Economies in Asia will benefit from China's economic recovery -- analyst
Economies in Asia will benefit from China's economic recovery, according to David Chao, Invesco's global market strategist for Asia Pacific.
“China’s economic recovery will lift...
Home sales data in US show slight increase in April 2020
Home sales data in US show slight increase in April 2020. Sales of newly built houses increased by 1% in April compared with March,...
US GDP dropped at a 5% rate in the first quarter according to Commerce...
The US GDP dropped at a 5% rate in the first quarter according to the Commerce Department. A worse decline is yet to come...
OECD: The global economy will contract by 4.5% in 2020
The global economy will contract by 4.5% in 2020, according to the Organization for Economic Cooperation and Development (OECD).
While the global economy has surpassed...
McLaren Group to lay off 1,200 staff as coronavirus hits car races
The McLaren Group announced that it will lay off 1,200 employees. They account for roughly 25% of the supercar maker's workforce.
McLaren, owner of the...
US reopening must happen despite deaths, sickness -- Trump
US reopening must happen even if it leads to more deaths and sickness from the coronavirus outbreak, according to President Donald Trump.
Trump wants US...
How US economic recovery will happen according to Federal Reserve
A full US economic recovery will not happen until there is a coronavirus vaccine, according to the chairman of Federal Reserve.
Jerome Powell, head of...
Is a second stimulus check on its way for Americans?
Is a second stimulus check on its way for Americans? Senate Majority Leader Mitch McConnell said that Congress will discuss it in the coming...
China suspends tariffs on some US products amid preliminary trade deal
China has announced the suspension of additional tariffs scheduled to be imposed on some US products, including corn, cars and auto parts, after agreeing...
Online grocery sales in Middle East increased during the pandemic
Online grocery sales in Middle East increased during the coronavirus pandemic, and the trend may stay, according to a retail executive.
Supermarket operator Carrefour’s online...
