Offstream
news

---

Changes

1. Global stock markets have lost US$6 trillion in value over the last 6 days.
   2020-02-28 17:03:19 (First version)
2. Global stock markets have lost US$6 trillion in value over the last six days.
   (Current version)

---

Related

International Monetary Fund managing director Kristalina Georgieva confirms that Zambia, the first African nation to default following the COVID-19 pandemic, has agreed to a debt agreement with foreign creditors concerning US$6.3 billion of its debt. $
2023-10-12

U.S. President Joe Biden signs the $1.9 trillion relief package into law. $
2021-03-11

The United States Senate votes 51–50 to pass a budget resolution as a step to pass the $1.9 trillion stimulus package without Republican support, with Kamala Harris casting her first tiebreaking vote as Vice President. $
2021-02-5

The World Tourism Organization reports that the global tourism sector lost $1.3 trillion in revenue in 2020, calling it "the worst year in tourism history". The organization attributes the loss to COVID-19. $
2021-01-28

President Rodrigo Duterte signs into law the Bayanihan to Recover as One Act, a ₱165.5 billion (US$3.4 billion) stimulus package to extend the Bayanihan to Heal as One Act. $
2020-09-11

State-run oil company Saudi Aramco suspends plans to build a US$10 billion oil refinery in Liaoning, China, due to decreased global demand for oil. Its Chinese partners said they will press ahead with the project. $
2020-08-21

Vice Chancellor and Federal Finance Minister Olaf Scholz announces a plan to loan around €218 billion ($258bn) for a bailout to mitigate the impact of the country's recession caused by the pandemic, thereby suspending the debt brake. $
2020-08-21

State-run oil company Saudi Aramco reports that profits in the first half of 2020 plunged by 50% compared to the same period last year, with decreased demand in oil caused by COVID-19 cited as the main reason by CEO Amin H. Nasser. The company plans to uphold its promise of paying out US$75 billion in annual dividends in spite of this. $
2020-08-9

Delta Air Lines announces it is suspending flights to several small-hub airports after losing $534 million in the first quarter of this year due to aviation restrictions caused by the coronavirus pandemic. $
2020-04-27

United Airlines reports a $2.1 billion loss in the first quarter of this year, blaming restrictions on the aviation industry due to the coronavirus pandemic. $
2020-04-20