economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

India’s Exports Drop 34.6 Pct In March From Lack Of Demand
India’s Exports Drop 34.6 Pct In March From Lack Of Demand
April 15, 2020  |  Economy

One day after India’s Prime Minister Narendra Modi extended the nationwide lockdown to May 3 due to the coronavirus pandemic, the country’s Commerce & Industry...

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Citi Increases Loss Reserves, Enhances Digital Capabilities
Citi Increases Loss Reserves, Enhances Digital Capabilities
April 15, 2020  |  Earnings

Citigroup reported underwhelming first-quarter results on Wednesday (April 15) as the coronavirus continues to shake the global economy, announcing an approximately $5 billion increase in loan-loss...

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Germany To Reopen Some Shops, Schools Next Week
Germany To Reopen Some Shops, Schools Next Week
April 15, 2020  |  Economy

Germany is planning to allow some shops to reopen next week in the wake of the coronavirus pandemic, according to a Reuters report. Get the...

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Executives Call For More COVID-19 Testing In Meeting With President Trump
Executives Call For More COVID-19 Testing In Meeting With President Trump
April 15, 2020  |  Coronavirus

Business leaders reportedly said in a meeting of President Donald Trump’s task force on opening the economy that the administration would have to greatly grow...

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Fed: US Production Sees Biggest Decline Since 1946
Fed: US Production Sees Biggest Decline Since 1946
April 15, 2020  |  Economy

The COVID-19 has taken a dramatic toll on U.S. manufacturing as production has dropped to its lowest level since World War II, according to a...

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India’s PM Modi Eases IT Rules While Prolonging Lockdown 
India’s PM Modi Eases IT Rules While Prolonging Lockdown 
April 15, 2020  |  Coronavirus

Speaking in a televised address on Tuesday (April 14), India’s Prime Minister Narendra Modi said he is prolonging the countrywide lockdown until May 3 but...

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St. Louis Fed Pushes For Mass Testing Over Quarantine
St. Louis Fed Pushes For Mass Testing Over Quarantine
April 15, 2020  |  Coronavirus

James Bullard, president of the St. Louis Federal Reserve, estimated that the quarantine is costing the U.S. economy $25 billion each day and while the...

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COVID-19 Update: Austria Allows SMBs To Reopen; Harvard Implements Spending Freeze
COVID-19 Update: Austria Allows SMBs To Reopen; Harvard Implements Spending Freeze
April 14, 2020  |  Coronavirus

Austria is letting shops open again as it relaxes its coronavirus lockdown, while universities in the U.S. are taking measures to combat the economic impacts...

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Fed Officials Explore Ways To Reopen US
Fed Officials Explore Ways To Reopen US
April 14, 2020  |  Economy

U.S. Federal Reserve officials are facing a two pronged problem, Reuters reported: How do they reopen the economy while also making sure the coronavirus doesn’t...

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