Coronavirus tanked international markets, however for grain producers like Russia, the ache was eased by a surge in costs. Extra unhealthy information is on the horizon, nonetheless, as virus-induced labor shortages threaten the fruit and vegetable provide. ...
Car producers the world over have accelerated efforts to restart their factories amid the Covid-19 pandemic which has despatched the auto business into the worst tailspin for the reason that 2008-2009 monetary disaster. ...
Oil costs slide as OPEC+ closes in on document manufacturing minimize deal
Posted On Thursday, April 9, 2020 By Russian Opinion. Under Economy Tags: closes, deal, OPEC, prices, production, record, slide
Following a short surge, crude costs slumped once more on Thursday, whereas OPEC and main producers led by Russia are nonetheless discussing a brand new output minimize deal, anticipated to be a document one. ...
Crude costs jumped 12 p.c on Thursday after the Group of the Petroleum Exporting International locations (OPEC) and main producers led by Russia agreed to chop output by 20 million barrels a day, based on Reuters sources. ...
Elevated panic shopping for of meals resulting from coronavirus lockdowns has led to cost spikes for the world’s two staple grains, rice and wheat. Importers rushed to stockpile the products, whereas exporters have curbed shipments. ...
Putin proclaims extra measures to help Russian financial system & enterprise amid coronavirus pandemic
Posted On Thursday, April 9, 2020 By Russian Opinion. Under Economy Tags: additional, amid, announces, Business, coronavirus, Economy, measures, pandemic, Putin, Russian, support
Russian President Vladimir Putin has instructed the federal government and the Central Financial institution to develop a further enterprise help program amid the COVID-19 outbreak. This system must be finalised inside 5 days, he stated. ...
Covid-19 could trigger deepest financial disaster ‘of our lifetimes’ — WTO chief
Posted On Wednesday, April 8, 2020 By Russian Opinion. Under Economy Tags: cause, Chief, Covid19, crisis, deepest, economic, lifetimes’, of
A pandemic brought on by the novel coronavirus is prone to spark an unprecedented fall in international commerce in addition to an financial disaster rivaling the Nice Melancholy, the top of the World Commerce Group (WTO) warns. ...
Because the Covid-19 pandemic continues to unfold in the US, a document single-day variety of greater than 1,800 fatalities has been reported on Tuesday. It brings the full variety of deaths within the nation to almost 13,000. ...
The Financial institution of France stated on Wednesday that the nation’s economic system shrank round six p.c within the first quarter of this yr, its worst efficiency because the finish of WWII. ...
As the worldwide financial system is scuffling with the impression of the Covid-19 pandemic, issues are rising concerning the stability of the worldwide financial system. ...
