The U.S. economy created jobs at a record clip in June as more restaurants and bars resumed operations, further evidence that the COVID-19 recession was probably over, though a surge in cases of the coronavirus threatens the fledgling recovery.
Latest figures reflect many businesses closing down and workers on placed on furlough
Malls, places of worship set to reopen as India's coronavirus tally nears 250,000
Data compiled by the central bank showed Taiwan's forex reserves as of May totaled US$484.52 billion, up US$2.73 billion from a month earlier, helping the country retain its position as having the fourth largest forex assets in the world.
Investors fear move will further heighten tensions between Beijing and Washington
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.
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.