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Bengaluru: The audit of Lebanon’s central bank accounts announced last month will include every transaction at the bank, Economy Minister Raoul Nehme says.
ROME/WASHINGTON: Italy and the United States were among a slew of countries tentatively easing coronavirus lockdowns on Monday to revive economies as global deaths surpassed a quarter of a million
Since mid-March Israelis have experienced a similar, if not stricter, lockdown to most Western nations. Unemployment has skyrocketed to over 25%, and the Bank of Israel estimates the effects of Covid-19 to be costing the economy over 1.5 billion shekels (US$420mil) per day.
VIENNA: The U.N. atomic agency is sending an initial batch of equipment to about 40 countries, including Malaysia, with which they will be able to perform a standard test for the coronavirus involving a technique derived from nuclear science, it said on Wednesday.
(Bloomberg) -- Emerging markets have just taken a first-quarter battering. The fear on Wall Street is that it may hardly compare with what’s coming.
WASHINGTON: The coronavirus has already driven the global economy into recession and countries must respond with "very massive" spending to avoid a cascade of bankruptcies and emerging market debt defaults, the head of the International Monetary Fund warned on Friday.
ABU DHABI: Three of the biggest Arab economies have pledged almost US$47bil in stimulus to limit the economic damage of the coronavirus outbreak, joining a global effort meant to soothe markets and salvage growth.
DUBAI: With the world in the grip of one of the biggest risk sell-offs since the 2008 global financial crisis, more coronavirus-fueled declines in emerging markets may only be tempered by the prospect of coordinated central bank action or even large fiscal stimulus.