World

As the world deals with the coronavirus crisis, the Managing Director of International Monetary Fund (IMF), Kristalina Georgieva has said that the world may face the worst economic fallout since the Great Depression of the 1930s.   In her latest address on Thursday, she said that the...
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  • The rapid deterioration in the global sovereign rating outlook due to the coronavirus outbreak and sharp fall in oil prices makes additional multi-notch downgrades likely over the rest of this year, says Fitch Ratings.   In a research note, the ratings agency says, "While we endeavour...
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  • As global recession seems inevitable with demand shock becoming much larger than the initial supply shock, governments must ensure that workers get paychecks and firms receive enough cash flows to avoid bankruptcy, else the present health crisis will turn into a mega financial crisis within...
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  • The outbreak of corona virus in China, although in its ascending phase, may threaten global recovery, especially considering that the 2003 severe acute respiratory syndrome (SARS) outbreak cost the world $57 billion (at current price level), says a research note from State Bank of India...
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  • The European Union's antitrust regulators on Wednesday fined Google 1.49 billion euros ($1.7 billion) for abusing its dominance in the online search market by blocking rivals.   Google has abused its market dominance by imposing a number of restrictive clauses in contracts with...
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