Sources: CNN
Allianz's American asset management unit pleads guilty to criminal securities fraud and agrees to pay $5.8 billion to those who have been misled about the risk of investing in some hedge funds that collapsed with the beginning of the COVID-19 pandemic, in addition to more than $1 billion to the Securities and Exchange Commission. 2022-05-17
France's GDP contracts 8.3% in 2020, the country's worst economic performance since World War II. 2021-01-29
Prime Minister Muhyiddin Yassin announces a new RM15 billion economic assistance package, the Malaysian Economic and Rakyat Protection Assistance Package, which is expected to reduce the impact of COVID-19 on the Malaysian economy. 2021-01-18
An additional 150 million children live in multidimensional poverty since the start of the COVID-19 pandemic earlier this year. The analysis by UNICEF and Save the Children is based on shortcomings in education, health, housing, nutrition, sanitation, and water. 2020-09-17
The S&P Global Ratings downgrades Lebanon's credit rating for its external debt to "selective default" (SD), following defaults due to the resignation of the government in the aftermath of the August 4 explosion in Beirut and the implementation of a two-week lockdown from August 18 following a surge in infections. 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
Sudan's Health Minister Akram Ali Altom says that his country urgently needs 120{{nbsp}}million to combat the COVID-19 pandemic. While the country has registered relatively few cases and two deaths, Altom says that if it spreads, the country is not prepared to face it. 2020-04-11