World Economy

Europe’s €750b recovery fund helps offset concerns about Hong Kong unrest

Double down on plan to cooperate on car production to save costs

Austria, Sweden, Denmark and the Netherlands call for loans-based approach instead

Rush to develop Covid-19 vaccine drives up prices for pharmaceutical stocks

Oil price fall hits commodity currencies

Optimism prevails after news tests on Covid-19 vaccine have proved encouraging

Bourses in Britain, Germany and France recover some of last week’s losses

Strong economic data from China, overshadow concerns

Global oil demand slumps about 30% as crisis hits hard

Tolerance of tax loopholes is decreasing in corona-hit EU states

Demand for Pakistan’s textile, leather may fall in major export markets

Supply glut offsets hopes for recovery in demand as some countries ease lockdowns

Moscow says alliance should shift strategy once demand recovers

All businesses of Asian region trying hard to cope with unfolding situation

Mnuchin says US govt seeks to help nation’s oil and gas sector amid virus outbreak

World Bank warns initial scenario forecast grim drop in economic output

May WTI crude contract plunges as storage options run out

China remains largest investor; power sector attracts highest investment

Aims to support cash reserves as coronavirus pummels sales and production

Seoul was flat, while Shanghai closed 0.3% higher and Singapore was up 0.7%

Brent futures fell 0.7%, to $27.49 a barrel, while WTI rose 1.5%, to $20.17

Investors also fretted on news that US President Donald Trump had frozen US funding for the World Health Organization

US crude stocks surge by 19m barrels in highest one-week increase

IMF board approves first batch of countries to receive grants

Integrated plan by big nations for fiscal support of emerging economies missing

Delay comes amid pressure from US to urgently stabilise global oil markets

Says a further cut can follow as it keeps rating on negative outlook

Economists predict violent recession eclipsing even the Great Depression

Analysts say infinite monetary policy easing may not be enough and fiscal steps are crucial

India is pressing Qatar to renegotiate LNG prices, which may benefit Pakistan as well

Investors will anxiously watch for coordinated response to fight global health crisis

Alarm wipes trillions from Asian stocks, send futures for European and US markets plunging

Hotel booking rate dive from 95% to 40% by first week of March

All countries would need to take concrete policy steps to protect their people and limit harm to their economies

European carriers worst hit as shares battered; Norwegian Air slumps 25%

Investors welcome indications from leading central banks that they stand ready to intervene

Some view it as opportunity to grab big share in world market

Wall Street dived around 3% after it opened as the ugly sell-off spread

Analyst says beyond near-term disruptions to supply chains, coronavirus could have an effect on headline GDP

Airbus says decision further escalates trade tensions between US and EU

Move aimed at combating under-invoicing, duty and tax evasion

Chinese markets remain closed all week

Migrating across continents, locusts destroy green vegetation that comes in their way

Concerns heighten about escalation in Middle East conflict and possible impact on oil supplies

Beijing has long promised to further open up its economy to foreign investment

It’s time economic planners and the global elite radically change their modus operandi

Target gap in textile market as the US looks for alternatives

Saudi Arabian Oil Co (Aramco) raised a record $25.6 billion in its IPO last week

Growth slowdown is attributable to expected weakening of US economy