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Lagarde says euro area economy likely to shrink between 8 to 12 pct in 2020

Lagarde says euro area economy likely to shrink between 8 to 12 pct in 2020

2020-05-27 20:39

ECB President Christine Lagarde said Wednesday that the 19-member euro area economy is likely to contract between 8 percent and 12 percent this year.

France GDP likely to contract by 20 pct in Q2

France GDP likely to contract by 20 pct in Q2

2020-05-27 20:00

France's economy is likely to contract by 20 percent in the second quarter (Q2) this year.

Kenyas flower exports increase as EU eases lockdown

Kenya's flower exports increase as EU eases lockdown

2020-05-27 19:36

Kenya's flower exports increased from 20% to 65% of normal levels in the last one month after some EU countries relaxed their lockdown regulations.

Wharton dean expects global economic recovery to take longer amid COVID-19

Wharton dean expects global economic recovery to take longer amid COVID-19

2020-05-27 18:46

Geoffrey Garrett: Global economic recovery is expected to "take a longer time" as countries slowly start to loosen containment measures amid COVID-19.

Singapores services industries see revenue decline 1.1 pct in Q1

Singapore's services industries see revenue decline 1.1 pct in Q1

2020-05-27 14:09

On a non-seasonally adjusted basis, the business receipts declined 5.9 percent quarter-on-quarter in the period.

Angola approves amendments to private investment law

Angola approves amendments to private investment law

2020-05-27 11:07

The Angolan government on Tuesday approved amendments to the private investment law, including a new contractual regime.

Chinas production resumption drives BRI cooperation, fuels global growth

China's production resumption drives BRI cooperation, fuels global growth

2020-05-27 10:06

Near the Kazakh-Russian border in the Kostanay Region, a wind farm contracted by Chinese firm Universal Energy is under fully-fledged construction.

Europeans continue to heal economic wounds, infections top 2 mln

Europeans continue to heal economic wounds, infections top 2 mln

2020-05-27 06:08

As markets and industries lick their wounds from the impact of the coronavirus crisis, European governments are turning their focus to reopeningf.

Germany to extend contact restrictions untill June 29

Germany to extend contact restrictions untill June 29

2020-05-27 04:28

The German federal government and the 16 states have agreed in principle to keep coronavirus contact restrictions in place until June 29.

Chinese factory in Uganda making face masks to plug shortage

Chinese factory in Uganda making face masks to plug shortage

2020-05-27 01:18

Ugandan President Yoweri Museven launched two production lines at a Chinese-owned factory that has started making face masks to plug shortages.

Singapore downgrades 2020 GDP growth forecast for 3rd time since February

Singapore downgrades 2020 GDP growth forecast for 3rd time since February

2020-05-27 00:52

Singapore's MTI announced on Tuesday that Singapore's GDP growth forecast for 2020 was further downgraded to "-7.0 to -4.0 percent".

Macron announces 8-bln-euro support plan for French car industry

Macron announces 8-bln-euro support plan for French car industry

2020-05-27 00:10

French President Emmanuel Macron on Tuesday announced an 8-billion-euro (8.8-billion-U.S.-dollar) plan to support the country's automotive industry.

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