Gulf Times - economy
UK economy extends recovery from Covid crash, growth seen fading

UK economy extends recovery from Covid crash, growth seen fading

Britain's economy recovered half of its Covid-19 crash by the end of July, helped by restaurants reopening from lockdown, but the bounce-back is expected to slow as job losses mount and Brexit tensions rise.

India's Reliance denies plans for Amazon mega-deal

India's Reliance denies plans for Amazon mega-deal

Indian conglomerate Reliance denied a report Thursday that it was planning to sell a $20-billion stake in its retail business to US rival Amazon in a deal that could upend the country's hugely lucrative e-commerce sector.

Turkey to wield competitive lira in economy’s pivot after virus: Albayrak

Turkey to wield competitive lira in economy’s pivot after virus: Albayrak

Turkey can capitalise on the legacy of this year’s global health crisis by putting a competitive lira at the heart of a new strategy to move toward a more export-focused economy ...

IMF chief warns global economic crisis 'far from over'

IMF chief warns global economic crisis 'far from over'

The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is ‘unlikely’ without a vaccine ...

France puts jobs at heart of economy rescue plan

France puts jobs at heart of economy rescue plan

The French government said on Thursday employment was paramount as it unleashed a mammoth spending plan for the virus-hit economy that has been hemorrhaging jobs.

India bans 118 Chinese apps in new backlash over border dispute

India bans 118 Chinese apps in new backlash over border dispute

The government on Wednesday banned 118 more Chinese apps as the backlash intensified against Beijing over an increasingly bitter border showdown between the giant neighbours.

Germany sees economy recovering faster than expected in 2020

Germany sees economy recovering faster than expected in 2020

Germany expects the economic devastation caused by the Covid-19 pandemic to be less severe this year than originally feared, but sluggish foreign demand is likely to weaken the rebound in Europe's largest economy ...

India’s economy plunges by record 23.9% after harsh lockdown

India’s economy plunges by record 23.9% after harsh lockdown

India’s economy contracted by the most on record last quarter as the world’s biggest lockdown to stem the coronavirus pandemic brought key industries to a halt and rendered millions of people jobless.

Qatar Chamber chairman: labour market reforms will help diversify economy

Qatar Chamber chairman: labour market reforms will help diversify economy

Qatar Chamber Chairman HE Sheikh Khalifa bin Jassim bin Mohamed al-Thani said that setting the minimum wage and facilitating changing employers are important additions to the labour market reforms ...

Canada economy posts record plunge, falling 38.7% in Q2

Canada economy posts record plunge, falling 38.7% in Q2

Canada's economy shrank at a record annualised pace of 38.7% in the second quarter as a nationwide pandemic lockdown closed businesses and curtailed spending ...

Qatar Free Zones welcomes new 'economy businesses' to set up very fast, enjoy new infrastructure

Qatar Free Zones welcomes new 'economy businesses' to set up very fast, enjoy new infrastructure

Qatar Free Zones welcomes new “economy businesses” to set up very fast and enjoy brand new infrastructure, tailor-made solutions, and the opportunity to partner with top Qatari companies ...

Trump says readying executive orders on virus relief package

Trump says readying executive orders on virus relief package

President Donald Trump said Friday he was poised to sign executive orders to extend aid to Americans facing hardship due to the coronavirus pandemic ...