globalization - updates

Rappler's latest stories on globalization

ARTICLE FINDER

[OPINION] My organization assists victims of war; what does COVID-19 mean for them?

Apr 04, 2020 - 10:00 AM

We see the world at its worst, which is why I want world leaders and governments to listen carefully: I am scared

ADB warns global cost of virus could top $4 trillion

Apr 03, 2020 - 2:40 PM

The Asian Development Bank says this may even be an underestimate, since the severity of the coronavirus pandemic remains uncertain

This aerial photo taken on April 2, 2020 shows people visiting a night market in Shenyang in China's northeastern Liaoning province. (Photo by STR / AFP) / China OUT

World Bank to roll out $160-billion emergency aid over 15 months

Apr 03, 2020 - 11:00 AM

India will be the largest beneficiary of the first wave of programs with a facility for $1 billion, followed by Pakistan with $200 million and Afghanistan with a little over $100 million

A roadside fruit vendor waits for customers during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, in Allahabad on April 2, 2020. (Photo by SANJAY KANOJIA / AFP)

Stock markets go topsy turvy as oil jumps, U.S. data stoke fear

Apr 03, 2020 - 7:05 AM

Investors are now a 'bundle of nerves,' says AxiCorp's Stephen Innes

NEW YORK, NY - APRIL 02: A person walks down Wall Street on April 02, 2020 in New York City. Hospitals in New York City, which has been especially hard hit by the coronavirus, are facing shortages of beds, ventilators and protective equipment for medical staff. Currently, over 92,000 people in New York state have tested positive for COVID-19. Spencer Platt/Getty Images/AFP

Global stocks suffer another rout as coronavirus crisis deepens

Apr 02, 2020 - 7:45 AM

Investors react on Wednesday, April 1, to United States President Donald Trump's pronouncement that the US is in for 'a very, very painful two weeks'

TRADING. People walk in front of the New York Stock Exchange on March 17, 2020 in New York City. Photo by Spencer Platt/Getty Images/AFP

Dow ends disastrous quarter on weak note while European stocks gain

Apr 01, 2020 - 7:00 AM

The Dow suffers a loss of more than 23% for the 1st quarter of 2020, its worst since 1987

(FILES) In this file photo a view of New York Stock Exchangeis seen on Wall Street March 23, 2020 in New York City. - Wall Street stocks opened lower on March 31, 2020 as the Federal Reserve unveiled a new vehicle to boost market liquidity and the coronavirus case count continued to climb. Shortly after the opening bell, the Dow Jones Industrial Average was down 0.3 percent at 22,251.38.The broad-based S&P 500 fell 0.4 percent to 2,616.01, while the tech-rich Nasdaq Composite Index shed 0.4 percent to 7,744.65. (Photo by Angela Weiss / AFP)

Oil prices slide on shattered demand, stocks mostly rise

Mar 30, 2020 - 12:20 PM

(UPDATED) United States and European stock markets move higher on Monday, March 30, but most Asian stock markets fall

A man wearing a fast mask walks past a quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on March 30, 2020. - Tokyo stocks opened down more than three percent on March 30, as traders fret about the spreading coronavirus with a higher yen against the dollar also weighing on the market. (Photo by Kazuhiro NOGI / AFP)

Stock markets retreat as nervous investors pocket week's gains

Mar 28, 2020 - 7:30 AM

The sell-off on Friday, March 27, 'is most probably a consequence of 3 days of strong gains and a paring of risk ahead of the weekend,' says analyst Michael Hewson

Pedestrians wearing face masks walk past a quotation board displaying the share price numbers on the Tokyo Stock Exchange in Tokyo on March 27, 2020. - Tokyo stocks opened more than three percent higher on March 27, tracking rallies on Wall Street on a massive US economic relief package. (Photo by Kazuhiro NOGI / AFP)

IMF chief: 'Clear we have entered recession'

Mar 28, 2020 - 12:41 AM

(UPDATED) International Monetary Fund chief Kristalina Georgieva says 'it is clear that we have entered a recession' that will be worse than in 2009 following the global financial crisis

IMF. In this file photo taken on February 10, 2020 International Monetary Fund Managing Director Kristalina Georgieva listens during an event at the World Bank in Washington, DC. File photo by Brendan Smialowski/AFP

International tourism to plunge up to 30% due to virus – U.N.

Mar 27, 2020 - 9:30 PM

The drop in arrivals will lead to an estimated loss of $300 billion to $450 billion in international tourism receipts, says the World Tourism Organization

People wear a protective facemask as they walk in front the Eiffel tower, in Paris, on March 12, 2020 during a world COVID-19 outbreak. - The novel coronavirus "is a controllable pandemic" if countries step up measures to tackle it, the head of the World Health Organization (WHO) said March 12, 2020. More than 4,500 people have died, according to an AFP tally, while the WHO said some 125,000 cases had been reported from 118 countries and territories. The pandemic has disrupted cultural and sporting events around the world as authorities try to prevent large gatherings. (Photo by Ludovic Marin / AFP)

Pandemic will cut global investment flows more than feared – U.N.

Mar 27, 2020 - 11:00 AM

'It is now evident that pandemic mitigation efforts and lockdowns around the world will have devastating effects on all economies,' say United Nations economists

This aerial photo taken on March 10, 2020 shows an empty street in Wuhan in China's central Hubei province. - China said on March 10 the epicentre of the new coronavirus outbreak Hubei would relax travel restrictions to allow healthy people to move within the hard-hit province. (Photo by STR / AFP) / China OUT

Stocks brush aside record U.S. unemployment surge

Mar 27, 2020 - 7:15 AM

Investors welcome the United States' proposed $2-trillion stimulus package and the G20's pledge on Thursday, March 26, to inject $5 trillion into the global economy

Pedestrians walk in front of a quotation board displaying stock prices on the Tokyo Stock Exchange in Tokyo on March 26, 2020. - Tokyo's key Nikkei index opened down more than three percent on March 26 on profit-taking after surging in recent sessions, although US stimulus plans offset worries over the COVID-19 coronavirus pandemic. (Photo by Kazuhiro NOGI / AFP)

Britain, eurozone face 2% recession in 2020 – S&P

Mar 26, 2020 - 8:30 PM

S&P says a 2% recession for Britain and the eurozone would amount to a loss in real GDP of about 420 billion euros ($460 billion) in 2020

A man wearing a mask walks past the Regional Science Centre in Oldham, Lancashire on March 26, 2020, during a country-wide lockdown to slow the spread of the novel coronavirus COVID-19. (Photo by Oli SCARFF / AFP)

Massive risks to world economy as virus battle rages

Mar 26, 2020 - 5:05 PM

The coronavirus pandemic is wreaking havoc on the global economy. Here are the key concerns.

Deserted streets of the island financial zone are seen in San Juan, Puerto Rico on March 25, 2020. - Almost one billion people were confined to their homes worldwide as the global coronavirus death toll topped 12,000 and US states rolled out stay-at-home measures already imposed across swathes of Europe. More than a third of Americans were adjusting to life in various phases of virtual lockdown -- including in the US's three biggest cities of New York, Los Angeles and Chicago -- with more states expected to ramp up restrictions. (Photo by Ricardo ARDUENGO / AFP)

S&R confirms Koko Pimentel shopped at BGC store on March 16

Mar 26, 2020 - 2:23 PM

CCTV footage shows the senator shopping at S&R's BGC branch on March 16 when he was supposed to be in quarantine

QUARANTINE? The senator is confirmed to have broken his coronavirus quarantine at least twice – for an S&R run and later, to accompany his wife to the hospital. File photo by Angie de Silva/Rappler

Stocks rally advances on German, U.S. stimulus plans

Mar 26, 2020 - 7:30 AM

The United States' $2-trillion bill and Germany's 1.1-trillion-euro rescue package to combat the coronavirus pandemic lift markets on Wednesday, March 25

The wall Street street sign is seen on March 23, 2020 in New York City. - Wall Street fell early March 23, 2020 as Congress wrangled over a massive stimulus package while the Federal Reserve unveiled new emergency programs to boost the economy including with unlimited bond buying. About 45 minutes into trading, the Dow Jones Industrial Average was down 0.6 percent at 19,053.17, and the broad-based S&P 500 also fell 0.6 percent to 2,290.31 after regaining some ground lost just after the open. (Photo by Angela Weiss / AFP)

U.S. urges Saudi Arabia to 'reassure' oil and financial markets

Mar 25, 2020 - 11:00 PM

'We agreed all countries need to work together to contain the pandemic and stabilize energy markets,' says US Secretary of State Mike Pompeo

DE FACTO LEADER. Saudi Arabia's Crown Prince Mohammed bin Salman attends a signing ceremony following a meeting of Russian President Vladimir Putin with Saudi Arabia's King Salman in Riyadh on October 14, 2019. File photo by Alexey Nikolsky/Sputnik/AFP

Wall Street leads global markets surge on U.S. stimulus hopes

Mar 25, 2020 - 7:00 AM

The Dow surges 11.4% on Tuesday, March 24, its biggest one-day percentage increase since 1933

A display showing the German share index Stock Market Index DAX is pictured at the stock exchange in Frankfurt, Germany, on March 24, 2019. - The German Stock Exchange in Frankfurt rebounded strongly on March 24, with the Dax gaining 10.98% at closing in a market reacting to the extent of monetary support from central banks and state budgets, in the fight against the economic damage caused by the COV-19 coronavirus pandemic. (Photo by Daniel ROLAND / AFP)

IMF warns coronavirus recession could be worse than 2009

Mar 24, 2020 - 7:30 AM

The International Monetary Fund says the outlook for 2020 'is negative – a recession at least as bad as during the global financial crisis or worse'

People queue to buy fruits and vegetables in a shop of the Montmartre hill neighbourhood of Paris on March 22, 2020 on the sixth day of a strict nationwide confinement seeking to halt the spread of the COVID-19 infection caused by novel coronavirus, with excursions from the home limited to buying food, visiting the doctor, walking the dog or going for a solitary jog. - People who venture outside need to carry a certificate, which can be printed from the government website, to declare the reason for their trip, and risk a 135-euro ($145) fine if they cannot show one. The government has deployed 100,000 police to monitor people's movements. (Photo by Lionel BONAVENTURE / AFP)

World stocks drop again on mounting economic toll from virus

Mar 24, 2020 - 7:00 AM

Markets continue to plummet on Monday, March 23, moving inversely to the mounting number of coronavirus cases globally

The Fearless Girl statue stands in front of the New York Stock Exchange near Wall Street on March 23, 2020 in New York City. - Wall Street fell early March 23, 2020 as Congress wrangled over a massive stimulus package while the Federal Reserve unveiled new emergency programs to boost the economy including with unlimited bond buying. About 45 minutes into trading, the Dow Jones Industrial Average was down 0.6 percent at 19,053.17, and the broad-based S&P 500 also fell 0.6 percent to 2,290.31 after regaining some ground lost just after the open. (Photo by Angela Weiss / AFP)

OECD chief calls for new Marshall Plan against pandemic

Mar 23, 2020 - 10:45 PM

Angel Gurria says governments' coordination to fight the coronavirus pandemic should exceed the Marshall Plan, which rebuilt Europe after World War II

A municipal worker uses a sprayer while disinfecting the popular Medina neighbourhood of Dakar on March 22, 2020. - The Senegalese government wanted to be firm on Saturday in the fight against the new coronavirus, ruling out "all tolerance" in the face of violators of established rules, including the ban on assemblies, in a country which has reached nearly 60 confirmed cases. (Photo by JOHN WESSELS / AFP)

World underestimated pandemic, says economist who saw it coming

Mar 21, 2020 - 11:25 PM

Economist Ian Goldin says countries must cooperate to find a way out of the coronavirus crisis. But he asks, 'Is the world capable of developing a coordinated action plan?'

Workers in protective suits wait for people to be tested for Coronavirus (COVID-19) as they arrive by car at the State's First Drive Through COVID-19 Mobile Testing Center at Glen Island Park in New Rochelle, New York March 13, 2020. - Governor Andrew M. Cuomo on March 13, 2020 opened the state’s first drive-through COVID-19 mobile testing center in New Rochelle. (Photo by TIMOTHY A. CLARY / AFP)

Stock markets rise on huge economic support plans

Mar 20, 2020 - 11:55 PM

While investors react positively to actions taken by governments and central banks, an analyst warns that 'we could not be in a more uncertain time'

A woman walks past the New York Stock Exchange (NYSE) on March 19, 2020 at Wall Street in New York City. - Wall Street stocks fell again early Thursday as central banks unveiled new stimulus measures and US jobless claims showed an initial hit from the slowdown generated by the coronavirus outbreak. (Photo by Johannes EISELE / AFP)

Top central banks launch new bid to keep dollars flowing

Mar 20, 2020 - 11:10 PM

Starting on Monday, March 23, certain dollar liquidity operations among the banks will occur daily rather than weekly

Stocks rise as governments ramp up efforts vs coronavirus

Mar 20, 2020 - 7:00 AM

Many analysts expect markets to remain highly volatile and under pressure until health authorities get a better grasp of the scale of the coronavirus pandemic

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020, at Wall Street in New York City. - Wall Street stocks fell again early Thursday as central banks unveiled new stimulus measures and US jobless claims showed an initial hit from the slowdown generated by the coronavirus outbreak. (Photo by Johannes EISELE / AFP)

Coronavirus pandemic could make another 25 million jobless – U.N.

Mar 18, 2020 - 11:55 PM

The United Nations estimates up to 25 million more people may become unemployed and workers may lose as much as $3.4 trillion in income due to the coronavirus pandemic

Iranians, some wearing protective masks, gather around the capital Tehran's grand bazaar, during the Covid-19 coronavirus pandemic crises, on March 18, 2020. - Iran said its novel coronavirus death toll surpassed 1,000 today as President Hassan Rouhani defended the response of his administration, which has yet to impose a lockdown. The COVID-19 outbreak in sanctions-hit Iran is one of the deadliest outside China, where the disease originated. (Photo by - / AFP)

World markets tumble as recession fears eclipse stimulus

Mar 18, 2020 - 11:40 PM

(UPDATED) Most market commentators agree that the virus-wracked world economy will likely plunge into recession

Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on March 18, 2020 in New York. - Wall Street stocks resumed their downward slide early Wednesday as the economic toll mounts from the rapid near-shutdown of key industrial and services sectors.About 15 minutes into trading, the Dow Jones Industrial Average stood at 20,040.66, down around 1,200 points or 5.6 percent. (Photo by Bryan R. Smith / AFP)

Andrew Tan's AGI donates 1 million liters of alcohol vs coronavirus

Mar 18, 2020 - 6:45 PM

'We need to protect our frontliners...whose lives are at risk in protecting and treating people from this virus,' says Alliance Global CEO Kevin Andrew Tan

Stocks rebound as U.S. makes economic moves against virus

Mar 18, 2020 - 7:00 AM

A day after shedding almost 3,000 points, the Dow finishes up 5.2% or around 1,050 points on Tuesday, March 17

NEW YORK, NEW YORK - MARCH 17: People walk in front of the New York Stock Exchange (NYSE) on March 17, 2020 in New York City. The markets have trended upward a day after the Dow Jones Industrial Average suffered its worse single-day loss ever on COVID-19 fears. Spencer Platt/Getty Images/AFP

[OPINION] The coronavirus: A warning to care for our common home

Mar 17, 2020 - 3:37 PM

'The outbreak proves once again that we fail to learn from our history. This reality is not just limited to armed conflicts, political patterns, or social revolutions; it also applies to the way we treat our environment.'

G7 pledge to 'do whatever it takes' to safeguard economy

Mar 17, 2020 - 8:30 AM

Britain, Canada, France, Germany, Italy, Japan, and the United States 'resolve to coordinate measures...to achieve strong growth in the G7 economies'

In this handout photograph received by Jiji Press and released by Japan's Cabinet Public Relations Office, Prime Minister Shinzo Abe (R) speaks from Tokyo with other G7 leaders during a video conference late on March 16, 2020. - Leaders of the G7 industrial powerhouses pledged on march 16 to join forces to halt economic freefall in the wake of the coronavirus pandemic, which they called "a human tragedy." (Photo by Handout / various sources / AFP) / Japan OUT / --- RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / JIJI PRESS / JAPAN'S CABINET PUBLIC RELATIONS OFFICE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS ---

Markets plunge as intervention fails to ease virus panic

Mar 16, 2020 - 11:55 PM

(UPDATED) Central banks around the world unveil measures to cushion the economic blow of the coronavirus, but equity markets still plunge on Monday, March 16

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. - Trading on Wall Street was halted immediately after the opening bell Monday, as stocks posted steep losses following emergency moves by the Federal Reserve to try to avert a recession due to the coronavirus pandemic.Just after the opening bell, the S&P 500 was at 2,490.47, a drop of 8.1 percent and beyond the seven percent loss that automatically triggers a 15-minute trading halt. (Photo by Johannes EISELE / AFP)

World needs coordinated fiscal response to pandemic – IMF chief

Mar 16, 2020 - 10:05 PM

'There is a lot more work to do,' says International Monetary Fund Managing Director Kristalina Georgieva

IMF. In this file photo taken on October 10, 2017, a logo for the 2017 Annual Meetings is seen inside the International Monetary Fund headquarters in Washington, DC. File photo by Andrew Caballero-Reynolds/AFP

Recession risk calls for joint response – U.N. chief

Mar 16, 2020 - 1:30 PM

'No country can face it alone,' says United Nations Secretary-General Antonio Guterres, as the coronavirus 'infects' the global economy

MISSED OPPORTUNITY. UN Secretary-General Antonio Guterres says the international community lost an opportunity. File photo by Fabrice Coffrini/AFP

Unlike 2008, world's economic doctors feud over cure

Mar 16, 2020 - 11:30 AM

There has been no collective response on how to shield global growth from the coronavirus pandemic, and globalization itself is ailing

NEW YORK, NY - MARCH 15 : People take a photo in an empty Rockefeller Plaza on March 15, 2020 in New York City. The World Health Organization declared COVID-19 a global pandemic on March 11. Stephanie Keith/Getty Images/AFP

[OPINION] The Pope and single-use plastics

Mar 15, 2020 - 4:00 PM

Pope Francis’s encyclical 'Laudato Si’' points to one undeniable fact: that human behavior is at the root of the ‘ecological crisis,’ and therefore at the heart of solving it

Late surge lifts Wall Street stocks as coronavirus hits economy

Mar 14, 2020 - 7:30 AM

The furious rally at the end shows volatility remains elevated in markets, a trend also apparent in Europe, which is now the epicenter of the coronavirus pandemic

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 13, 2020 at Wall Street in New York City. (Photo by Johannes EISELE / AFP)

WATCH: Doha Debates 2020

Mar 13, 2020 - 7:26 PM

Watch the discussions on gender equality and genetics here

Global stocks suffer historic rout, shrugging off central bank steps

Mar 13, 2020 - 7:55 AM

The Dow suffers its worst session since 1987 on Thursday, March 12

The closing numbers are displayed after the closing bell of the Dow Industrial Average at the New York Stock Exchange on March 12, 2020 in New York. - The Dow suffered its worst session since 1987 on March 12, 2020, plunging 10 percent as emergency measures by central banks failed to douse mounting recession fears due to the coronavirus. The Dow Jones Industrial Average finished down around 2,350 points, or 10 percent, at 21,200.62. (Photo by Bryan R. Smith / AFP)

Depth of economic slowdown depends on response – IMF

Mar 13, 2020 - 1:20 AM

'This is not something that stops at national borders, we need to work together,' says International Monetary Fund spokesman Gerry Rice

DISINFECTION. This photo taken on February 22, 2020 shows a man (L) who has recovered from the COVID-19 coronavirus infection being disinfected by a medical staff before leaving the hospital in Wuhan in China's central Hubei province. Photo by AFP

Dow in bear market as global rout deepens on coronavirus fears

Mar 12, 2020 - 7:00 AM

The Dow suffers yet another brutal daily drop that leaves the index more than 20% below its peak, making it a bear market

NEW YORK, NY - MARCH 11: A board on the floor of the New York Stock Exchange (NYSE) on the floor of the New York Stock Exchange (NYSE) on March 11, 2020 in New York City. The Dow plunged more than 1400 points as Coronavirus cases rose around the world. Jeenah Moon/Getty Images/AFP

World's 500 richest people lose $238.5 billion on 'Black Monday'

Mar 11, 2020 - 5:00 PM

The global market plunge on Monday, March 9, erases $5.8 billion from the net worth of Asia's richest person, Indian magnate Mukesh Ambani, who is now overtaken by Chinese tycoon Jack Ma

(FILES) In this file photo taken on September 27, 2017 Mukesh Ambani, chairman of Reliance Industries, delivers his speech during the inauguration of the India Mobile Congress in New Delhi. - The global slump in equities because of the coronavirus has lost India's Mukesh Ambani his crown as Asia's richest person to Jack Ma of China, according to the Bloomberg Billionaires Index. All told, the world's 500 richest people lost $238.5 billion on March 9, 2020, according to Bloomberg, the biggest daily plunge since the index began tracking them in October 2016. (Photo by Prakash SINGH / AFP)

U.S. stocks rise after volatile session as oil prices bounce

Mar 11, 2020 - 6:30 AM

The Dow closes higher on Tuesday, March 10, as the Trump administration promises aid to ease the economic impact of the novel coronavirus

Traders work on the floor of the New York Stock Exchange during the opening bell on March 10, 2020 in New York. - Wall Street stocks bounced early Tuesday, recovering some of the losses from the prior session's rout, in anticipation of stimulus measures to address the economic hit from coronavirus. About 15 minutes into trading, the Dow Jones Industrial Average stood at 24,484.20, up 2.7 percent or around 630 points. The index lost more than 2,000 points on Monday in its worst session since 2008. (Photo by TIMOTHY A. CLARY / AFP)

[OPINION] Dreaming on a dying planet: A letter from a young climate activist

Mar 10, 2020 - 2:13 PM

'Having clean air, water, and soil means that we can become who we have always wanted to be'

IMF to test working from home in case coronavirus strikes

Mar 10, 2020 - 10:00 AM

The International Monetary Fund instructs its employees to work from home on Friday, March 13, as part of 'crisis preparedness efforts'

IMF. In this file photo taken on September 4, 2018, the logo of the International Monetary Fund is seen at the IMF headquarters in Washington, DC. File photo by Jim Watson/AFP

IMF calls for 'substantial' stimulus, coordination against coronavirus

Mar 10, 2020 - 4:20 AM

(UPDATED) The International Monetary Fund urges policymakers to help households and businesses through a 'coordinated, international response'

SPRAY. Market workers wearing protective gear spray disinfectant at a market in the southeastern city of Daegu on February 23, 2020 as a preventive measure after the COVID-19 coronavirus outbreak. Photo by Yonhap/AFP

Coronavirus crisis could cost world up to $2 trillion – U.N.

Mar 10, 2020 - 3:30 AM

Loss of consumer and investor confidence, a slowdown of global demand, swelling debt, and widespread market anxiety are just some of the issues clouding the global economic horizon

This photo taken on February 20, 2020 shows two staff members crossing an empty road as they deliver vegetables to a hospital in Wuhan in China's central Hubei province. - The death toll in China from the COVID-19 coronavirus epidemic rose to 2,236 on February 21 after 118 more people died, most of them in the hard-hit epicentre province of Hubei, the government said. (Photo by STR / AFP) / China OUT

Oil crash sparks 'Black Monday' meltdown on virus-hit markets

Mar 10, 2020 - 2:45 AM

(UPDATED) 'The markets have passed from panic mode into pure hysteria,' says Ayush Ansal, chief investment officer at trading firm Crimson Black Capital

Meric Greenbaum, Designated Market Maker IMC financial looks up at the board before the opening bell right before trading halted on the New York Stock Exchange on March 9, 2020 in New York. - Trading on Wall Street was temporarily halted early March 9, 2020 as US stocks joined a global rout on crashing oil prices and mounting worries over the coronavirus.The suspension was triggered after the S&P 500's losses hit seven percent. Near 1340 GMT, the broad-based index was down more than 200 points at 2,764.21. (Photo by TIMOTHY A. CLARY / AFP)

Coronavirus outbreak will slash global investment flows – U.N.

Mar 09, 2020 - 9:30 PM

United Nations economists warn that regardless of how quickly the coronavirus outbreak lasts, it would significantly drag down global foreign direct investments

INVESTMENTS. The Bangko Sentral ng Pilipinas says the Philippines got higher foreign direct investments in February 2019. Photo from Shutterstock

World's finance chiefs open taps for virus fightback

Mar 07, 2020 - 3:30 PM

As the novel coronavirus spreads, here are some of the responses by monetary policymakers in North America, Asia, and Europe

Tellers wearing face masks work at a currency exchange store in Melbourne on March 5, 2020. - Over 50 people have been confirmed to have the COVID-19 coronavirus in Australia so far with the latest cases including an eight-month-old baby in Adelaide. (Photo by William WEST / AFP)