Category: Economy News

The European Commission will use bond auctions for selling some of the debt to back its covid-19 recovery fund. This was a statement from the commissioner for budget and administration on Thursday. For weeks now,

Massive government spending to counter the COVID-19 pandemic will push public debt to nearly 100% of global economic output this year. But if growth rebounds next year, the run-up may be a one-off event, according

European Union countries will jointly borrow then spend 750 billion euros or $880 billion over subsequent three years. This is to lift the economy out of the deep recession caused by the COVID-19 pandemic. Of

On Monday the first ship carrying cargo from Dubai Jebel Ali port to Israel’s Haifa Port arrived Unloaded off the MSC Paris were eight containers filled with electronics, iron, firefighting equipment, and cleaning supplies. It

Even debt hawks are pressing a dysfunctional Washington and a disorganized White House to support another round of seriously wanted incentive to the number of trillions. Federal Reserve Chairman Jerome Powell spoke this week that

These headwinds come on top of the coronavirus crisis. Most countries are fighting to hit a balance within various factors. Including preserving public health, obtaining a return to a semi-normal level of economic activity, and

As stated by the Labor Department, the number of people out of work for more than 27 weeks rose to 2.4 million in September, 32.5 percent from the prior month. There are 4.9 million people

The new rate of linking LBP/$8,600-LBP/$8,750 indicates the currency has dropped 81 percent of its value in the prior year since banks began limiting withdrawals of dollars. As stated by the analysis by Arabian Business