Its decision to carry on in the face of the pandemic has yielded a surge of deaths without sparing its economy from damage — a red flag as the United States and Britain move to lift lockdowns.
Tag: Economic Conditions and Trends
Virus Revives Italy’s Age-Old Shadow Safety Net: The Pawnshop
Italians have put up valuables as collateral for loans for centuries, through plagues and sieges. Today they do it as part of the formal banking system. And business is booming.
In North Korea, Coronavirus Hurts More Than Any Sanctions Could
Closing the border with China crippled the regime’s few remaining methods, legal and otherwise, for bringing in much-needed foreign currency.
Stock Markets Edge Higher: Business Updates
The latest on stock market and business news during the coronavirus outbreak.
Airbus to Cut 15,000 Jobs
The latest on stock market and business news during the coronavirus outbreak.
Live Stock Market Updates During the Coronavirus Pandemic
The latest on stock market and business news during the coronavirus outbreak.
Powell to Warn Lawmakers of ‘Extraordinarily Uncertain’ Outlook
The latest on stock market and business news during the coronavirus outbreak.
Coronavirus Is Battering Africa’s Growing Middle Class
From Kenya to Nigeria, South Africa to Rwanda, the pandemic is decimating the livelihoods of the once-stable workers who were helping to drive Africa’s economic expansion.
Stocks Slide as Texas Rolls Back Reopening
The latest on stock market and business news during the coronavirus outbreak.
Live Stock Market Updates During the Coronavirus Pandemic
The latest on stock market and business news during the coronavirus outbreak.