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COVID-19 to make global economy shrink by almost 1% in 2020: UN

The global economy could shrink by up to one per cent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast...
International Business

World leaders rush in to shore up panic-hit global financial system

World leaders raced to shore up panic-stricken global markets on Thursday, pouring liquidity into the financial system as investors everywhere dumped assets, switching to...
International Business

Airline industry crisis deepens as coronavirus pain spreads

The crisis for airlines deepened on Thursday as Lufthansa warned the industry might not survive without state aid if the coronavirus pandemic lasts a...
International Business

Saudi Arabia floods markets with $25 oil as fight with Russia escalates

Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe...
International Business

Russia reaches out to OPEC as Riyadh escalates price war

Russia said Tuesday it was open to renewing cooperation with the OPEC oil cartel even as kingpin Saudi Arabia escalated a price war with...
International Business

Twitter strikes deal with investors, ending bid to oust Dorsey

Twitter unveiled a deal with key investors Monday to end an effort to oust chief executive Jack Dorsey, creating a new committee on the...
International Business

New Chinese billionaires outpace US by 3 to 1

China minted three times as many new billionaires than the United States in the past year, with fortunes made in drugs and online entertainment...
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