Tag: crisis
Written by Gabriel HerveyFebruary 8, 2021
Is Finance Still In Crisis Mode?
Finance Article
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Written by Gabriel HerveyApril 10, 2020
World faces worst crisis since Great Depression: IMF chief
News Business Article
WASHINGTON: The global coronavirus pandemic has inflicted an economic crisis unlike any in the past century and will require a massive response to ensure recovery, IMF chief Kristalina Georgieva said on Thursday (Apr 9). The warnings about the damage inflicted by the virus already were stark, but Georgieva said the world should brace for “the worst
Written by Gabriel HerveyApril 9, 2020
COVID-19 crisis could plunge half a billion people into poverty, says charity Oxfam
News Business Article
LONDON: The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on Thursday (Apr 9). The report released by the Nairobi-based charity ahead of next week’s International Monetary Fund (IMF)/World Bank annual meeting calculated
Written by Gabriel HerveyApril 7, 2020
New task force on economic resilience to help Singapore bounce back from COVID-19 crisis
News Business Article
SINGAPORE: A new task force focusing on economic resilience will be set up to help the Singapore economy bounce back from the COVID-19 crisis, said Deputy Prime Minister Heng Swee Keat on Tuesday (Apr 7). It will be chaired by Minister for Social and Family Development Desmond Lee and Mr Tan Chong Meng, group chief
Written by Gabriel HerveyApril 7, 2020
‘What will I live on?’: Europeans seek state aid during COVID-19 crisis
News Business Article
BERLIN: Thousands of self-employed people across Europe have found themselves without work from one day to the next as governments ordered shops shut, events cancelled and gatherings banned to stem contagion of the novel coronavirus. AFP has spoken to a cross-section of society hard hit by the ensuing economic crisis – some who have received
Written by Gabriel HerveyApril 6, 2020
Ireland’s PM returns to medical practice to help in coronavirus crisis
News Business Article
DUBLIN: Ireland’s prime minister Leo Varadkar has re-registered as a medical practitioner and will work one shift a week to help out during the coronavirus crisis, a spokesman for his office said on Sunday (Apr 5). Varadkar worked as a doctor for seven years before leaving the profession to become a politician and was removed
Written by Gabriel HerveyApril 6, 2020
The Big Read: Singapore’s oft-maligned millennials face their first crisis
News Business Article
SINGAPORE: In February, final-year undergraduate Bianca Chua thought she was all set for the working world after starting her internship as a headhunter at a human resource (HR) firm. The Nanyang Technological University (NTU) business major secured the internship in December, and she had been told verbally and over email that she would be automatically converted
Written by Gabriel HerveyApril 1, 2020
Coronavirus the worst global crisis since WW II, says UN chief
News Business Article
UNITED NATIONS: The coronavirus pandemic is the worst global crisis since World War II, UN Secretary-General Antonio Guterres said on Tuesday (Mar 31), expressing concern that it could trigger conflicts around the world. Guterres said that the scale of the crisis was due to “a disease that represents a threat to everybody in the world
Written by Gabriel HerveyMarch 31, 2020
US Army Corps to build hundreds of temporary hospitals for COVID-19 crisis
News Business Article
WASHINGTON: US officials want to build hundreds of temporary hospitals across the country to cope with the thousands of new coronavirus cases being diagnosed daily after the United States endured its deadliest day yet on Monday (Mar 30) with 575 fatalities. The US Army Corps of Engineers, which converted a New York convention center into a 1,000-bed
Written by Gabriel HerveyMarch 27, 2020
COVID-19 aviation support package will help industry ride out crisis: Analysts
News Business Article
SINGAPORE: Analysts have welcomed the S$750 million of support set aside by the Government for the aviation sector, noting that it will help the industry recover more quickly from the blow dealt to it by COVID-19. On Thursday (Mar 26), Deputy Prime Minister Heng Swee Keat announced a S$48.4 billion package – up to S$17 billion
Written by Gabriel HerveyMarch 27, 2020
G20 leaders pledge US$5t in ‘united’ response to coronavirus crisis
News Business Article
RIYADH: World leaders on Thursday (Mar 26) promised US$5 trillion to stave off global economic collapse from the coronavirus pandemic that has killed 21,000 people and shut down huge swathes of the globe. From New York to Paris to New Delhi life has ground to standstill with some three billion people confined to their homes as
Written by Gabriel HerveyMarch 27, 2020
COVID-19 Resilience Budget: ‘Landmark’ S$48 billion package to tide Singapore through ‘unprecedented’ crisis
News Business Article
SINGAPORE: A public health crisis, an economic shock and a social test rolled into one – the COVID-19 outbreak has been an “unprecedented crisis of a highly complex nature”, Deputy Prime Minister Heng Swee Keat said on Thursday (Mar 26) as he announced what he called a Resilience Budget to help deal with the situation.
Written by Gabriel HerveyMarch 26, 2020
World leaders to hold crisis talks as COVID-19 toll tops 21,000
News Business Article
MADRID: World leaders are to hold online crisis talks Thursday (Mar 26) on the coronavirus pandemic that has forced three billion people into lockdown and claimed more than 21,000 lives. With the disease tearing around the globe at a terrifying pace, warnings are multiplying over its economic consequences, with experts saying it could cause more damage
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Commentary: The problem with reusing the 2009 global financial crisis playbook to deal with COVID-19
NEW HAVEN, Connecticut: In an effort to get a handle on the economic and financial consequences of the COVID-19 pandemic, the first instinct is to search for precedents and remedies in earlier crises. Many have pointed to the 2008 global financial crisis (GFC) as the most relevant example, especially in the aftermath of the extraordinary