As global recession seems inevitable with demand shock becoming much larger than the initial supply shock, governments must ensure that workers get paychecks and firms receive enough cash flows to avoid bankruptcy, else the present health crisis will turn into a mega financial crisis within...
The outbreak of corona virus in China, although in its ascending phase, may threaten global recovery, especially considering that the 2003 severe acute respiratory syndrome (SARS) outbreak cost the world $57 billion (at current price level), says a research note from State Bank of India...
The European Union's antitrust regulators on Wednesday fined Google 1.49 billion euros ($1.7 billion) for abusing its dominance in the online search market by blocking rivals.   Google has abused its market dominance by imposing a number of restrictive clauses in contracts with...

Nissan Motor Co.'s former Chairman Carlos Ghosn moved closer to being released on bail after a Japanese court on Thursday rejected a request by prosecutors to extend his detention.   Ghosn's arrest in Tokyo last month on allegations of financial misconduct rocked the global car...
A new investigation by Forbes magazine finds the president’s net worth has dropped significantly since he took office.   Nearly 20 years ago, Donald Trump told Fortune magazine that he could run for president and make money doing it.   “It’s very possible that I could be the...

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