United News of Bangladesh

Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude.

As the number of COVID-19 confirmed cases worldwide has reached over 100,000, the world's major economies including the United States, Europe and South Korea have felt the resulting impact on their markets.

Lebanon appears to be heading toward its first-ever default on paying back Eurobonds as the country struggles with its worst economic and financial crisis in decades, a top Lebanese official said Saturday.

The focal point of the coronavirus emergency in Europe, Italy, is also the region's weakest economy and is taking an almighty hit as foreigners stop visiting its cultural treasures or buying its prized artisanal products, from fashion to food to design.

With an increasing number of coronavirus cases confirmed in Germany, the epidemic is starting to take its toll on the German economy.

Hiring jumped in February as employers added 273,000 jobs, evidence that the economy was in strong shape before the coronavirus began to sweep through the United States.

Factory orders in Germany rebounded strongly in January after two months of declines, official data showed Friday, but it remains to be seen what impact mounting concerns over the coronavirus outbreak will have on Europe's biggest economy.

India's finance minister assured panicky depositors Friday that their money is safe after the central bank took control of cash-strapped private Yes Bank while working on a rescue plan.

The OPEC oil cartel is trying to convince Russia and other non-member producers to join in deep production cuts to prevent weak oil prices from falling even further as the virus outbreak disrupts the global economy.

Rolls-Royce has further expanded its services network in boosting the Chinese market with a new maintenance services agreement singed in the helicopter engine sector, according to Rolls-Royce China Thursday.