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World - 2020-05-08
Grim economic data shows devastating impact of virus
Global Business Economy

Grim economic data shows devastating impact of virus

Evidence mounted of the devastating economic impact of the coronavirus pandemic on Thursday as hard-hit Europe moved to further ease lockdown measures that ground its economies to a halt.
Published 08 May, 2020 12:05am
International tourism to plunge up to 80pc due to virus: UN
Global Business Economy

International tourism to plunge up to 80pc due to virus: UN

The number of international tourist arrivals could plunge by 60 to 80 percent in 2020 owing to the coronavirus, the World Tourism Organization said Thursday, revising its previous forecast sharply lower.
Published 08 May, 2020 12:05am
British Airways parent dives into huge quarterly loss
Global Business Economy

British Airways parent dives into huge quarterly loss

British Airways owner IAG said Thursday it plunged into the red in the first quarter as the coronavirus pandemic grounded planes, adding that pre-crisis passenger demand would not return until 2023.
Published 08 May, 2020 12:05am
Millions more Americans file for jobless benefits; productivity tanks
Global Business Economy

Millions more Americans file for jobless benefits; productivity tanks

Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.
Published 08 May, 2020 12:05am
China exports see surprise 3.5 percent jump, imports fall
Global Business Economy

China exports see surprise 3.5 percent jump, imports fall

China's exports saw a shock 3.5 percent rise in April despite the global impact of the coronavirus pandemic, official figures showed Thursday, partly due to rising medical exports.
Published 08 May, 2020 12:05am
Lawmakers endorse Netanyahu-Gantz government

Lawmakers endorse Netanyahu-Gantz government

Israeli Prime Minister Benjamin Netanyahu received crucial support in his bid to form a unity government Thursday, inching closer to ending more than a year of political deadlock.
Published 08 May, 2020 12:05am
Japan approves remdesivir for coronavirus treatment

Japan approves remdesivir for coronavirus treatment

Japan on Thursday authorised the antiviral drug remdesivir to treat coronavirus patients, the government said, with an eye to approving another medication Avigan this month.
Published 08 May, 2020 12:05am
Floods kill 65 in Rwanda

Floods kill 65 in Rwanda

Floods have left 65 dead in Rwanda and heavy rains swept away scores of houses, several bridges and farms, the government said Thursday, as similar scenes played out across East Africa.
Published 08 May, 2020 12:05am
EU defends agreeing to Chinese censorship

EU defends agreeing to Chinese censorship

The EU on Thursday defended agreeing to let Beijing censor an article by European ambassadors published in Chinese media to remove a reference to the coronavirus originating in China.
Published 08 May, 2020 12:05am
Trump urges China, Russia, US arms control in Putin call

Trump urges China, Russia, US arms control in Putin call

US President Donald Trump called Thursday for involving China in new arms control talks with Russia, telling his Russian counterpart Vladimir Putin that they need to avoid a "costly arms race," the White House said.
Published 08 May, 2020 12:05am