Tag Archives: COVID-19

The British economy is facing a risk of taking several years before recovering from the impacts of the coronavirus (COVID-19) crisis, according to member of the Bank of England’s (BoE) Monetary Policy Committee, Gertjan Vlieghe. Vlieghe remarks came on Wednesday in a report presented to the British parliament, Reuters reported. …

The White House need to agree on increased spending for the next COVID-19 stimulus package, said the United States House of Representatives Speaker, Nancy Pelosi, on Thursday. Recently, the President of the United States, Donald Trump, claimed that his administration has saved more than 50 million jobs, through the COVID-19 …

The German Foreign Ministry said that Berlin issued a travel advisory against the Paris regions and the French Riviera due to the high cases of Coronavirus there. The ministry added that it had warned against unnecessary tourist trips to the Ile-de-France region, which includes the French capital, and the southern …

The Board of Governors of the US Federal Reserve has unanimously voted to maintain interest rates during the Federal Open Market Committee (FOMC) meeting on July 29. The meeting also authorized the Fed to undertake open market operations as necessary to maintain the federal funds rate in a target range …

Germany’s central bank said on Monday that the German economy is poised for a rapid and broad recovery after an unprecedented contraction in peacetime in the spring, but a coronavirus vaccine may be necessary before a full recovery is possible, according to Reuters. “The clear and widespread recovery in macroeconomic …

Russia said, Saturday, August 15, that it had produced the first batch of the Coronavirus vaccine after Russian President Vladimir Putin announced that his country was the first in the world to approve a vaccine. Putin’s announcement on the vaccine on Tuesday was met with warnings from scientists and the …

The European Union has agreed to purchase 300 million doses of the Coronavirus vaccine for the pharmaceutical company “AstraZeneca” as soon as it becomes available, according to the Commission. The European Commission, which is negotiating on behalf of all 27 EU member states, said the deal includes an option to …

Citing Russia’s Health Minister Mikhail Murashko, TASS news agency reports on Friday, the government will publish data/ details about the coronavirus vaccine trial in the coming days. On Wednesday, Murashko said the first batch of the vaccine against coronavirus is expected to be released within two weeks. The World Health Organization (WHO), however, …

President of the United States, Donald Trump, announced on Tuesday that the U.S. government has reached an agreement to purchase 100 million doses of Moderna’s COVID-19 vaccine. Moderna has been working on a vaccine for sometime now and has received huge funds from the U.S. government for its research. The …

The Swiss government’s economic support program has helped Switzerland avoid a wave of companies going bankrupt or out of businesses due to the implications of the coronavirus COVID-19 pandemic, according to a recent report by the KOF Swiss Economic Institute. The number of companies that went out of business actually …