The Italian government signs a large package of investment and reforms that will be financed by the European Union’s €800 billion recovery fund, of which the country received €191.5 billion including €69 billion of grants. 2021-04-25
The G20 finance ministers and central bank governors agree to extend the debt moratorium period for the least developed countries until December. 2021-04-7
The economy enters recession for the first time since 1987 after the country's GDP declined by 12.2% between April and June, amid a nationwide lockdown and travel bans due to COVID-19. 2020-09-17
The Spanish economy suffers a historically large fall in the second quarter of 18.5% of GDP and enters in recession, making Spain the Eurozone country most economically devastated by the pandemic. 2020-07-31
Airbnb secures a 1{{nbsp}}billion loan to stay afloat as the pandemic causes worldwide demand for its services to drop. This follows a separate bond deal, also worth US$1 billion, it negotiated last week for similar reasons. 2020-04-14
G20 finance ministers said they will present an action plan to address the debt vulnerabilities, as well as delivering financial aid to emerging economies. 2020-03-31
Dubai-based airline Emirates announces that it will be suspending all passenger flights effective March 25 in response to the coronavirus pandemic, but will continue to operate cargo flights for essential goods. 2020-03-22
Oil prices plummet after Saudi Arabia cut its official selling prices over the weekend. 2020-03-9