The economic damage caused by the COVID-19 pandemic is largely driven by a fall in demand, meaning that there are not consumers to purchase the goods and services available in the global economy.
As a country under Western sanctions, Zimbabwe has failed to obtain significant financial bail-outs from major multilateral lenders to fight the disease, but China has stood behind the country, offering the much-needed assistance that has helped strengthen the country’s response to the pandemic.
It’s not as good as the elections, of course, but there is also a nice rivalry to win the race for who raises more funds between Donald Trump and Joe Biden.
Muslims in Nepal on Sunday organised a protest against atrocities on Uighur Muslims in the Xinjiang province of China.
The United Kingdom (“UK”) has established itself as a leading restructuring destination in Europe. This article highlights the impact Brexit, and the uncertainty relating to Brexit may have on cross-border transactions and restructurings in the UK.
Since Nepal has claimed three territories in India as its own, the tension between the two countries has been on an increase mode. Following the concern of India on the constant quarrel of Nepal government.
The thud of Wall Street, where the indices are experiencing the most marked decline in over two months due to the stop of the rally in the technology sector, penalized the European stock exchanges, which in the last part of the session first canceled the gains of the morning and they then slipped into red.
Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, all former Soviet republics, are facing similar problems.
Southeast Asian economies are having a big impact from the global economic crisis caused by the spreading of the pandemic.
18 countries without Coronavirus There have now been more than…
The planet’s average surface temperature has risen about 1.62 degrees Fahrenheit (0.9 degrees Celsius) since the late 19th century, a change driven largely by increased carbon dioxide and other human-made emissions into the atmosphere.
Three of the most active banks in financing oil exports from Ecuadorian amazon- an environmentally destructive industry with a long track record of trampling on indigenous people’s rights- have agreed to cease important parts of their financial supports after pressure from NGOs and a devastating oil spill in 2020.
While the current coronavirus pandemic continues to endanger millions of lives around the world, there was an enormous decline in CO2 emissions in the first half of 2020 — higher than during the 2008 financial crisis, the 1979 oil crisis, or even World War II.
The anti-racist protests were followed by the murder of George Floyd, a 46-year-old African American man, after Derek Chauvin, a white police officer knelt on Floyd’s neck for almost nine minutes during the arrest in the previous day.
It seems that Qatar is also in negotiations to normalise its relations with Israel, following the recent normalisation of ties between the Jewish state, the United Arab Emirates and Bahrain (August 2020).