The International Monetary Fund anticipates the worst economic fallout since the Great Depression from the coronavirus pandemic
In times of crisis, the world’s economic policy makers have often gathered at G-20 summits and at the semiannual meetings of the International Monetary Fund and World Bank to formulate global rescues. But not this time.
No officials will travel to Washington, D.C., for meetings that had been scheduled this week. Instead, finance ministers and central bankers—like most of the world’s office dwellers—will hold their meetings virtually, attempting to combat the most severe global downturn since the Great Depression, via teleconferences...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stimulus checks for up to $4,700 have begun arriving in bank accountsData indicates that around 40 percent of the deposits so far were for $1,200, although some were higher.
Read more »
Check your balance: Coronavirus stimulus money starts to flow into bank accountsJUST IN: Americans are starting to receive their cash payments via direct deposits, part of the $2T bill passed by Congress to stimulate the economy after the decline caused by the coronavirus pandemic.
Read more »
What AIDS Taught Coronavirus Leaders: You Can’t Bank on a Fast VaccineAnthony Fauci and Deborah Birx belong to a generation of physicians whose professional lives are bookended by two lethal viruses. This is what the infectious disease leaders who came of age in the 1980s know now.
Read more »
China central bank raises stake in India's HDFCThe People's Bank of China increased its stake in Housing Development Finance Corp Ltd to 1.01% from 0.8%, the Indian lender said in a filing on Saturday.
Read more »
Indonesia central bank may stay on hold for market stability: Reuters pollA small majority of analysts expect Indonesia's central bank to keep its policy rate on hold on Tuesday, as it tries to maintain stability in its currency and capital markets amid pressures from the coronavirus outbreak, a Reuters poll found.
Read more »