India’s GDP likely to grow between -0.9% to 1.5% in FY21: CII

New Delhi: India’s economic growth is likely to hover between zero and 1.5 per cent in the current financial year as the extended Covid-19 lockdown slows down activity across most sectors, the Confederation of Indian Industry (CII) said on Thursday. “Given the extent of damage to the economy from disruption to business, the GDP growth […]

COVID-19 impact: Preserving demand and jobs key to UAE’s economic recovery

Dubai: The UAE’s economy like all other global economies will be impacted by the COVI-19 outbreak and the faster recovery of growth will depend on preserving demand and jobs, according to a Standard Chartered report. “Looking beyond current disruptions, preserving underlying demand is key. The medium-term viability of private businesses in a range of sectors […]

Lebanon’s currency crashes amid financial turmoil

Beirut: Lebanon’s currency continued its downward spiral against the dollar on Thursday, reaching a new low amid financial turmoil in the crisis-hit country compounded by the coronavirus outbreak. The currency crash came as hundreds of Lebanese – most of them wearing face masks but few keeping a safe distance – crowded outside money transfer offices Thursday, […]

Businesses need to be seen and heard even now

For weeks now, we have been dealing with the coronavirus outbreak that has led to business disruption, the effects of which are showing up on companies and economies. In the midst of this crisis, companies are working on strategies how to overcome disruptions to operation and minimise the impact while reconnecting with their key audience. […]