Financial Crisis

Apr 17, 2020

Philippine economic chief resigns amid coronavirus crisis

The Philippine economic planning secretary is resigning partly due to “differences in development philosophy” with some Cabinet members as the country scrambles to deal with the economic impact of the pandemic


'Tip of the iceberg:' Virus death toll seriously incomplete
Apr 17, 2020

'Tip of the iceberg:' Virus death toll seriously incomplete

China has announced that the coronavirus death toll in the outbreak epicenter of Wuhan was some 50% higher than previously reported


Europe car sales tank 55% in March on coronavirus lockdowns
Apr 17, 2020

Europe car sales tank 55% in March on coronavirus lockdowns

European car sales tanked last month amid strict lockdown measures to contain the coronavirus that shutdown dealerships for at least half of March and dried up consumer spending


China's economy in worst downturn since '60s in virus battle
Apr 17, 2020

China's economy in worst downturn since '60s in virus battle

China faces a drawn-out struggle to revive its economy after it suffered its biggest contraction since possibly the mid-1960s while fighting the coronavirus


AP PHOTOS: Spain's race against the virus in photographs
Apr 17, 2020

AP PHOTOS: Spain's race against the virus in photographs

Spain was expecting a bright, hopeful spring


Poorer countries face big risks in easing virus restrictions
Apr 17, 2020

Poorer countries face big risks in easing virus restrictions

Countries are considering how to ease coronavirus restrictions and start taking gradual steps toward reviving business and daily life


China's economy in worst downturn since '70s in virus battle
Apr 17, 2020

China's economy in worst downturn since '70s in virus battle

China faces a drawn-out struggle to revive its economy after it suffered its biggest contraction since at least the 1970s while fighting the coronavirus


With price high, Thais with dwindling incomes sell off gold
Apr 17, 2020

With price high, Thais with dwindling incomes sell off gold

People in Thailand have been flocking to gold shops to trade in their necklaces, bracelets, rings and gold bars for cash during an economic downturn


Record 22 million have sought US jobless aid since virus
Apr 16, 2020

Record 22 million have sought US jobless aid since virus

The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week


The Latest: Italian soccer club Ascoli fires coaching staff
Apr 16, 2020

The Latest: Italian soccer club Ascoli fires coaching staff

Italian second-division soccer club Ascoli has fired its coaching staff because of the economic crisis 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.