While governments continue to roll out measures that have put more than one-fifth of the world’s population under some form of lockdown, doctors and nurses plead for supplies that are critical in their battle against coronavirus.
Coordination of countries making efforts to ward off recession has to exceed both the 1930s New Deal and the Marshall Plan, which rebuilt Europe after World War II, says Angel Gurria, the head of the OECD group of advanced economies.
Financial markets around the world took another hammering on Monday as a rising tide of national coronavirus lockdowns threatened to overwhelm policymakers' frantic efforts to cushion what is likely to be a deep global recession.
There is increasing scepticism about claims of zero cases in under-developed Myanmar and Laos where many of the labourers come from, as fears grow for their weak health care systems and fragile economies.
Here are comparisons of several sectors that are thriving and failing in pandemic:
This is the second time the e-commerce giant announced an increase in pay for its workers in a week. Earlier, it hiked the minimum hourly rate for associates to $17 from $15 and announced plans to hire 100,000 workers in the US.
The closures will take effect on March 30 and extend through April 12, according to a statement.
The Dow Jones Industrial Average slid more than 900 points, ending the week with a 17.3 percent loss. The index has declined in four of the last five weeks.
Lockdowns and containment policies are expected to have a massive impact on GDP across the globe, with many countries introducing bailout measures to prevent economic meltdown.
London and Frankfurt markets opened more than 4 percent higher and Shanghai, Hong Kong and other Asian markets advanced. Seoul surged 7.4 percent.
From the United States to Australia, governments are coming up with financial incentives to keep the wheels of the global economy turning.
The company had resumed operations for over 80 percent of its supply chain as of Thursday.
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