Financial Crisis

UN urges governments to tackle recession, scrap debt payment
Apr 10, 2020

UN urges governments to tackle recession, scrap debt payment

More than 60 U.N. agencies and international organizations are urging governments to take immediate steps to address the unfolding global recession and financial crisis wrought by the coronavirus pandemic, especially in the world’s poorest countries


Euro countries agree half trillion euros in support
Apr 9, 2020

Euro countries agree half trillion euros in support

European finance ministers have agreed on more than a half-trillion euros, or $550 billion, of support programs to cushion the recession caused by the virus outbreak


IMF head sees worst economic downturn since Great Depression
Apr 9, 2020

IMF head sees worst economic downturn since Great Depression

The head of the International Monetary Fund says the coronavirus pandemic will push the global economy into the deepest recession since the Great Depression


A new $2.3 trillion Fed plan to aid localities and companies
Apr 9, 2020

A new $2.3 trillion Fed plan to aid localities and companies

The Federal Reserve said Thursday it would pump up to an additional $2.3 trillion into critical segments of the U.S. economy, seeking to support small- and mid-sized businesses as well as state and local governments


A new $2.3 trillion Fed plan to buttress towns, businesses
Apr 9, 2020

A new $2.3 trillion Fed plan to buttress towns, businesses

The Federal Reserve said Thursday it would pump up to an additional $2.3 trillion into critical segments of the U.S. economy, seeking to support small- and mid-sized businesses as well as state and local governments


Iraq appoints third PM-designate, after second withdraws
Apr 9, 2020

Iraq appoints third PM-designate, after second withdraws

Iraq’s intelligence chief has been appointed the country’s third prime minister-designate in just over a month


UK government gets a bigger overdraft to help pay the bills
Apr 9, 2020

UK government gets a bigger overdraft to help pay the bills

The British government is getting a bigger overdraft at the Bank of England, a further sign of the severe strains on its finances caused by the economic fallout of the coronavirus pandemic


Cycling body's finances hit by lost races, delayed Olympics
Apr 9, 2020

Cycling body's finances hit by lost races, delayed Olympics

The International Cycling Union has taken what it calls "some drastic action” to cut costs amid a revenue shortfall from hundreds of events canceled or postponed during the coronavirus pandemic


Apr 9, 2020

Second prime minister-designate in 5 weeks resigns in Iraq

Iraq’s second prime minister-designate in just over a month withdrew his candidacy Thursday following political infighting, leaving a leadership vacuum at the helm of the government amid a severe economic crisis and viral pandemic


Dems debate how to hit Trump on virus, economy amid crisis
Apr 9, 2020

Dems debate how to hit Trump on virus, economy amid crisis

Democrats are wrestling over how best to assail President Donald Trump for how he's handling the coronavirus pandemic and the economy’s shutdown



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.