economic fallout
AA Edit | Economy in freefall, govt must act quickly
Economists like Raghuram Rajan and others have suggested the government to open its purse strings to support the demand
Big Tech including Apple, Facebook reports mixed earnings amid pandemic
Apple delivered surprisingly strong numbers with both its revenue and profit rising, defying analysts' lowered expectations
Economic fallout from COVID-19 could push more than billion into ‘extreme poverty’
The outlook for the world’s poorest looks grim unless governments do more and do it quickly, says a UNU report
Oil prices slip on dim economic outlook, despite improved demand
A bleak economic outlook from the U.S. Federal Reserve put downward pressure on oil prices
Borrowing limit of states increased to tackle economic fallout of covid19
The decision comes after requests posed by various state governments
Indian government brushes off proposal to impose coronavirus tax on super rich
Some 50 officers of Indian Revenue Service recommended raising highest tax rate to 40% for people with annual income above 10 million rupees
SAARC nations unveil emergency stimulus packages
India responded by unveiling a Rs 1.7 lakh crore (USD 22.6 billion) economic stimulus plan
US airlines lobby for funds, 30 airline groups appeal for long-term help
President Donald Trump has said repeatedly that his administration will help the airlines
Asian markets plunge, yen and gold rally as Covid19 fears mount
The rapid spread of the disease and rising death toll are putting a greater strain on economies and stoking concerns of worldwide recession