How will the coronavirus affect the world economy?
05 February 2020 | 12:56 pm
Less consumption, idle factories, broken global supply chains. It's not just the Chinese economy that is suffering from the spread of the coronavirus — but the moment of truth is yet to come.
In this article
10 Nov 2022
Ahead of the Chinese Communist Party congress, China is tightening its already strict coronavirus rules. Entire sectors, including tourism, are suffering. And people are increasingly voicing their frustration.
19 Nov 2022
The U.S. economy is “headed for a hard landing,” UBS economists say in a report, noting that, “Household spending has been weak. Households are running down savings. Credit card balances are rising. Goods spending remains very elevated.
15 Nov 2022
In late 2019 a mysterious respiratory infection surfaced in China. COVID-19 soon spread around the world. How much longer do we need to worry about infection and potential damage to the heart, lungs and brain?
17 Nov 2022
Germany has upped its ambitions on a global green hydrogen scheme. The fuel has been touted as a solution to help slash CO2 emissions. What is the hype all about?
21 Nov 2022
This week, we're focusing on Qatar and asking what the economic impact of hosting the FIFA World Cup could be. Can this be a transformative event for the gas-dependent country? Or will it be a financial abyss worth an estimated $200 billion? We ask Alexis Antoniades, an economics professor at Georgetown University’s campus in Qatar.
23 Nov 2022
China has recorded its first COVID death since May. An 87-year-old man died in Beijing as daily infections in the country reached 24,000.
7 Dec 2022
The head of the world health body said an estimated 90% of people had some resistance to COVID-19 but infections are up, and he warned of new variants. News China may loosen COVID-19 measures was welcomed by the WHO.
12 Dec 2022
In its first space mission, Japanese company ispace Inc. has built the lander that is carrying the United Arab Emirates' Moon rover, as well as other payloads for government agencies from the US, Canada and Japan. Created over a decade ago, it could be the first private company to land on the Moon's surface.
Only deaths resulting directly from respiratory failure due to a coronavirus infection will be counted as COVID-19 deaths under new Chinese rules. With the new guidelines in place, cases have risen but deaths declined.
Germany managed to stave off a full recession in 2022, with the economy performing better than expected. Although Russia's war in Ukraine and high energy prices slowed growth, the economy "managed to perform well."
Following years of political and economic crises, Lebanon's population structure has changed, and not for the better. Experts believe that the structural inequality will only widen in future.
This week, a major upheaval hit one of India’s top business empires. Adani Group has operations in everything from coal mining to telecoms. Its seven main units were recently worth an estimated $220 billion. But a blistering report by an American investor research firm accusing the conglomerate of massive fraud and market manipulation has sent its stock price plummeting, along with the personal fortune of billionaire founder Gautam Adani.
4 hours ago
Chinese Hui Muslim activists warn Beijing's campaign to "Sinicize Islam" is curtailing religious freedom across the country and redefining Islam.
4 hours ago
Doctors and private clinics in India are tricking vulnerable women into unnecessary hysterectomies, critics say.
4 hours ago
Researchers are trying to figure out why groups of orcas regularly damage boats in the Strait of Gibraltar — sometimes even sinking them. Many believe the behavior isn’t aggression, but teenage antics.
5 hours ago
Elena Kolbasnikova, a Ukrainian national who lives in the western German city of Cologne and has spoken out in support of Russia's invasion of Ukraine, argues that she has a right to freedom of speech.
5 hours ago
The Justice Department is investigating Trump's handling of classified documents after he left office. Around 100 documents marked classified were seized from his Florida residence.