Topic: Global Economy

As the Covid-19 pandemic shows no signs of letting up, ThePrint highlights the most important stories on the crisis from across the globe.

As the Covid-19 pandemic shows no signs of letting up, ThePrint highlights the most important stories on the crisis from across the globe.

Next 3 months stand to reveal the underlying economic pain more vividly than past 3 months as massive fiscal assistance from govts is soon going to fade.

As the Covid-19 pandemic shows no signs of letting up, ThePrint highlights the most important stories on the crisis from across the globe.

London/Mumbai: India’s decision to impose the world’s biggest virus shutdown has exposed a weak spot for the largest securities firms, which grappled with a sudden halt of their operations there. Some global banks are scrutinizing their presence in Asia’s third-largest economy after the lockdown in March effectively closed call centers and other units overnight. European regulators have also assessed the impact of India’s lockdown on the banking industry this week, showing the challenges of providing the infrastructure such as laptops required to work remotely. The push to outsource support functions such as call centers “exposed these banks to operational risks,” according to a European Banking Authority report. “Many such offshore facilities were less prepared to address the Covid-19 operational challenges owing to a lack of opportunities for remote working or reduced availability of staff,” the EBA said. JPMorgan Chase & Co, Barclays Plc and Nomura Holdings Inc. are among lenders that initially...

The social media initiative encourages artists to sell their work directly on Instagram & support fellow artists by buying their work.

The new estimates by ADB are more than twice the range of $2 trillion to $4.1 trillion the development bank gave 3 April.

The fall was the biggest since the financial crisis of 2008 and included a contraction of 5.8 per cent in the March GDP alone, the biggest monthly fall on record.

As the Covid-19 pandemic shows no signs of letting up, ThePrint highlights the most important stories on the crisis from across the globe.

Weeks of increasingly dire real-economy figures and Covid news didn’t move the US market in a big way.