Some 1.6 billion people employed in the informal economy – or nearly half the global workforce – could see their livelihoods destroyed due to the continued decline in working hours brought on by lockdowns to curb the spread of COVID-19, the International Labour Organization (ILO) said on Wednesday.
Although the world economy may start to recover as more countries allow businesses to reopen, analysts say prospects for oil prices remains gloomy.
The facility from the RBI is aimed at boosting the island nation’s foreign reserves.
Since the start of the COVID-19 pandemic, WHO has seen a dramatic increase in the
The meltdown in oil markets is turning back the economic clock for Saudi Arabia, putting it on track for the deepest contraction in two decades.
The yet-to-be-named digital bank is the first to receive a banking license in Israel in over 40 years and is to be launched in 2021.
By Güldem Atabay The Turkish economy may be going through difficult times, just like other
Opec sees world oil demand contracting by 6.8 million barrels a day in 2020
Oil has plummeted in recent weeks as coronavirus lockdowns depressed demand, and the crisis was made worse by a pricing war between top producers Saudi Arabia and Russia.
Debts will be relieved by the International Monetary Fund (IMF) as part of strengthening global efforts against COVID-19.