Investors fear move will further heighten tensions between Beijing and Washington
Germany's economy shrank by 2.2% in the first three months of this year as the coronavirus pandemic pushed it into recession, official figures indicate.
Prime Minister Narendra Modi said the announcements made by his government on Thursday to boost the economy will strengthen food security and credit to farmers as well as street vendors.
Covid-19 recession drives US crude oil into negative territory.
Brent crude plunges 25%.
Oil price at 18-year low as turmoil persists.
Oil prices dip below zero as producers forced to pay to dispose of excess.
US crude has negative value for first time in history as stockpiles overwhelm storage facilities.
The price of US oil has fallen to a level not seen since 1999, as demand dries up and storage runs out.
The International Monetary Fund predicted Tuesday that the “Great Lockdown” recession, fueled by the coronavirus pandemic, will be the steepest in almost a century and warned that the world economy’s contraction and recovery would be worse than anticipated if the coronavirus lingers or returns.