Top US banks may shun small business rescue plan

Top US banks may shun small business rescue plan

Top U.S. banks have threatened to give the federal government’s small-business rescue program a miss on concerns about taking on too much financial and legal risk, five people with direct knowledge of industry discussions told Reuters. Seeking to help millions...
Global economy may contract by almost 1%, says UN

Global economy may contract by almost 1%, says UN

The global economy could shrink by up to one per cent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast of 2.5 per cent growth, the UN has said, warning that it may contract even further if restrictions on the economic activities are...