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
The government announces that Brazil's economy has grown by 4.6%, the largest increase since 2011, after suffering a slump in 2020 due to the COVID-19 recession. 2022-03-4
Stocks and oil prices decline sharply amid growing concerns over the SARS-CoV-2 Omicron variant. 2021-11-26
Toyota reduces its production quota for next month by 40% due to the resurgence of COVID-19 in Asia severely impacting the company's supply chains, especially those involved in chip production. Up to this point, the company was one of the only major car manufacturers to avoid scaling back production during the pandemic. Volkswagen warns that it might also have to reduce its production quotas for similar reasons. 2021-08-19
Italy approves a new $4.7 billion stimulus package in its 2021 budget to foster an economic rebound from the recession caused by the COVID-19 pandemic. 2020-10-18
Offshore drilling contractor Diamond Offshore Drilling files for bankruptcy due to the oil price collapse, following the reduction in oil demand during the global coronavirus pandemic. 2020-04-27