While markets reacted positively this week to promising news of possible developing coronavirus vaccines, a leading economist warned that the economic impact of the pandemic will be here for a long time. A large number of small businesses that closed in March when restrictions on social movements went into effect …
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The pan-European Stoxx 600 rose 1.1% in early trading, with banks adding 3.4% to lead gains as all sectors and major exchanges traded in positive territory. EU heads of state had been in talks since Friday morning to discuss the proposed recovery fund and the upcoming EU budget, but there …
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The golden domes of the Kremlin’s churches and cathedrals are illuminated at sunset in Moscow, Russia, Monday, April 9, 2018. Andrey Rudakov | Bloomberg | fake pictures Russia has rejected allegations that it coordinated piracy attempts against academic and pharmaceutical organizations in the West, and Finance Minister Anton Siluanov told …
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European stocks fell on Monday after European Union leaders meeting over the weekend failed to agree on a multi-million dollar recovery fund for the region to help it recover from the coronavirus crisis. The pan-European Stoxx 600 fell 0.6% lower in initial trade, with travel and leisure stocks falling 2.3% …
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The economic consequences of the coronavirus pandemic are likely to worsen when authorities begin to reverse aid measures, and banks could experience “much more damage” to their balance sheets, said Piyush Gupta, executive director of the Singaporean bank DBS group. Speaking to Christine Tan, CNBC presenter “Managing Asia,” Gupta said …
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