Beijing has continued rising its international trade reserves – already the world’s largest – including $ 10.64 billion in June to its $ three.112 trillion, central financial institution knowledge confirmed on Tuesday. ...

The Covid-19 pandemic is about to value world tourism as much as $ three.three trillion if the sector, which is important for a lot of nations’ economies, stays halted for one yr attributable to coronavirus restrictions, a current UN examine concludes. ...

The newest knowledge from the Treasury Division reveals that the US gross nationwide debt has exceeded $ 26 trillion for the primary time, because the nation grapples with financial aid from the Covid-19 pandemic. ...

NAIROBI, Kenya — When Chinese language engineers flew residence in January for the Lunar New 12 months, few in Africa would have imagined that coronavirus outbreak was about to floor planes, upend provide traces and freeze work on dozens of Chinese language-built roads, railways, ports and energy stations. Lots of ...

Because the Financial institution of England says it’s contemplating the thought of damaging rates of interest as a final resort amid the Covid-19 disaster, the US Federal Reserve’s stability sheet has topped $ 7 trillion for the primary time ever. ...

During the last two months unemployment in the US has risen to ranges not seen because the Nice Despair. Nevertheless, US billionaires received even richer throughout the identical interval of coronavirus pandemic. ...

The coronavirus pandemic may chop almost 10 p.c off world gross home product (GDP), the Asian Improvement Financial institution (ADB) predicts, greater than doubling its earlier forecast. ...

Democratic lawmakers have handed an enormous $ three trillion coronavirus assist bundle, the biggest invoice to ever transfer by way of Congress, however the Senate is prone to block the regulation, with Republicans deeming it a progressive “wishlist.” ...

Billionaire investor Paul Tudor Jones mentioned lately he was betting on bitcoin as the perfect hedge towards inflation within the age of coronavirus. The cryptocurrency reminds him of gold within the 1970s, he added. ...

Scores of individuals world wide proceed to be contaminated and get sick from the coronavirus. Well being authorities are nonetheless specializing in guaranteeing no extra folks contract the possibly lethal illness, nevertheless, attorneys are beginning to level their fingers in China's path for being on the centre of the outbreak. ...