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IMF warns coronavirus recession could be worse than 2009

Washington, United States | AFP | The world economy is facing “severe” economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, IMF chief Kristalina Georgieva said Monday. Georgieva called on advanced economies to provide more support to low income countries, which face a …

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Coronavirus, reelection squeeze Trump from two sides

Washington, United States | AFP | Under pressure on one side from an economy cratered by  coronavirus and on the other by his crumbling reelection campaign, President Donald Trump is struggling to deliver Americans a clear message. After having finally gone all in on the strategy of social distancing to halt …

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COVID-19 pandemic ‘accelerating’: WHO chief

Geneva, Switzerland | AFP | The new coronavirus pandemic is clearly “accelerating”, the World Health Organization warned Monday, but said it was still possible to change its trajectory by going on the attack. The remarks came as the number of deaths soared past 15,000, with more than 341,000 people infected worldwide, …

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Postponing the Olympic Games: it’s complicated

Tokyo, Japan | AFP | The Tokyo Olympics appears to be creeping towards a postponement, an unprecedented and costly exercise that involves ripping up years of planning. As International Olympic Committee president Thomas Bach told Germany’s SWR: “Postponing the Olympic Games is not like moving a football game to next …

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Windows of hope: Life in Europe under lockdown

  Rome, Italy | AFP | From the elderly Italian woman who routinely lines up the glasses of water she sets herself to drink every day, to the British composer leading a virtual orchestra, life for Europeans under coronavirus lockdown is an uncharted mix of resilience and creativity. Hundreds of millions …

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Oil prices volatile as virus saps demand

Singapore, Singapore | AFP | Oil prices were mixed in volatile Asian trade on Monday, but remained at multi-year lows due to the double shock of the coronavirus pandemic and the Saudi-Russia price war. Both main contracts plummeted at the open after a trillion-dollar support package for the American economy crashed …

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Back to work in China virus epicentre as restrictions eased

Beijing, China | AFP | People in central China where the coronavirus was first detected are allowed to go back to work and public transport is restarting, as some normality slowly returns after a two-month lockdown. The easing of restrictions in Wuhan city comes as Chinese health officials reported Monday no …

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Bars closed? House parties and happy hours move online

Los Angeles, United States | AFP |  Coronavirus lockdown or not, Amaya Howard plans to unwind after a hard day’s work by sharing a few glasses of wine with her friends. But with bars closing across the United States, they have started meeting online via Houseparty — one of several group …

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