Solutions to shadow banking risks are well-documented: tightening regulations, extending central banks' cover as lender-of-last-resort, mandating deposit insurance to prevent overnight collapse, controlling trade in highly complex, opaque and high-risk derivatives and changing short-term-funding-long-term-lending business model

Another 14.3 million people are expected to be pushed into poverty, raising the total number to 115 million a quarter of the total Arab population, it said

The report said that there was a 14 per cent drop in global working hours during the second quarter of 2020, equivalent to the loss of 400 million full-time jobs

The 2011 round of World Bank's International Comparison Program (ICP) had ranked India ahead of Japan and after the US and China

Algerian Oil Minister Mohamed Arkab, the current OPEC president, warned meeting attendees that the global oil inventory would soar to 1.5 billion barrels by the mid-point of this year

The economies of all the Arab Gulf oil exporters are expected to contract this year, as much as 5% in Iraq, according to the International Monetary Fund

\"What this deal does is enable the global oil industry and the national economies and other industries that depend upon it to avoid a very deep crisis,\" said IHS Markit Vice Chairman Daniel Yergin

\"In India, Nigeria and Brazil, the number of workers in the informal economy affected by the lockdown and other containment measures is substantial,\" ILO said

Almost 90 per cent of people in India work in the informal economy and about 400 million workers in the informal economy are at risk of falling deeper into poverty during the crisis

Countries around the world have allocated $12.3 trillion so far to fight the COVID-19 epidemic

Qatar's Minister of State for Energy Affairs Saad al-Kaabi has announced the country's decision to quit the OPEC. More than the decision, it is the timing of the announcement that raised eyebrows.

In his first visit abroad, the US President, Donald Trump said India, Russia, China and Australia have been victims of terrorism.

Government's across the globe offer residency rights or citizenship for a sizeable investment in their economies.

The current stock market volatility has changed nothing for those who believe in the maxim that the bulls prevail over the bears in the long run.

Raj Bhatt, Vice-chairman and CEO, Elara Capital Plc, tells Rahul Oberoi what investors can expect post the Union Budget and which sectors are looking good.

The OPEC do not interfere in crude oil prices and its member's commitment to production quotas is a good practice, Energy Minister of UAE Mohammed bin Dha'en Al-Hamili says.

Industrial production may be up smartly, but with some crucial sectors still languishing, a full-fledged recovery may be some time away.