The Strategist
World & Politics

Saudi Arabia loses $ 27B in reserves, raises taxes - 05/12/2020

Oil wars with prices falling to the levels of the 1990s and the coronavirus pandemic brought Saudi Arabia to a crisis of public finances. According to the results of March, the gold and foreign exchange reserves of the kingdom fell by $ 27 billion - a record for 20 years of available statistics, and their total volume shrank to $ 464 billion - the lowest since 2011, reports AlJazeera. A third...

India extends lockdown to the end of May - 05/06/2020

The six-week self-isolation regime in India, which was due to end on Monday, will run until May 25. The decision to extend the quarantine for another two weeks is caused by disappointing statistics from the epidemic. Despite the strict lockdown introduced at the end of March, the number of cases in the first May days has been record. However, the regime of self-isolation will become more...

Asian Development Bank allocates $ 1.5B to India to fight COVID-19 - 04/29/2020

On Tuesday, the Asian Development Bank (ADB) allocated a loan of $ 1.5 billion to India to fight coronavirus, localize and prevent diseases, and protect the poor and economically vulnerable sectors of the society, the bank said. "ADB is fully committed to supporting the Government of India in responding to this unprecedented challenge. The Quick Disbursement Fund is part of a broader support...

EC: Eurozone GDP decline may reach 7.5% in 2020 - 04/28/2020

Decline in the eurozone economy due to the fight against the pandemic of the new coronavirus this year may be close to the figure previously expected by the International Monetary Fund (IMF), that is, 7.5%, said European Commissioner for Economics Paolo Gentiloni, speaking at a meeting of the profile committee of the European Parliament. "It is clear that a deep recession is inevitable in Europe...

South Korean minister: There's nothing unusual happening in North Korea right now - 04/27/2020

South Korean inter-Korean relations minister Kim Yong-chol confirmed that there are currently no major changes in the situation in the DPRK. He said at a closed forum that the government "has intelligence that gives reason to say with confidence that nothing unusual is happening," media reported. In recent days, there have been reports that the North Korean leader Kim Jong-un is seriously ill...

US, EU funnel new funds into economies - 04/27/2020

By the end of last week, the United States and the European Union approved two new large packages of financial assistance measures. In the United States, another $ 500 billion was allocated to support business and the fight against coronavirus, while EU leaders approved a €540 billion program, but failed to agree on the economic recovery fund. According to experts, the measures taken may not be...

Canada to allocate $ 780M for COVID19 vaccine - 04/24/2020

Canadian Prime Minister Justin Trudeau said the country would provide $ 780 million for research and development of a vaccine against coronavirus. Of this amount, $ 471 million will be spent on clinical trials, and another $ 82 million will go for the creation of the vaccine itself. “This plan consists of three parts: research related to (developing) a vaccine and other treatments, conducting...

Maduro grants petro cryptocurrency loans to large farmers - 04/23/2020

President of Venezuela, Nicolas Maduro, on television broadcasts announced issuance of loans in the national cryptocurrency Petro to companies engaged in the production of grain. "For sowing grain, we will issue a loan to Agrosur company in the amount of 566 thousand petro. Petro finances the production!" - President said before handing the check for the cryptocurrency to the company’s CEO....

US Missouri sues China over COVID-19 - 04/22/2020

The US state of Missouri filed a lawsuit against Beijing in connection with the COVID-19, and is seeking damages to compensate for the "enormous human losses, human suffering, and economic turmoil" caused by the pandemic, reports The Hill. "COVID-19 has done irreparable damage to countries around the world, causing illness, death, economic turmoil and human suffering," reads a statement published...

Chinese GDP loses 6.8% in Q1 - 04/21/2020

China has become the first country to report a sharp drop in business activity due to COVID-19. According to the National Bureau of Statistics of the PRC, the country's GDP in the first quarter of 2020 fell immediately by 6.8% in annual terms. At the same time, the decline in retail sales in China was more significant than that in industrial production. Experts believe that, despite the PRC's...
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