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Topic: Global Economy

Aerial view of the Amazon rainforest | Commons

Germany’s second wave, Kenya cancels school year, Amazonians in distress & other Covid news

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

Philippine President Duterte’s popularity at risk, US dollar weakening & other Covid stories

As the Covid-19 pandemic shows no signs of letting up, ThePrint highlights the most important stories on the crisis from across the globe.
Pedestrians pass in front of the Nasdaq MarketSite in the Times Square neighborhood of New York, US (representational image) | Michael Nagle/Bloomberg

The next 3 months will reveal how badly global economy has been hit by coronavirus

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.
A laboratory technician collects vials of patient swabs during coronavirus detection testing at a laboratory

Why US pandemic is different from EU’s, boom in lockdown erotica & other global Covid news

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

Hit by lockdown, global banks are assessing pros and cons of having back offices in India

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...
Art Chain India, an initiative of artists Purvai Rai and Ayesha Singh | #ArtChainIndia Instagram

ArtChainIndia, a peer-support movement helping artists tide over the Covid crisis

The social media initiative encourages artists to sell their work directly on Instagram & support fellow artists by buying their work.
FIle photo of Asian Development Bank Headquarters | Commons

Coronavirus could cost global economy $8.8 trillion – that’s almost 10% of global GDP

The new estimates by ADB are more than twice the range of $2 trillion to $4.1 trillion the development bank gave 3 April.
A British Union flag, also known as a Union Jack, flies in front of the clock face on the Elizabeth Tower in London on 28 August

UK GDP shrinks by 2% amid Covid-19 crisis, biggest quarterly decline since 2008

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.
US President Donald Trump, with Anthony Fauci and Deborah Birx, speaks during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C. | Photographer Kevin Dietsch/UPI/Bloomberg

Fresh wave in China, White House struggles to control pandemic and other global Covid news

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

Surprisingly, April was Wall Street’s best month in decades

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

On Camera

People stand in a queue at a food distribution point during the nationwide lockdown in Navi Mumbai on 24 April 2020 | PTI

Why even herd immunity may not fully protect us from coronavirus

Herd immunity might be a temporary state of affairs. The coronavirus-induced economic & social changes may induce a rotation of potential superspreaders.
Dubai

Dubai businesses start growing again for the first time after coronavirus struck

Businesses in Dubai are benefiting from lifting of lockdown restrictions, with foreign visitors allowed to enter. However, a weaker outlook hasn't stopped job losses.

Defence

IAF chief R.K. Bhadauria takes a sortie in HTT-40 last November | Twitter | @HALHQBLR

Defence Ministry clears purchase of indigenous basic trainer aircraft, upgrade of Israeli UAVs

HAL acquisition among projects worth Rs 8,722.38 crore to be cleared. The upgrade of Israeli Heron UAVs will include arming them, a need being pushed due to stand-off with China.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.