World Economy

Economists fear forecast may turn out higher

Report says 34% Pakistanis living on just $3.2 or Rs588 a day income

Would-be finance minister doesn’t rule out increase in prices of petroleum products

Volvo notched a sixth straight annual sales record in 2019, of more than 700,000 cars

IMF official cites better-than-anticipated data from China, other advanced economies

US says tariffs on China are justified as Beijing is stealing intellectual property

Sharp sell-off in tech stocks also threaten to stall rally that jumped to near record highs

Piled-up storage, uncertainty over China’s oil demand cloud recovery

Signs US economy’s rebound could be stalling in absence of fiscal stimulus also weigh

No employees will be furloughed

Aims to raise $4b for pandemic response

Decision comes on top of 6,000 redundancies already announced

S& P says recent explosion in Beirut is deepening country’s economic crisis

Increase in imports comes ahead of trade deal review

Aims to secure jobs against economic fallout, structural shifts in auto industry

June drop is less severe than the 18.15% contraction analysts had estimated in a Reuters poll

Bank of England official says strong consumer spending helped recoup losses caused by pandemic

Washington says bloc has not done enough but signals willingness to find solution

Battle over technological advancement accelerating this transition

Huawei denies it spies for China

Italian govt approves new stimulus package worth €25 billion

Resurgence of Covid-19 infections also threatens to snuff out nascent economic recovery

Oil prices rise to 5-month high

Some investors worry US response to coronavirus is dealing blow to greenback

Airline says it has negotiated deal with stakeholders for consensual recapitalisation

Sees commodity exporters, tourism-dependent countries reporting current account deficits

US indices rebound as investors shrug off Covid-19 cases, US-China tensions

On Friday, its stock fell more than 4% following the Reuters story on the rights issue

Read said the size of the stake to be floated had yet to be decided

Electric vehicle maker launches IPO in one of biggest US listings by Chinese firms this year

Equity rally stalls this week as investors pour $24.5b in bonds

Hopes to bring jet to market as travel rebounds after downturn caused by pandemic

Retailers already struggling before Covid-19 with high rents, tight margins

Economy comes under pressure due to coronavirus pandemic and US sanctions

Kristalina Georgieva says govts should keep support programmes in place

Behavioural shifts during pandemic have lifted sector further into stratosphere

European stocks trade lower as investors shift to wait-and-see mode

Investment in new aircraft to be cut by 50% as airline struggles to cope with crisis

Staff protests over airline's response to pandemic

World stocks rose for a fourth straight day

European aircraft maker plans to cut 15,000 posts in response to crisis

Optimism over easing measures wins over fear of surging coronavirus infections

Aims to double exports of vehicles and components in next five years

IMF warns of dangers from flood of unconventional policies

Growing job losses, virus cases in US, concerns of trade war batter sentiments

Economic damage to different sectors across the globe has come as a major shock for all the countries

Risk appetite grows on signs that global economic downturn has bottomed

Covid-19 has wreaked havoc with supply chains and quashed demand due to lockdowns

Sovereign wealth fund to finance overseas investments

IEA says investment may plunge by 20% in 2020 due to coronavirus