G20 finance ministers to hold virtual talks on coronavirus crisis

Riyadh: Finance ministers and central bankers of the Group of 20 major economies will hold a second round of virtual talks Tuesday to push ahead the coronavirus response, the Saudi hosts said. G20 leaders last week pledged a “united front” in the fight against the pandemic, saying they were injecting 5 trillion into the global economy […]

Coronavirus: Next 30 days are very vital, says Trump

Washington: US President Donald Trump has said that the next 30 days are very vital for America in the fight against the coronavirus pandemic, as the confirmed cases of those infected by the deadly disease soured to 164,000 and fatalities crossed 3,100 in the country. His remarks came a day after he extended the “social […]

World Bank warns China growth could screech to a halt

Washington:The coronavirus pandemic’s economic fallout could cause China’s growth to come to a virtual standstill and drive 11 million more people in East Asia into poverty, the World Bank has warned. The pandemic is causing “an unprecedented global shock, which could bring growth to a halt and could increase poverty across the region,” said Aaditya […]

COVID-19: World economy will go into recession with likely exception of India, China: UN

United Nations: The world economy will go into recession this year with a predicted loss of trillions of dollars of global income due to the coronavirus pandemic, spelling serious trouble for developing countries with the likely exception of India and China, according to a latest UN trade report. With two-thirds of the world’s population living in […]

US begins stockpiling malaria medicine for treating COVID-19 patients

Washington: The US has started procuring malaria medicine ‘Hydroxychloroquine’ for treating COVID-19 patients as it anticipates a favourable result from its ongoing treatment of some 1,100 coronavirus infected people in New York. Pharmaceutical company Sandoz has donated 30 million doses of Hydroxychloroquine to the US government, president Donald Trump told reporters. Bayer has donated one million […]

No plan to extend lockdown: Govt

No plan to extend lockdown: Govt

NEW DELHI: The government on Monday said there was no plan to extend the 21-day lockdown which came intro force on Tuesday midnight. The Press Information Bureau (PIB) of the Ministry of Information and Broadcasting tweeted, saying Cabinet Secretary Rajiv Gauba has denied media reports claiming that the government will extend the lockdown. “There are […]

Admin sanctions Rs 17 cr for registered construction workers

Jammu: Administration sanctioned on Monday Rs 17.65 crore for construction workers registered with the Building and Other Construction Workers Welfare Board, in view of the country-wide lockdown imposed to check the spread of coronavirus infection. According to an order, this financial package is meant for construction workers, who have been left jobless due to the […]

China building makeshift hospital for Pakistan to treat coronavirus patients

China building makeshift hospital for Pakistan to treat coronavirus patients

BEIJING: China, which has sent medical teams and supplies to Pakistan where coronavirus cases are increasing steadily, said on Monday that it was building a makeshift hospital there to treat COVID-19 patients. The number of coronavirus cases in Pakistan reached 1,664 while the death toll stood at 18, health officials said on Monday, underlining that […]