In its latest report on tourism, in which it made use of the UNWTO data, the IIF noted that tourism will likely be among the last sectors to recover from the shock of the global health crisis.
Lebanon has submitted an official request to the IMF for funds for restructuring its public debt and implementing necessary reforms in the country.
Since 2007, households worldwide have added over $12trn to the mountain of global debt. The corporate and general government sectors have, however, accounted for much more of the build-up ($31trn and $34trn respectively), the IIF said in its recent report.
COVID-19 fears prompt sharp downgrades to corporate earnings estimates, raising the risk of fallen angels and fire sales.
Europe runs the highest recession risk among major economies, US is premature
A decade ago, the subprime crisis began in the US, which a year later became a global financial crisis with the failure of Lehmann Brothers. DW explores what politicians and the financial world have learned?Everyone is smarter after the fact. But in April 2007 when the US mortgage lender New Century Financial went broke, and …
The financial crisis is coming back to roost in Italy after warnings about Banco Monte dei Paschi di Siena’s massive amount of non-performing loans caused Italian banking shares to plumb new depths.
The British government has begun selling its shares in the bailed-out Royal Bank of Scotland, seven years after it acquired a majority stake in the embattled financial institute at the height of the financial crisis. The Treasury said Tuesday it had sold 630 million shares, representing 5.4 percent of the bank, for 2.1 billion pounds …
CBE invested EGP 48bn in treasury bonds during the last fiscal year
Delays in the reform programme could lead lower wages and potential layoffs
