China Economy Shrinks 6.8% In Q1, Sees No Path To Speedy Growth
The Chinese economy's first-ever contraction in history belies hopes of a rapid return to the growth path for the global economy.
Home Sales Seen Falling 15% This Year, Hurting Home Owners And Lenders
The housing sector is facing uncertainties this year and next because of the market conditions caused by the coronavirus pandemic. Home sales could slump as much as 15%, some estimates show.
China Factories Struggle As World Battles Pandemic
Although Chinese factories have resumed production after containing the coronavirus outbreak, it's economy is suffering from the supply chain disruptions across the world.
China Auto Sector Struggles Despite Cash Stimulus
Chinese auto industry was struggling to get back on track after the coronavirus outbreak as buyers were keeping away despite government's offer of cash stimulus and tax breaks to rev up sales.
Airlines Stare At Choosing Between Nationalization And Bankruptcy
For major US Airlines, accepting the Trump administration's $25 billion bailout plan under the CARES Act would mean choosing quasi-nationalization over bankruptcy as they face $250 billion in...
Food Supply Worries Rise As Countries Build Stockpiles
The prices of foodgrains and several other agricultural produce are rising despite a good harvest, because the coronavirus lockdowns have disrupted supply chains.
Coronavirus Triggers Food Security Worries As Farming Is Hit
Farmers were the biggest victims of the U.S.-China trade war and the pandemic has worsened the situation for them.
Coronavirus Threatens China’s $1 Trillion Consumer Debt Bubble
The economic downturn and rising unemployment caused by the coronavirus has affected Chinese consumers' ability to service existing loans and take on new ones.
Japan To Fund Companies To Shift Production Out Of China
Prime Minister Shinzo Abe's $2.2 billion worth of allocation to help Japanese companies move production facilities out of China is one step toward redrawing global supply lines.
Post-Coronavirus India-US Ties Get Drug Boost
President Trump said Indian Prime Minister Narendra Modi's decision to allow the export of anti-malarial drug hydroxychloroquine to the U.S. "will not be forgotten."
Ivanka Trump Is In Frontline Of Effort To Get Small Businesses Back Up And Running
The First Daughter's role in prodding big lenders to loosen their purse strings for small businesses and her refreshing social media posts encouraging people to be in good spirits have caught media...
Green Energy Eyes Pandemic Boost Over Oil, Gas
The crisis that has hit the hydrocarbon-based energy regime because of the global coronavirus pandemic may be opening up an opportunity for the renewable energy economy. Green energy sources like...
The Pandemic May Lead To The Rise Of A Risk-Averse Generation
The global pandemic may be silently creating a generation of supersavers who are averse to risk-taking and would save rather than spend. Economists think the change in financial behavior may be bad...
Stimulus Check: Weakening Economy Prompts Demand for More
The government will be sending out $1,200 checks for eligible individuals and $2,400 for couples soon, but Goldman economists believe there is a strong feeling that another round of monetary relief...
Coronavirus Fears: Amazon Ignores Worker Protests, Keeps Warehouses Humming
Workers at the online retailer are on the edge as pandemic fears increase and have walked out of work a couple of times accusing the company of inadequate safety measures.
US Eyes Curbing China's Role In Medical Supplies
Bipartisan pressure is increasing on the Trump administration to reduce U.S. dependence on the global supply chain for vital medical supplies dominated by China as the new coronavirus pandemic...
China Exports, Jobs Take Massive Hit As Coronavirus Chokes Off Global Demand
China may have achieved success in controlling the spread of the new coronavirus but the plummeting global demand is set to inflict more pain on the country's economy.
Rent Pause Response May Worsen Pandemic Economic Ravages
The increasing demand for rent holiday to help tenants tide over likely job loss from the new coronavirus pandemic may have much wider implications for the economy, resulting from mortgage defaults...
Coronavirus Economic Impact: Some Jobs May Never Come Back
The economy’s recovery may not be as sharp as after the great depression of 2008-2009.
Saudi Aramco’s Shale Gas 'Revolution' Can Pressure Oil, Redraw Gulf Politics
Saudi Arabia's shale gas technology breakthrough could have a significant geopolitical impact as the kingdom would be able to supply gas to regional allies that now depend on Qatar.