The economic fallout from the coronavirus pandemic could plunge an extra 395 million people into extreme poverty and swell the total number of those living on less than US$1.90 a day worldwide to more than 1 billion, researchers said in a report on Friday.
The Group of 20 nations announced support on Wednesday for a temporary halt to debt payments by the world's poorest nations as they struggle to deal with the coronavirus pandemic.
The United States on Monday warned China not to take advantage of the coronavirus pandemic to exert itself in the South China Sea after Vietnam said Beijing sank a trawler.
With historically low river flows and reservoirs running dry due to drought, people in central Chile have found themselves particularly vulnerable to the coronavirus pandemic. Years of resource exploitation and lax legislation have allowed most reservoirs in that part of the country to run dry.
The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on growing evidence of massive economic damage from the coronavirus pandemic.
A 13-year-old British boy has died days after testing positive for COVID-19, hospital officials and his family said on Tuesday with relatives saying he had no underlying illnesses. The boy, who died Monday at King's College Hospital in London, is believed to be Britain's youngest confirmed death in the coronavirus pandemic.
Agriculture ministers from various South American countries participated in a video conference on Monday, March 23, to discuss harmonization of standards and ensure the smooth flow of goods and food supplies throughout the region during the Coronavirus pandemic.
Treasury Secretary Steven Mnuchin on Wednesday vowed that unemployment would not reach 20%, seeking to clarify comments he made a day earlier on a worst-case economic scenario resulting from the coronavirus pandemic.
Brazil’s government on Monday announced emergency measures to inject nearly 150 billion reais (US$ 30 billion) into the economy to soften the blow from the coronavirus pandemic.