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
Korean Air announces that it will acquire Asiana Airlines for 1.8 trillion KRW (US$1.6 billion) to help the South Korean airline industry continue to grow amid uncertainties during the COVID-19 pandemic. 2020-11-16
Finance Minister Nirmala Sitharaman announces a $35.14 billion package to stimulate the economy by boosting jobs, consumer demand, manufacturing, agriculture and exports hit by the COVID-19 pandemic. She said the package includes 9 billion rupees ($121 million) for development of a vaccine by the government’s biotechnology department. 2020-11-12
Malaysia unveils an RM322.5 billion expansionary 2021 Budget to boost its domestic economic activity, according to government reports, as it grapples with the economic fallout of the pandemic and rising political uncertainty. 2020-11-6
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
The 2020 North American International Auto Show, originally scheduled from June 9–20 in Detroit, has been cancelled due to the designation of the TCF Center as a temporary hospital. 2020-03-29
Egypt begins disinfection on the Giza pyramid complex as an effort to contain COVID-19. 2020-03-25
President Trump signs the Families First Coronavirus Response Act into law to provide economic relief to families affected by the coronavirus pandemic. 2020-03-18