IMF chief officially announced “we have entered a recession”

By Helene Fung International Monetary Fund (IMF) chief Kristalina Georgieva said in an online press briefing on Friday (local time) that the COVID-19 pandemic has driven the global economy into a recession, and developing nations will require massive funding assistance. Ms Georgieva said, “It is clear that we have entered a recession,” one that is…

  • 0

Trump approves record stimulus package and forces General Motors to make ventilators faster

By Helene Fung US President Donald Trump has signed off on its largest economic stimulus package ever, totalling US$2 trillion (A$3.3 trillion), soon after both houses passed the bill. The package includes assistance for affected industries, payments for families, small business loans, unemployment aid as well as investment into the health system. Passing the package…

  • 0

North Korea launches two missiles

By Helene Fung South Korean military told South Korean news agency Yonhap that North Korea fired two short range ballistic missiles on Saturday towards the Sea of Japan from North Pyongan province. Earlier this month, North Korea carried out similar launches twice – while North Korea said they conducted “long range artillery” drills, Japan said…

  • 0

Four men executed in India over Delhi bus gang rape and murder

By Helene Fung At 5:30am on Friday (local time), India executed four men by hanging, for the gang rape and murder of a woman on a Delhi bus back in December 2012, which sparked nationwide protests and world-wide outrage. This was India’s first execution since 2015. The brutal attack on 23-year-old Jyoti Singh, who was…

  • 0