WASHINGTON (Reuters) – The coronavirus pandemic has caused more extensive and profound damage to economic activity than previously thought, the International Monetary Fund said Wednesday, prompting the institution to further cut its global output forecasts by 2020. The IMF said it now expects 2020 global output to shrink by 4.9%, …
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NEW YORK (Reuters) – The dollar rose on Wednesday as a surge in coronavirus cases in the United States weighed in on optimism about a rapid economic recovery, and as the United States weighed tariffs on European products. FILE PHOTO: US dollar bills are seen in this image illustration from …
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MUNICH / MANILA (Reuters) – The Philippines is investigating Wirecard’s $ 2.1 billion accounting scandal, which said former chief operating officer of German payments firm Jan Marsalek could be in the country. FILE PHOTO: Markus Braun, CEO of Wirecard AG, an independent provider of white label outsourcing solutions for electronic …
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