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Global economic slump less severe than expected, but still the worst recession in decades, according to IMF
Global economic slump less severe than expected, but still the worst recession in decades, according to IMF
(C) IMF Photograph / Stephen Jaffe

Global economic slump less severe than expected, but still the worst recession in decades, according to IMF

According to current forecasts by the International Monetary Fund (IMF), the global economy should be able to handle the consequences of the corona pandemic somewhat better than has been feared. In its eagerly awaited global economic outlook for this year, the IMF now expects global economic output to decline by only 4.4 per cent. The IMF has thus adjusted its last forecast from June by 0.5 percentage points.

US election campaign entering hot phase: decision in the midst of the crisis
US election campaign entering hot phase: decision in the midst of the crisis
© Morry Gash / POOL / AFP / picturedesk.com

US election campaign entering hot phase: decision in the midst of the crisis

In the midst of the corona crisis, following the first TV debate and US president Donald Trump’s infection with the corona virus, the race for the US presidential office enters its critical phase. In nationwide opinion polls, Democratic candidate Joe Biden is currently ahead of Republican incumbent Trump.

New Prime Minister Suga wants to lead Japan out of the crisis with an old team and reforms
New Prime Minister Suga wants to lead Japan out of the crisis with an old team and reforms
(c) Charly Triballeau / AFP / picturedesk.com

New Prime Minister Suga wants to lead Japan out of the crisis with an old team and reforms

Japan officially entered a new era on Wednesday: As was expected, Japan’s new head of government Yoshihide Suga was elected Prime Minister by the majority of his Liberal Democratic Party (LDP), succeeding Shinzo Abe.

Apple’s stock split causes Dow Jones reshuffle: Salesforce, Amgen and Honeywell replace Exxon, Pfizer and Raytheon
Apple’s stock split causes Dow Jones reshuffle: Salesforce, Amgen and Honeywell replace Exxon, Pfizer and Raytheon

Apple’s stock split causes Dow Jones reshuffle: Salesforce, Amgen and Honeywell replace Exxon, Pfizer and Raytheon

On Monday, trading commences with several changes in the Dow Jones: the software company Salesforce, the biotech company Amgen and the conglomerate Honeywell are new additions to the world’s most famous stock index.

Travel industry hoping for rapid recovery after border opening
Travel industry hoping for rapid recovery after border opening
c_romain-mathon_unsplash

Travel industry hoping for rapid recovery after border opening

With the opening of many European countries’ borders, the travel industry, which has been severely affected by the response measures to the coronavirus pandemic, is also hoping for a revival of travel and tourism, which has virtually come to a standstill.

German government approves EUR 130bn stimulus package to “emerge from the crisis with a bang”
German government approves EUR 130bn stimulus package to “emerge from the crisis with a bang”

German government approves EUR 130bn stimulus package to “emerge from the crisis with a bang”

Germany’s government wants to cushion the consequences of the Corona crisis with a massive economic stimulus package. This show of strength is intended to revive the economy and consumption of citizens and avert a severe recession.