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Pandemic slashes international tourism by 70%: UN
International tourists arrivals plunged by an annualized 70 percent during the first eight months of 2020 because of the coronavirus pandemic, the World Tourism Organization (UNWTO) said.
Swiss bank giant UBS posts best Q3 in a decade despite pandemic
Swiss banking giant UBS said Tuesday it nearly doubled its net profit in its best third quarter in a decade, the latest in a string of global lenders to report better-than-expected results despite the coronavirus pandemic.
China's super-wealthy got $1.5 trn richer during pandemic
China's super-wealthy have earned a record $1.5 trillion during the last year despite the global economic collapse caused by the pandemic that began in Wuhan.
Work pod built for two could be the new way to have face-to-face meetings in Japan
Since the start of the coronavirus pandemic, spoken business communication has largely shifted to videoconferences. However, holding a conversation over the Internet comes with a variety of potential problems. Technical glitches can make it hard to hear one another, and the effects of non-verbal communication are greatly diminished when they have to come through a monitor, with nuance and personality being lost along the way.
Pandemic wave risks delaying eurozone recovery: ECB's Panetta
The risk that the second wave of the coronavirus pandemic could derail the eurozone’s recovery from deep recession makes ultra-easy monetary policy all the more necessary, European Central Bank board member Fabio Panetta has told a Greek newspaper.
IMF chief economist expects slow global recovery with pandemic not under control
Global economic recovery is going to be slow as long as the COVID-19 pandemic is not under control, International Monetary Fund (IMF) chief economist Gita Gopinath has said, calling for multilateral efforts to contain the virus.
US efforts to cut Iran off from rest of world amid pandemic is cruel
As Iran surpasses half a million cases and more than 29,000 deaths as a result of the COVID-19 crisis, the US administration is adding new sanctions on a country that was already struggling to buy essential medicines.
No hiatus in Iran’s oil output amid pandemic: Minister
The outbreak of the coronavirus did not halt Iran’s oil production for even one day, Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday.
UNHCR bolsters payments to vulnerable refugees in Iran amid pandemic
The UN High Commissioner for Refugees (UNHCR) has increased its payments to thousands of vulnerable refugees currently based in Iran who have faced economic difficulties amid the ongoing coronavirus pandemic, agency representative Babar Baloch said at a press briefing in the Swiss city of Geneva on Tuesday.
COVID-19 pandemic has led to more ocean plastic pollution
The coronavirus has worsened the amount of plastic polluting the world's oceans.
COVID-19 prompts 'enormous rise' in demand for cheap child labor in India
Over 70 children were crammed into a bus, heading from Bihar to a sweatshop in the Indian city of Rajasthan, when the authorities pulled it over. Among the faces half hidden behind colorful masks was 12-year-old Deepak Kumar.
With pandemic dominating US election, older voters turning away from Trump
Many older Americans have turned away from US President Donald Trump this year as the coronavirus ravages the country, eroding an important Republican support base that helped propel him into the White House in 2016, Reuters/Ipsos polling data shows.
IMF approves aid for world's 28 poorest countries
The International Monetary Fund approved new emergency aid for 28 of the world's poorest countries to help them alleviate their debt and better cope with the impact of the coronavirus pandemic.
Oil exploration up in the air as prices dive
The coronavirus pandemic that has slammed oil demand and prices is forcing energy majors to tighten their belts on exploration, even if finding new deposits remain essential to their existence.

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