Category: Uncategorized

Coronavirus: UAE moves to mitigate economic fallout

Beyond grappling with the global public health crisis sparked by the COVID-19 pandemic, governments the world over are doing what they can to mitigate the economic fallout from lockdowns and social distancing. Already, the stock markets have witnessed the kind of downturn not seen in a generation. The Middle East was no exception. Even the…
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Coronavirus economics: Debt-laden countries at risk, as financial markets screech to a halt

Since the start of the pandemic, financial institutions including the World Bank Group and the International Monetary Fund (IMF) – along with UN entities, regional organizations and country groups such as the G20 – have been examining the tools available to stabilize markets, prevent job losses and preserve hard-fought development gains. At a joint high-level…
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Waiting for your coronavirus stimulus check?

If you haven’t received your coronavirus stimulus check yet, there’s a chance you’ll get it in the form of a prepaid debit card rather than a check in the mail. The Treasury Department announced Monday that around 4 million people who do not have their direct deposit information on file with the IRS will receive…
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The coronavirus recession is a choice, so is the recovery.

The U.S. economy is in recession. Take a look outside your window and this reality is plain to see. Businesses are closed, traffic is nonexistent. Efforts to contain the spread of the novel coronavirus have resulted in a forced stoppage of economic activity. First quarter GDP data published Wednesday confirmed this slowdown. Economic growth contracted…
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Economic crisis recovery perceptions low: TRA

New Delhi: India’s crisis recovery perceptions are positive on the health front but lagging in terms of economic recovery, a white-paper by consumer insights and brand analytics company TRA Research said. There is a significant gap between the ongoing national lockdown in terms of decision making and implementation, and fears of long-term financial and economic…
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Jim Cramer: Stop buying index funds and buy these ‘Covid winners’

CNBC’s Jim Cramer on Thursday laid out two buckets of stocks that he recommends investors consider adding to their portfolios. In making his case for the stock picks, the “Mad Money” host admonished index investing in this volatile market environment. “Stop circling the wagons around index funds here,” he said. Investing in index funds, a…
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Coronavirus spurs ‘massive shift’ in alcohol supply chain

With people across the U.S. facing orders to remain in their homes, and bars and restaurants closed as part of the ongoing effort to quell the coronavirus outbreak, alcohol sales have gone through the roof. And at least one service is reaping the benefits of that increased demand. Alcohol delivery app Drizly says it saw…
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How is coronavirus impacting the financial sector

The effects of the ongoing coronavirus crisis are being felt in almost every sector. From retail and consumer packaged goods to entertainment, sports, and of course travel and leisure, every sector is being impacted in a different way and is facing down its own unique challenges. The financial services sector is currently facing challenges on…
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What impending recession? New survey shows most people think they will be better off this year

Economists are beginning to predict a near-term economic future that, until recently, would have been considered inconceivable, or at the very least implausible: The idea that the more than decade-old bull market still has room to run. A new survey from the National Association for Business Economics found that economic experts think there is less…
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World’s largest printer of money is running out of money

Despite the rise in digital payments, cash is still king in uncertain times — but who’s going to print it? In the United States, the task of printing money and minting coins falls to the Bureau of Engraving and Printing, which is part of the Treasury Department. But in the United Kingdom, a private company…
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