AFP Washington The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. “It is clear that we have entered a ..
dpa Washington In another warning sign of how hard the coronavirus crisis may punish the US economy, American consumer confidence in March saw its sharpest drop since the Great Recession in 2008. Until now, relatively high levels of ..
QNA Doha Qatar Central Bank (QCB) Governor Sheikh Abdullah bin Saoud al Thani has launched Qatar Mobile Payment System (QMP) to provide a new and safe method for immediate electronic payment. The system was launched after ..
AFP Frankfurt am Main The European Central Bank on Friday asked eurozone banks to freeze dividend payments “until at least October 2020” to preserve liquidity that can be used to help households and companies through the ..
AFP Washington US President Donald Trump signed into law the $2 trillion rescue plan to salvage a US economy crippled by the novel coronavirus, on a day the nation’s total count of COVID-19 cases surpassed 100,000. Trump’s signature ..
Tribune news network Doha Huawei Consumer Business Group (BG) on Saturday announced in China the Huawei P40 Pro+, Huawei P40 Pro and Huawei P40, the new Huawei P40 Series flagship smartphones featuring cutting-edge designs with ..
AFP Beirut Lebanon on Friday pledged to finalise a plan to restructure the country’s massive debt by the end of 2020, just weeks after its first default in history. Finance Minister Ghazi Wazni promised “a full restructuring of the ..
AFP Washington President Donald Trump issued a federal order Friday to force auto giant General Motors to manufacture ventilators, as supplies of the crucial hospital equipment grow short and coronavirus infections mount across ..
Tribune news network doha “We are all Keynesians now.” That was notoriously stressed by US president Richard Nixon in 1971, months before engineering the end of USD convertibility into gold and launching fresh new measures of price ..
AFP New York Hedge funds have lost billions of dollars as coronavirus has stalled the economy and sent Wall Street into a tailspin. But the financial institutions favored by the world’s richest investors are plotting a recovery by ..