AIIB disburses $6 billion of promised $10 billion for Covid-19 treatment
AIIB’s special program “Recovery from the COVID-19 Crisis” has a budget of $10 billion
Trade & Economy
Rothschild bullish on India, expects to close more deals in second half of 2020
According to Aalok Shah, managing director of Rothschild & Co in India, the bank had a reasonably good first half as it completed three large deals — the USD 490-million Piramal-Carlyle deal, USD 900-million Edelwiess-Engie deal, and TVS’ buyout of British bike company Norton Motorcycles.
China among top 10 investors in Turkey’s real estate
Chinese interest in the residential real estate sector in Turkey and Europe increased recently after the start of China’s Belt and Road Initiative (BRI).
From Afghanistan with love
Afghanistan’s exports to India have doubled since 2016 with the total value of goods traded reaching $460 million last year,
Government imposes restriction on public procurement from China, other neighbours
The decision was taken to “strengthen the defence of India and national security”.
Indian economy set for post-COVID-19 rebound as FDI remains buoyant: IHS Markit
“The severe negative impact is expected to result in a significant contraction in GDP in the April-June quarter of 2020, resulting in a recession in the 2020-21 financial year with GDP expected to contract by 6.3 per cent year-on-year,” it said in its outlook on the Indian economy.
First time in a decade India turns net exporter of chemicals and related products
India has turned a net exporter of chemicals and related products for the first time
Global economy picking up but wave of infections can cause disruptions: IMF
By IAR Desk The International Monetary Fund (IMF) has said that global economic activity is
OPEC forecasts rise in global oil demand
2020 has witnessed a collapse in oil prices after global demand fell by a third when governments imposed lockdowns to stop the spread of the virus.
Saudi Arabia, Iraq, and Nigeria commit to OPEC+ deal
Saudi Arabia, Iraq, and Nigeria underlined their complete commitment to the OPEC+ deal on Monday.