Global markets fall as China moves to tighten control over Hong Kong
Investors fear move will further heighten tensions between Beijing and Washington
Economy
![Global markets fall as China moves to tighten control over Hong Kong]()
![Covid-19 crisis will push 60m into poverty says World Bank chief]()
Covid-19 crisis will push 60m into poverty says World Bank chief
The Covid-19 crisis could push 60 million people into poverty, the head of the World Bank, David Malpass, said.
Malpass said his bank had so far loaned money to about 100 countries, accounting for 70% of the world’s population.
Coronavirus pushes German economy into recession
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.
![Coronavirus pushes German economy into recession]()
India: Fresh announcements on economy to help farmers, migrants
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.
![India: Fresh announcements on economy to help farmers, migrants]()
Brent crude plunges to 18-year low as oil slump rattles markets
Coronavirus:
Covid-19 recession drives US crude oil into negative territory.
Brent crude plunges 25%.
Oil price at 18-year low as turmoil persists.![Coronavirus: Covid-19 recession drives US crude oil into negative territory.]()
US oil market collapses into negative prices
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.![US oil market collapses into negative prices]()
US oil prices drop to 21-year low as demand dries up
The price of US oil has fallen to a level not seen since 1999, as demand dries up and storage runs out.
![US oil prices drop to 21-year low as demand dries up]()
IMF sees coronavirus-fueled recession as worst since Great Depression
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.
![IMF sees coronavirus-fueled recession as worst since Great Depression]()
