The Indian aviation industry is in crisis mode as the country's extended lockdown measures to reduce the spread of the coronavirus has left all passenger planes grounded till at least May 3.
The coronavirus has spread to 185 countries and territories — infecting more than 2.7 million people and killing over 190,000 globally, according to Johns Hopkins University.
The number of new coronavirus cases in U.S., Spain and Italy may have peaked, but it's still "extremely high" compared that in South Korea and China, said Cedric Chehab, head of country risk and global strategy at Fitch Solutions.
Russia has sought to distance itself from a dispute brewing between the U.S. and China over the origin of the coronavirus, saying it can't support a U.S. investigation into the source of the virus.
Dubai, the glittering commercial hub of the Gulf, is facing the risk of a debt crisis reminiscent of the 2009 crash that wiped out thousands of jobs and nearly half the value of the emirate's stock market.
Demand for consumer loans is picking up in China, especially among the less affluent, highlighting a group that some say could use more support during the coronavirus-induced economic downturn.
"The pressure emerging economies have felt due to falling commodity prices, in particular oil, that reduces the room to maneuver a little," central bank governor, Alejandro Diaz de Leon said, referring to the government's debt and fiscal policy.
While America's retail industry is looking to China for clues about how shoppers are rebounding from the coronavirus pandemic, there are shortcomings to using the region as a blueprint.
An additional 4.4 million Americans filed for jobless claims last week, bringing the total to 26 million over the past five weeks. And, despite the shift to remote work and the surge in demand for certain online services, tech is not immune to the pullback. Jobs openings nationwide across the industry dropped more than 20 percent between mid-March and mid-April, according to analysts at Glassdoor.
"I think the report was incorrect, let me just put it that way," Trump said when asked at a White House press briefing if he knew of Kim Jong Un's condition.
The administration is now also calling on states to resume elective surgeries, which were largely suspended as health systems sought to boost capacity for an expected surge of Covid-19 patients, Pence announced.