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Archive

World

Wednesday, June 24, 2020

IMF sees sharper than anticipated recession in Saudi Arabia
Middle East

IMF sees sharper than anticipated recession in Saudi Arabia

  • In an update of its April World Economic Outlook forecast, the IMF said it now expects a deeper global recession in 2020.
  • The disruptions due to the pandemic, as well as significantly lower disposable income for oil exporters after the dramatic fuel p
Published 24 Jun, 2020 07:59pm
IMF forecasts deeper recession for sub-Saharan Africa
World

IMF forecasts deeper recession for sub-Saharan Africa

  • In its World Economic Outlook update, the IMF projected that GDP in South Africa, the continent's most advanced economy.
  • The lockdown remains in place, but some restrictions have been eased to allow key sectors to resume operations.
Published 24 Jun, 2020 07:57pm
US Senate heads for showdown over Republican police reform bill
World

US Senate heads for showdown over Republican police reform bill

  • The bill, crafted by the Senate's only Black Republican, Senator Tim Scott, must garner 60 votes to move forward in the 100-seat chamber.
  • "It will never get 60 votes," Senate Democratic leader Chuck Schumer vowed on Tuesday. "We need a bipartisan bill
Published 24 Jun, 2020 07:51pm
Apple, other US goods from China held up at Indian ports
South Asia

Apple, other US goods from China held up at Indian ports

  • The move comes amid heightened tensions between India and China after border clashes last week that saw at least 20 Indian soldiers killed.
  • Authorities have abruptly halted the clearance of industry consignments coming in from China (and perhaps other
Published 24 Jun, 2020 06:38pm
South African inflation sinks to 15-year low in April
Africa

South African inflation sinks to 15-year low in April

  • South Africa's COVID-19 infections exceeded 100,000 this week, with more than 2,000 deaths, just as government further eased restrictions in a bid to slow an economic free-fall.
  • On a year-on-year basis, only food prices saw an increase, albeit margina
Published 24 Jun, 2020 05:07pm
Powerful quake strikes Mexico
World

Powerful quake strikes Mexico

MEXICO CITY: A powerful 7.4 magnitude earthquake struck southern Mexico on Tuesday, triggering a tsunami warning...
Published 24 Jun, 2020 03:13am