By Andrea Shalal WASHINGTON (Reuters) – The World Bank sharply downgraded its outlook for developing countries and emerging markets in Europe and Central Asia this year due to the coronavirus epidemic, but said those economies could swing back into solid growth in 2021. In an updated outlook published late Wednesday, the World Bank said the […]
Iran’s Zarif hails ‘substantive, frank and friendly’ discussion on virus and ”bilateral, regional and global’ issues. The foreign ministers of longstanding regional foes Iran and the United Arab Emirates (UAE) have held rare talks on several bilateral and regional issues, including the outbreak of coronavirus in the Middle East. In a video call on Sunday […]
FRANKFURT (Reuters) – Euro zone growth remains modest but there are tentative signs of stabilization, even if the coronavirus outbreak in China clouds the horizon, European Central Bank President Christine Lagarde told a parliamentary hearing on Thursday. The ECB has maintained ultra-easy policies for years to boost growth and Lagarde said this support was still […]
