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Business Highlights

___ AP-NORC/SAP poll: 1 in 4 US workers have weighed quitting NEW YORK (AP) — The coronavirus pandemic has put millions of Americans out of work. But many of those ...

IMF: Nearly all Mideast economies hit by pandemic recession

DUBAI, United Arab Emirates (AP) — The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, yet some rebound is expected as all but two — Leba...

Business Highlights

___ US jobless claims rise to 898,000 with layoffs still high WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week to 898,000, a h...

IMF warns global economy could be permanently scarred

WASHINGTON (AP) — The global economy's recovery from the pandemic recession is tentative and uneven and “marked by significant uncertainty” as confirmed coronavirus cases spread in many countries, int...

IMF incorrectly lists Taiwan as ‘Province of China’

TAIPEI (Taiwan News) — The International Monetary Fund (IMF) has incorrectly listed Taiwan as “Taiwan Province of China” throughout its website. In the IMF’s DataMapper sect...

Asian shares track Wall Street decline on pandemic jitters

Shares were mostly lower in Asia on Wednesday after pandemic concerns snapped a four-day winning streak on Wall Street. Rising coronavirus counts in many countries ...

IMF to raise estimate of Taiwan's 2020 GDP growth from -4 to 0%

TAIPEI (Taiwan News) — The International Monetary Fund (IMF) has raised its GDP growth estimate for Taiwan to zero as most other countries suffer a negative economic forecast due to the ongoing ...

IMF envisions a sharp 4.4% drop in global growth for 2020

WASHINGTON (AP) — The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst coll...

IMF head says global economy facing long climb to recovery

WASHINGTON (AP) — The head of the International Monetary Fund says that the global economy has started on a long climb to stronger growth with prospects looking a little better than four months ago. ...

Russia and German reunification: Opposing views on Mikhail Gorbachev's legacy

The political legacy of Mikhail Gorbachev, the last Soviet head of state, is still fiercely discussed in present-day Russia. There is a debate especially his role in the process that led to German reu...

The Latest: India caseload shows decline, VP tests positive

NEW DELHI — India recorded 80,472 new confirmed coronaviruses cases in the past 24 hours, showing a decline from a record high two weeks ago. The Health Ministry raised India’s conf...

Ex-IMF chief acquitted in Spanish bank stock listing case

MADRID (AP) — Spain’s National Court has acquitted 34 people who were tried over the stock market listing of financial firm Bankia, including former International Monetary Fund chief Rodrigo Rato. ...

AP Analysis: Dark days ahead for Lebanon as crisis bites

BEIRUT (AP) — The past year has been nothing short of an earthquake for Lebanon, hit by an economic meltdown, mass protests, financial collapse, a virus outbreak and a cataclysmic explosion that virtu...

Former IMF chief Rodrigo Rato acquitted in Spain bank trial

Former International Monetary Fund (IMF) chief Rodrigo Rato was acquitted by a Spanish court on Tuesday of fraud charges and falsifying accounts, during the botched 2011 public listing of the major Sp...

IMF endorses Sudan's reform plan for battered economy

CAIRO (AP) — The International Monetary Fund has signed off on Sudan's economic reform program, a move that can eventually allow the highly-indebted African country to get debt relief and move ahead w...