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The material damage from the natural disasters that took place in the world over the past 20 years, which claimed the lives of 1,300,000 people, amounted to over 2 trillion 900 billion dollars, the report of the United Nations Office for Disaster Risk Reduction. Natural disasters have increased the financial losses of world markets by 251%. Over 20 years, 77 thousand 255 major natural disasters have occurred in the world, 77% of which are related to floods, storms and earthquakes. Natural disasters caused the greatest damage to the United States, which as a result lost 944 billion 800 million dollars. The loss of Japan amounted to 376 billion 300 million dollars, India - 79.5 billion dollars.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
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