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Archive

World

Tuesday, November 3, 2020

Euro zone ministers review economic response as second COVID wave rages
Europe

Euro zone ministers review economic response as second COVID wave rages

  • EU leaders agreed in July to launch a 1.8 trillion euro recovery plan to boost the economy over the next seven years from the unprecedented slump this year caused by the pandemic.
  • "That will be a lot of money which will be moved around over the next years," German Finance Minister Olaf Scholz.
Published 03 Nov, 2020 07:46pm
Kenya starts talks with IMF on new lending facility
Africa

Kenya starts talks with IMF on new lending facility

  • The government has abandoned expensive commercial debt to cut back on ballooning repayments at a time when its revenue collection has been squeezed by the pandemic.
  • "We are looking at a disbursement arrangement where we, to some extent, benefit from budget support," he said.
Published 03 Nov, 2020 07:45pm
WHO chief quarantined but not tested for Covid-19
World

WHO chief quarantined but not tested for Covid-19

  • Tedros Adhanom Ghebreyesus announced late Sunday on Twitter that he would be self-quarantining for the next two weeks, after someone he had been in contact with tested positive for the deadly virus.
Published 03 Nov, 2020 12:02am