EU to propose new post-virus economic stimulus package

The European Commission will propose a new stimulus package to help the bloc recover from the economic damage caused by the coronavirus pandemic.

US agency includes gun sellers as 'critical' infrastructure

The firearms industry was not part of the federal agency's original list of critical infrastructure issued just over a week ago. The designation in an update later released follows a brewing legal battle between gun rights groups and officials.

Italy PM calls for European recovery bonds – report

In an interview with Italian daily Il Sole 24 Ore on Saturday, Conte said a common debt instrument was needed to spearhead a European recovery and reinvestment plan to support the economy of the whole area.

IMF chief: 'Clear we have entered recession'

"It is clear that we have entered a recession" that will be worse than in 2009 following the global financial crisis, IMF chief Kristalina Georgieva said.

US restaurants on the edge of failure over virus crisis

The restaurant industry has been one of the hardest-hit since local governments across the US started ordering residents to stay at home as much as possible to curb the spread of the novel coronavirus.

Record 3.3 million seek US jobless aid

More than three million people in the US filed a claim for unemployment benefits last week as coronavirus pandemic is devastating the country's economy.

More countries follow Imran Khan’s lead in calling for debt relief

As fears of a global recession grow as a result of the Covid-19 spread, African countries, along with the World Bank, have issued calls for a moratorium on debt payments.

Five sectors that are booming amid the coronavirus pandemic

The unmet needs of a home-bound population offer new economic opportunities and sectors like pharma and food are at first-mover advantage.

Turkey subjects ventilators to export control

The country's total coronavirus infections have crossed 2,400 and 59 people have died as yet.

US Senate passes $2 trillion rescue package

The US Senate unanimously passed a $2-trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus pandemic, as well as providing billions of dollars to buy urgently needed medical equipment.

Trump and US Congress agree on $2 trillion coronavirus rescue bill

The agreement came after days of often intense haggling and mounting pressure and still needed to be finalised in detailed legislative language.

Flipkart stops services as India lockdown impedes online grocery deliveries

Prime Minister Narendra Modi ordered a 21-day lockdown from Tuesday midnight, but a federal government advisory suggested exempting e-commerce deliveries of essentials such as food and medical equipment in addition to grocery stores and banks.