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Tag Archives: global recession

Multinationals in the time of virus: who wins, who loses

Milan, Italy | AFP | The coronavirus pandemic, set to provoke a severe global recession this year, is hitting multinational companies disproportionately. Here is a list of winners and losers, according to a study published on Tuesday from the research unit of Italian bank Mediobanca, based on results from the first quarter of 2020. THE …

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With dire recession in view, world on edge over virus lockdowns

Washington, United States | AFP | The world’s governments on Tuesday grappled with how and when to lift sweeping coronavirus lockdowns that have saved lives but crippled their economies, as experts warned of a dire once-in-a-century global recession. The deadly pandemic has already killed more than 120,000 people and infected close …

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US tops world in virus cases and logs record unemployment

Washington, United States | AFP |  The United States now has more COVID-19 infections than any other country, and a record number of newly unemployed people, as the coronavirus crisis deepens around the world. Healthcare systems in even the most developed nations are being stretched to breaking point with grim warnings …

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