French Finance Minister Bruno Le Maire has urged the European Union to slap sanctions on the United States in their dispute over state aid for Boeing and Airbus.
The US economy has witnessed sharpest contraction in decades during the second quarter of 2020 due to the coronavirus pandemic.
Qatar Airways received a 7.3 billion riyals ($1.95 billion) lifeline from the Qatar government after losing 7 billion riyals in the year to March 31, the state-owned group disclosed on Sunday.
Income earned from work globally had a drop of an estimated 10.7%, or $3.5 trillion, in the first nine months of 2020 in comparison to the same period a year ago, the International Labour Organization (ILO) said on Wednesday.
IMF chief Kristalina Georgieva has warned of a possible second wave of the coronavirus, urging countries around the world to keep their support programs in place.
The global economy will contract at least six percent this year, with the unprecedented loss of income and "extraordinary uncertainty" caused by measures to contain the coronavirus outbreak, the Organization for Economic Cooperation and Development (OECD) says.
The coronavirus pandemic could cost the global economy up to $82 trillion as most countries have slid into a serious recession due to the fallout of the fatal disease, a new report shows.
The United States government says its exports faltered nearly 10 percent in March, taking the country’s trade deficit to over $44 billion.
The US economy contracted in the first quarter at its sharpest pace since the Great Recession as businesses across the country shut down and laid off tens of millions of workers to slow the spread of the coronavirus pandemic.
Amid the worsening economic damage from the coronavirus pandemic, another 5.2 million US workers were jobless and sought unemployment benefits last week, the US regime reported Thursday.