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Latest Articles in global economy

Global Economy: Asia's Factory Pain Worsens As China's Recovery Fails To Lift Demand

South Korea's IHS Markit purchasing managers' index (PMI) edged down to 41.3 in May, the lowest since January 2009 and below 41.6 in April.

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Global Energy Investment Expected To Tumble 20% In 2020 Due To COVID Crisis - IEA

Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill.

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IMF's Georgieva Urges Tech Firms To Work On Access To Digital Economy For All

Government spending to keep companies afloat during shutdowns and workers employed would help with the recovery from the crisis.

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Vodafone Keeps Dividend As Pandemic Hits Roaming, But Boosts Data

Core earnings reached 14.9 billion euros ($16.1 billion) in the year ended March 31, with group revenue up 3% to 45.0 billion euros, driven by business in Europe.

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IMF's Georgieva Downbeat On Global Economic Forecast, Warns Against Protectionism

The IMF's April projection for a 3% contraction the global economy would mark the steepest downturn since the Great Depression of the 1930s.

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PM Modi, European Council President Discuss COVID-19 Situation

"The two leaders discussed the situation of and responses to the COVID-19 pandemic in India and the European Union.

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Global Markets: Shares Gain As Investors Look To Lockdown Easing

Analysts expect a 15% decline in S&P 500 first-quarter earnings, with profits for the energy sector estimated to have slumped more than 60%, raising fears of debt defaults.

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American Express Quarterly Profit Plunges 76%

The company's net income fell to $367 million, or 41 cents per share, in the quarter ended March 31 from $1.55 billion, or $1.80 per share, a year earlier.

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Global Markets: Asian Shares Fall On Coronavirus Drug, Economic Damage Concerns

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4%. U.S. stock futures, the S&P 500 e-minis, were down 0.72%.

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Business After The Pandemic

The life after the pandemic could be very different. As businesses start to open, business fundamentals would look very different than before. Few critical things which would change are

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The Next Economic War Will Be Fought Via Currencies: Prabal Basu Roy

In an interaction with Annurag Batra, Chairman and Editor-in-Chief, BW Businessworld, Director and Advisor to Chairman of Corporate Boards, Prabal Basu Roy discusses about the global market condition, China’s strategy and the Indian economic scenario post Covid-19

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Global Economy: Pandemic Throws Asia's Services Firms, Factories Into Deeper Decline

Asia's economic woes, seen in flash purchasing managers' indexes are likely to be echoed in other parts of the world with similar surveys from major European economies

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COVID-19 Will Be With Us For Long Time, Says WHO

COVID-19 has infected more than 2.6 million people around the world and a total of 1,83,027 people have died due to coronavirus

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Asia Equities Set To Plunge After US Crude Collapses For Second Day

The Dow Jones Industrial Average fell 2.67% to 23,018.88, the S&P 500 lost 3.07% to 2,736.56 and the Nasdaq Composite dropped 3.48% to 8,263.23.

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US Oil Futures Slump To Historic Lows Below Zero, Brent Plunges

Global benchmark Brent crude also fell sharply in response to the collapse of demand following reduced economic activity.

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