Business
Commercial aviation is critical to the global economy. In 2019, it supported more than 65 million jobs and had a global economic impact of US$2.7 trillion. The COVID-19 pandemic has been unlike any crisis, both in terms of ...
Jul 1, 2022
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Business
Argentina's economic downturn, with high inflation, a deflating currency and a shortage of US dollars to invest in, has in fact proved a shot in the arm for one sector: cryptocurrency.
May 4, 2021
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Business
It could take up to four years for Emirates airline's operations to return "to some degree of normality", its president said Monday, a day after the carrier announced job cuts over the coronavirus crisis.
Jun 1, 2020
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Business
Hungarian budget airline Wizz Air said on Tuesday it is cutting 1,000 jobs and cutting salaries for the remaining staff as it struggles to cope with Europe's coronavirus lockdown.
Apr 14, 2020
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Business
The ailing US news industry is bracing for more turmoil with the coronavirus pandemic expected to deliver an economic shock to the sector—just when people need credible information the most.
Mar 15, 2020
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In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.
Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
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