Rich nations have spent more than $9 trillion so far on tackling the economic fallout from COVID-19. And more spending is on the way as governments try to ensure there is a functioning economy post the pandemic. The damage done is likely to surpass the financial crisis and maybe even the Great Depression. It is … Read more Pandemic proves there is only one world reserve currency | Counting the Cost
G20 world leaders held online crisis talks to discuss the COVID-19 pandemic. Will they come up with policies to help avoid a deep worldwide recession? Guests: Fraser Cameron, director of the EU-Asia Centre; John Gong, professor of economics, University of International Business and Economics. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple … Read more The Point: Can the G20 summit promote international solidarity?
As G20 leaders held their first virtual summit Thursday, Chinese President Xi Jinping once again called for cutting tariffs and removing trade barriers. John Gong, professor from the University of International Business and Economics in Beijing, said that China and the U.S. should help each other as the pandemic rages on. Gong also said that … Read more Expert: Washington should put aside differences with China and focus on saving lives
Whatever is done to shut down the economy to stop the coronavirus is essential to protect companies as well as individuals, says Bloomberg Economics Editor Peter Coy. #Coronavirus #Covid19 #CoronavirusUS #Stimulus If companies fail en masse, high-functioning teams that have taken years to assemble will fail. Synergies will be lost. Workers who thrive in a … Read more World Leaders Are Chocking Off Economic Growth Trying to Stop Coronavirus
Major League Baseball commissioner Rob Manfred joins SportsCenter with Scott Van Pelt to discuss how the league has been forced to adapt due to the coronavirus pandemic. Manfred touches on a host of subjects, including (0:20) how the MLB will determine when to begin the 2020 season, (7:18) the impact of a shortened season on … Read more MLB commissioner Rob Manfred on baseball’s response to coronavirus pandemic | SC with SVP
FT economics commentator Martin Sandbu analyses the emergency fiscal and monetary measures being taken to deal with the global financial and economic fallout from coronavirus ► Check out our Community tab for more stories on the economy. ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes
For a long time, people have been warning that corporate debt could be the major source of vulnerability in today’s economy. And the market meltdown that we’ve been seeing since the beginning of March could make those fears a reality. On this week’s podcast, we speak with frequent Odd Lots guest Chris White of Viable … Read more Corporate Debt Market Fears May Be Coming True
Mar.24 — Nobel laureate Paul Romer, a professor of economics at New York University, says cash handouts aren’t an effective way of fighting the coronavirus outbreak and that the federal government should focus their stimulus on scaling up virus testing. He speaks with Bloomberg’s Alix Steel on “Bloomberg Daybreak: Americas.”