Taipei, June 3 (CNA) Singapore-based DBS Bank on Wednesday retained its forecast of a 1 percent contraction of Taiwan’s gross domestic product (GDP) in 2020, citing the impact of the COVID-19 pandemic. In a statement, DBS said Taiwan’s economic development in the second half of the year is likely to remain under the shadow of a deteriorating job market, in ...

The council has pledged to work closely with the local community and businesses to form a bespoke strategy capable of securing an effective and long-lasting economic recovery — while at the same time keeping Islanders ‘Covid-secure’. Council leader Dave Stewart said: “Since the start of the pandemic, our work has focused on protecting the local community and minimising the impact ...

Finance minister warns the nation unemployment will be worse than that during the fallout from 2008 New Zealand’s finance minister has warned the nation is facing an economic shock “a quantum greater” than that of the 2008 global financial crisis, with jobless numbers likely to exceed those at the time of the meltdown. “GDP is going to take a serious ...

As economists scramble to assess the devastating impact of the coronavirus, they’re homing in on an unexpected hero that’s mitigating the damage in the U.S.: remote working. With offices across the country closed and people stuck in their homes, many professional workers have accomplished a not-seamless but ultimately successful transition to online workplaces — allowing those in crucial industry sectors ...

Interviewed by/ Sam Nan   The Iraqi media Announcer, Hadil Sabah, is one of the generation of media professionals who had been shown on the Iraqi screen and achieved a good presence from her beginnings in 2005 until her arrival to Sydney as a reporter for the Iraqi satellite channel. Hadil presented many successful programs on Iraqi TV and worked ...

The Conservatives’ large majority will give the economy some much-needed breathing space over the next six months. Business confidence should recover, now that a no-deal Brexit isn’t a risk in January 2020 and the outlook for domestic policy over the next five years is relatively clear. Many firms will be able to invest, knowing that corporation tax likely won’t rise, ...

economy is still taking hits from the US-China trade war. Overall sales increased 0.2% last month, according to the Commerce Department, falling under the 0.5% consensus estimate from economists surveyed by Bloomberg. The metric was dragged lower by declines in the apparel and restaurant industries, hinting at weakening consumer spending trends as the year comes to a close. October’s figure ...

Chief Economic Advisor Krishnamurthy Subramanian on Friday said the government is focusing on increasing consumption to boost economic growth. Presenting steps taken by the government in the past few months to pull the economy out from a six-year low growth, he said the measures include corporate tax cuts to improve risk-return of companies. Here’s a list of all measure announcements ...

Qatar will stand by Lebanon during its current economic crisis, Qatari Finance Minister Ali al-Emadi told a conference in Doha on Saturday. Lebanon is facing the worst economic crisis since the 1975-1990 civil war, rooted in decades of state waste and corruption that has landed the country with one of the world’s heaviest public debt burdens. Lebanon’s “economic and political ...

The sectarian power-sharing agreement that ended Lebanon’s civil war also wrecked its economy and led to widespread protests. Like so many in Lebanon, Samir Hamdan grew up being told that Lebanon’s political system was necessary to protect his sect. Thanks to the sectarian power-sharing agreement that ended the 15-year civil war in 1990, his small Druze minority was guaranteed seats ...