Financial Crisis

US GDP fell at 5.0% rate in Q1; worse is likely on the way
Jun 25, 2020

US GDP fell at 5.0% rate in Q1; worse is likely on the way

The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic


The Latest: Eiffel Tower reopens to visitors after 104 days
Jun 25, 2020

The Latest: Eiffel Tower reopens to visitors after 104 days

The Eiffel Tower reopened to visitors after its longest closure in peace time: 104 days


The Latest: Pakistan's testing drops by about 1/3 in week
Jun 25, 2020

The Latest: Pakistan's testing drops by about 1/3 in week

Pakistan’s daily COVID-19 testing has dropped by about a third in a matter of days, even as the country is being urged to increase testing


The Latest: Oklahoma has record spike in COVID-19 cases
Jun 24, 2020

The Latest: Oklahoma has record spike in COVID-19 cases

Oklahoma health officials are reporting a record one-day spike of 482 positive tests for COVID-19


IMF downgrades outlook for global economy in face of virus
Jun 24, 2020

IMF downgrades outlook for global economy in face of virus

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago


The Latest: COVID-19 cases surge in Florida
Jun 24, 2020

The Latest: COVID-19 cases surge in Florida

Florida’s new confirmed coronavirus cases have surged by 5,500


The Latest: Belgium to allow pools to reopen next month
Jun 24, 2020

The Latest: Belgium to allow pools to reopen next month

Theaters, cinemas and swimming pools in Belgium can reopen next month, the latest easing of the country’s coronavirus lockdown


Israeli lawmakers grant Netanyahu tax exemptions on benefits
Jun 24, 2020

Israeli lawmakers grant Netanyahu tax exemptions on benefits

Israel's parliament has granted Prime Minister Benjamin Netanyahu a series of tax exemptions for official benefits that could exceed $150,000


The Latest: 9 virus cases linked to Japanese karaoke bar
Jun 24, 2020

The Latest: 9 virus cases linked to Japanese karaoke bar

A city in northern Japan has reported new coronavirus cases in nine people linked to the same karaoke bar and advised the elderly to refrain from karaoke singing


The Latest: Swissport may cut half its UK staff amid losses
Jun 24, 2020

The Latest: Swissport may cut half its UK staff amid losses

Airport ground-services firm Swissport says it may have to cut half its British staff because of the collapse in airline travel caused by the coronavirus pandemic



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.