Economy

The organisation forecasts a global recession of 6% in 2020 if the pandemic remains under control and of 7.6% if there's a second wave.

Tour guides in Rome organised a flash mob in front of the Pantheon and a sit-in outside the Italian Parliament on Tuesday, in protest at what they see as a lack of government support for the tourism sector.

It doesn’t sound like the kind of roller coaster anyone would like to go on – but what if to save their economies, some nations just went in and out of lockdown?

German Chancellor Angela Merkel said her left-right coalition has come up with a "bold response" that will boost consumer spending, invest in innovation and ease the financial strain on citizens.

Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."

As the European Commission prepares to announce its recovery fund and new EU budget to help the economy rebound from the pandemic, the 'frugal four' have called for Brussels to be 'realistic' on the size and conditions for funding.

Festival organisers admit they didn't foresee a pandemic scenario but for next year's editions, they'll have backup plans

The International Monetary Fund has given a bleak assessment in its World Economic Outlook briefing on COVID-19.

The IMF has declared a global recession and urged countries in need of financial help to request it sooner rather than later

The EU is looking at different ways of how to help businesses and workers weather the economic storm created by coronavirus uncertainty.

Business line looks at why is the coronavirus making some travellers nervous, what are the automotive offerings for 2020, and what does it take to run a successful private-members’ business club.

"To think that we might accept EU supervision on so-called level playing field issues simply fails to see the point of what we are doing", the British negotiator David Frost said in a speech he gave on a visit to Brussels.

France is to ban the culling of male chicks and the castrating of piglets without anaesthesia in a move welcomed by animal welfare groups.

Angola seeks to attract foreign investment in Davos. The nation is in no short of wealth, but unemployment and poverty have fertile ground.

"It’s not about giving handouts, it’s about giving a hand up," said the CEO of a philanthropic organisation in Africa.