallout of the spread of the coronavirus that the businesses in the country are facing. Such urges...

On Friday, the Financial Services Commission of South Korea announced a temporary ban on the sale of uncovered shares for six months due to market instability caused by the COVID-2019 coronavirus pandemic. On March 11, the World Health Organization declared the outbreak of coronavirus a pandemic....

The ECB, at its scheduled meeting on Thursday, March 12, kept all rates at the same level, but announced an additional asset repurchase of € 120 billion; the Reserve Bank of New York, in turn, announced large-scale programs for providing short-term liquidity. Thus, the regulators are trying to...

Italians have been directed to stay back home and venture out only for emergencies or essential work-related purposes in order to prevent the spread of the virus even as the most strict curbs in whole of Europe have been imposed in the country so far.   The government has also directed...

The announcement of the coronavirus pandemic pulled down the US stock market. Major stock indices fell by a few percent. The Dow Jones index fell more than 500 points after the World Health Organization (WHO) recognized the new coronavirus as a pandemic. Initially, it amounted to 24,174 points, but...

The proposed EU budget from 2021-27 aims at carbon neutrality by 2050. The chairman of the EU has proposed to fill up the gap in its “next long-term budget” which has been created with the exit of Britain from the bloc, whereby introducing a new tax on plastics and tapping on the funds of carbon...

ECB needs to get a better understanding of climate change impact and its affect on the economy to find ways of playing its role. The President of European Central Bank, Christine Lagarde stated that banks need to up their game towards transparency on “their exposure to climate- change risk” while...