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U.S. Fed Chair Powell warns of prolonged recession amid COVID-19 crisis
The COVID-19 crisis raises "long-term concerns," a prolonged recession and weak recovery could lead to an extended period of low productivity growth.
Washington, D.C. extends stay-at-home order to June 8
Washington, D.C. Mayor Muriel Bowser announced on Wednesday that the city is extending its stay-at-home order through June 8.
COVID-19 to slash global economic output by 8.5 trln USD over next 2 years
The global economy is projected to contract sharply by 3.2 percent this year, according to the UN report.
Fiji needs to protect natural biodiversity for sustainable development
The safeguarding and protection of Fiji's natural biodiversity must take precedence in all aspects of development.
IMF receives Chile's request for 23.8 bln USD FCL
IMF on Tuesday said it has received Chilean authorities' request for a 23.8 billion U.S. dollars Flexible Credit Line (FCL) over two years.
Downward revision of growth forecast ＂very likely＂ : IMF chief
IMF Managing Director Kristalina Georgieva said on Tuesday that the multilateral lender would "very likely" further cut global growth forecasts.
Philippine GDP growth to shrink 2.0 to 3.4 pct in 2020 due to COVID-19
The Philippines's economic growth is projected to contract by 2.0 to 3.4 percent in 2020 due to COVID-19 that continues to savage the country.
Vietnam's central bank cuts rates to push post-pandemic recovery
The State Bank of Vietnam (SBV) has decided to slash many rates by up to 0.5 percentage points from Wednesday.
U.S. Fed official warns of more pessimistic scenarios
While the U.S. economy is likely to pick up in the second half of the year, more pessimistic scenarios with new coronavirus infections.
Stay-at-home restrictions likely to be extended for another 3 months in LA
Los Angeles County's stay-at-home orders in response to the COVID-19 pandemic will likely be extended for another three months.
Sanders says unlikely to run for U.S. president again
Senator Bernie Sanders of Vermont has said that it's "very, very unlikely" that he will run for U.S. president again.
Australian university staff agree to pay cuts to save 12,000 jobs
University staff across Australia agreed to mass pay cuts on Wednesday, in order to save around 12,000 positions.
Feature: Tourism rejuvenates old Silk Road town
Feature: Chinese digital company seeking growth in U.S.
To Sort Anbang’s Assets, Chinese Authorities Create Dajia
UBS: The globe is headed for a recession if U.S-China trade talks fails
