New York City Mayor Bill de Blasio slammed White House economic adviser Kevin Hassett for saying that the country might not need an additional economic relief bill.

Football Association chairman Greg Clarke has urged players to settle their pay cut disputes, calling on them to 'share the pain' of the coronavirus crisis.

Former Telstra boss David Thodey has written a report for the New South Wales Treasury exploring how taxes on home buyers and employers can be scrapped.

Dr Tim Leunig holds an unusually powerful position in Whitehall, with footholds in the departments of Education, the Environment and the Treasury.

The legendary road race is scheduled to start in Nice on June 27 but it will now either be postponed or scrapped altogether, with a decision expected later this week.

Eyes will turn East this month for the Tokyo Motor Show, where cars that will soon be on sale in Britain share space with some of the most outlandish designs on the planet.

Alarmist forecasts of more than 20m job losses in the US, and a 10 per cent plus loss of output in Britain and in America in the second quarter, look likely to be a reality.

The Institute for Fiscal Studies said households are saddled with £8,000 of non-mortgage debts, totalling £230 billion across the UK. And the coronavirus pandemic means incomes are falling.

Just days after British Airways warned of 12,000 job cuts, business only expect to recover slowly as workers and consumers stay home and social distancing measures are put in place.

Does it really make sense for pensioners who, directly or indirectly, rely on their income from dividends to have those incomes further cut by Bank of England diktat?

What does the terrible economic data tell us about what shape the recovery will have? And is it too late for too many companies?

The Chancellor unveiled a raft of upbeat data pointing to the recovery gaining momentum, with record numbers in work, borrowing falling and house prices forecast to soar by 5.2 per cent next year.

MPs have voiced deep scepticism after the Office for Budget Responsibility delivered a series of dire forecasts about the impact of Brexit.

Advisors are planning to present President Donald Trump with a menu of economic options after the Dow dropped 7 per cent Monday amid fears of the spreading coronavirus and oil market moves.

Economics and comedy. Not a conventional pairing.But after spending a weekend at the world’s first economics and comedy festival, I can tell you they’re a match made in heaven.

Business Standard Opinion pieces for the day talk about various economic aspects of the pandemic

Here's a selection of Business Standard Opinion pieces for the day

Follow up demonetisation by bringing land and real estate into the GST, suggests the survey

It has recommended reforms in labour and tax policies to make these two sectors globally competitive

Upsurge in protectionism, affecting India's exports, is a matter of concern, says Sunil Kanoria

General fiscal deficit in FY19 expected to be 5.8 per cent of GDP, compared with 6.4 per cent the previous year

While reopening economic activities, we need to keep in mind that the industry cannot be opened in isolation, the whole ecosystem along with the related supply chains needs to be revived and restarted, said Suresh Prabhu, Hon'ble Member of Parliament. We should follow the Chinese model of revival through specific geographical openings for economic activities in areas which are marked green and keeping the hotspot districts completely locked, till there is full containment in those areas, said Hon'ble Member of Parliament. This is the time India needs to take advantage of the crises and convert it into an opportunity, we set our National goal of getting Foreign Direct Investments to India and each citizen and all arms of the government must work towards this common goal with complete alignment of reforms, said Prabhu. Businesses are the most important part of the economy, as they are significant contributors to economic growth and progress, he said.

The country-wide lockdown imposed on 23rd March, while necessary, has had deep ramifications on economic activity. According to the CII CEOs Snap Poll on Impact of COVID-19 on Economy and Industry, while a majority of the firms continue to anticipate a significant decline in their topline, they now foresee a delay in economic revival and demand recovery. The survey saw the participation of more than 300 CEOs, of which nearly two-thirds belonged to MSMEs. The lockdown brought economic activity to a grinding halt and the survey findings indicate that a significant majority of the firms (65%) expect revenues to fall more than 40% in the current quarter (Apr-Jun 2020). For financial year 2020-21, the expectations of a fall in revenue are staggered, with 33% of the firms anticipating a revenue fall of more than 40%, closely followed by 32% of firms expecting a revenue contraction ranging between 20% to 40%.

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.

A shootout erupted on Saturday at a protest in western Afghanistan by residents demanding economic assistance, leading to the deaths of at least six people, including a local reporter and two police officers, officials said. Interior Ministry spokesman Tareq Arian said the protesters had gathered outside the governor's office in Feroz Koh, the capital of the western Ghor province. They were demanding relief after weeks of restrictions aimed at containing the coronavirus pandemic. He said some people at the protest opened fire at police, igniting a gun battle that killed the six people and wounded another 19, including nine police. The ministry has launched an investigation and plans to send a delegation to the province. Afghanistan was already mired in poverty before the onset of the pandemic, which has infected nearly 3,800 people in the country and killed at least 109. Many Afghans rely on day labour, which has dried up because of the closure of nonessential businesses.

The recent clash between two eminent economists of our times, Amartya Sen and Jagadish Bhagwati, appears to be centred around the Food Security Bill. Shankar Jaganathan provides a historical context to show why their contradictions extend far beyond any isolated issue to a clash between two schools of the discipline itself.

The Indian army’s evolving China strategy, leading to its preparedness for an offensive on that front, seems to have undergone a bit of dilution, as evident in North Block posturing. Is it merely a run-up to Modi’s China visit or is there more to it? Firdaus Ahmed explores.

Holding trust brought forth by equality of individuals as a critical foundation for a strong democracy, Shankar Jaganathan discusses the postulates of two recent academic publications that add to the important discourse on the issue of inequality.

TIMES VIEW Europe had to react to MH17 downing Chandan Nandy Moscow did not stop after annexing Crimea but continues to foment insurgency in Ukraine.

In its report titled Global Macro Outlook 2020-21 (April 2020 update), Moody's lowered G-20 advanced economies as a group to contract by 5.8 per cent in 2020.

According to Dun & Bradstreet's latest report, changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic comes under control.

Nationwide lockdown should only be lifted once the situation is fully under control, said State Bank of India Chairman Rajnish Kumar.

PM Narendra Modi, who held discussions with Amit Shah and Nirmala Sitharaman, on Friday held meetings with different ministries including civil aviation, labour and power.

The government has permitted industrial estates, SEZ and industrial townships with restricted entry within urban areas of 'red zones' to commence operations.

Gold prices ended higher in the previous three sessions, and have risen about 17% since mid-March, as uncertainty remained with the virus spreading and as U.S.-China trade tensions re-emerged.

Former chief minister of Karnataka and Congress leader Siddaramaiah on Friday asked the state government to demand a special economic package of at least Rs 50,000 crore from the centre to deal with the coronavirus crisis.

According to sources, India responded to the request saying that it values the contribution of Japanese companies in the country and assured that their issues will be addressed.

In a letter to Modi, Gandhi also made some suggestions for the revival of the Micro, Small and Medium Enterprises (MSME), which is reeling under the adverse impact of the coronavirus lockdown.

Echoing similar sentiments put forth by several eminent economists, the senior Congress leader appealed to the central government to shed its reservations and borrow more in 2020-21.

India has objected to the CPEC — a planned network of roads, railways and energy projects linking China's Xinjiang province with Pakistan's Gwadar Port — as it is being laid through Pakistan-occupied Kashmir (PoK).

Senator Manka Dhingra is an Indian-American attorney and the first Sikh elected to any state legislature in the United States.

Worldwide, the virus has infected at least 3.9 million people and killed more than 270,000, according to a tally by Johns Hopkins University based on data reported by governments.

For many, the recent rise in the equity market was bewildering as almost all indicators of the domestic economy had been showing signs of acute distress due to COVID-19.

Dolat Capital is bullish on Adani Ports and Special Economic Zone has recommended buy rating on the stock with a target price of Rs 360 in its research report dated May 06, 2020.

Futures on major U.S. and Hong Kong stock indexes were up following gains in a global stock index and an oil price surge of as much as 25%.

The head of the International Monetary Fund on Friday signaled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war that could weaken a recovery from the coronavirus pandemic.

Mexican President Andres Manuel Lopez Obrador said on Friday he aims to present plans next week to reopen the economy, as key sectors like carmaking look to begin business again after over a month of quarantine measures to curb the coronavirus outbreak.