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Tuesday, September 22, 2020

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China To Narrowly Avoid Recession In Virus-Hit 2020

SHANGHAI - China To Narrowly Avoid Recession In Virus-Hit 2020. The International Monetary Fund, on Tuesday, has forecasted that China is likely to narrowly avoid recession this year. Chinese economy is likely to bounce back strongly in 2021 if the coronavirus...

Eurozone Economy To Crash In 2020

BRUSSELS - Eurozone Economy To Crash In 2020. The International Monetary Fund IMF, on Tuesday, have drastically slashed its growth estimates for the eurozone. This comes as Coronavirus lockdowns decimated the European economy. According to details, IMF said the eurozone economy would...

Middle East Region To See Worst Economic Fall In Decades

DUBAI - Middle East Region To See Worst Economic Fall In Decades. The International Monetary Fund IMF, on Tuesday, said that the Middle East and North Africa economy will contract by 3.3 percent this year. This is the biggest...

Barack Obama Endorses Joe Biden For President

WASHINGTON DC - Barack Obama Endorses Joe Biden For President. Former US President Barack Obama, on Tuesday, endorsed Joe Biden for the next presidential elections. Saying that Biden can unify and heal a nation struggling through some of its darkest...

Global Oil Prices Fall After Output Cutting Deal

LONDON - Global Oil Prices Fall After Output Cutting Deal. Global oil prices dropped in volatile trade on Tuesday. This comes as traders shrugged off news that crude producers agreed to cut production over the weekend. According to details, US...

Trump Says OPEC+ Planning To Cut Production

WASHINGTON - Trump Says OPEC+ Planning To Cut Production. US President Donald Trump, on Monday said that top global oil producers are considering slashing output by 20 million barrels a day under the terms of a deal to boost...

Asian Markets Rise After Encouraging Numbers From China

SHANGHAI - Asian Markets Rise After Encouraging Numbers From China. Asian markets moved upward on Tuesday after encouraging reports from China that the coronavirus pandemic may be reaching its peak. According to details, positives news are coming from major Asian...

iPhone Sale Rise Up In China As Economy Re-Opens

iPhone Sale Rise Up In China As Economy Re-Opens. Apple's iPhone devices saw a rebound in China in the month of March. This comes as the country opened itself after lifting lockdowns that have caused economic upheavals. All of...

Coronavirus Is 10 Times More Deadly Than Swine Flu

GENEVA - Coronavirus Is 10 Times More Deadly Than Swine Flu. The World Health Organisation, on Monday, said that the novel coronavirus is 10 times more deadly than swine flu. The said swine flu caused a global pandemic in...

US Welcomes The Development In Afghan Peace Process

WASHINGTON - US Welcomes The Development In Afghan Peace Process. The United States, on Monday, welcomed the latest development in the Afghan peace process. This comes after the Taliban and Afghan government released some of the prisoners held in each...

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Africa To Get $57 Billion From Official Creditors In 2020

WASHINGTON - Africa To Get $57 Billion From Official Creditors In 2020. The International Monetary Fund and World Bank,...
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PM Khan Welcomes Global Debt Relief Efforts By G20

ISLAMABAD - PM Khan Welcomes Global Debt Relief Efforts By G20. Prime Minister Imran Khan, on Thursday, appreciated the debt relief measures taken by...

Pakistani Steel Manufacturers To Operate in North America

ISLAMABAD - Pakistani Steel Manufacturers To Operate in North America. The State Bank of Pakistan SBP, on Friday, has allowed International Industries Limited (ILL)...

UN Warns Thousands Of Child Deaths Due To Economic Downturn

NEW YORK - UN Warns Thousands Of Child Deaths Due To Economic Downturn. The United Nations, on Thursday, warned that hundreds of thousands of...

Apple Launches New iPhone For Low-Budget Users

SAN FRANCISCO - Apple Launches New iPhone For Low-Budget Users. The tech giant Apple, on Wednesday, unveiled a new entry-level iPhone. It aims to appeal...