The health of the global economy comes down to a race between money flooding out of emerging markets amid the coronavirus pandemic and the efforts of the International Monetary Fund and World Bank to pump money back in. The two Washington-based finance institutions...
The battle to stop the coronavirus pandemic, fought with social distancing and enforced isolation, is taking a psychological toll that some officials warn could prompt another crisis, a mental-health one. Billions of people from the U.S. to Italy have been ordered to stay...
As job losses ricochet across the U.S., Europe is conducting an unprecedented experiment in navigating the economic fallout from the new coronavirus: Persuade companies to forgo layoffs by subsidizing private-sector wages on a massive scale. More than one million companies across the continent...
The economic cost of intensified lockdown measures across the world came into sharper focus as the U.S. recorded another leap in the number of jobless claims and confirmed coronavirus infections in the country passed 432,000. There were 6.6 million applications for unemployment...
PARIS—France has become one of the first countries in the world to systematically report the impact of the new coronavirus in its nursing homes, raising the nation’s official death toll from the virus by more than 40%. France is pressing nursing homes across...
BEIRUT—Saudi Arabia declared a unilateral two-week cease-fire in Yemen as Riyadh tries to extricate itself from a costly and protracted war with Iran-backed Houthi fighters. The truce is set to take effect on Thursday in an effort to inject new momentum into efforts...
BERLIN—Germany has struck a deal with China to receive large-scale shipments of supplies the country needs in its battle against the new coronavirus pandemic amid a global crunch in the market for medical equipment. In a phone call last weekend, Chancellor Angela Merkel...
WUHAN, China—Tens of thousands of people, some in full protective gear, poured out of Wuhan on Wednesday, thronging the city’s airport, railway stations and highways as authorities lifted an 11-week lockdown of the coronavirus pandemic’s initial epicenter. At the drop of midnight Wednesday...
As most of the world goes into lockdown to halt the spread of coronavirus, Tanzania’s president is taking a different tack: encouraging people to go pray in churches and mosques to quell a “satanic” virus that can only be cured by divine intervention. For...
MILAN—Rapper Federico Lucia’s music is filled with scathing lyrics about Italian society. But when the novel coronavirus struck his hometown of Milan in March, he and his wife, fashion entrepreneur Chiara Ferragni, used their celebrity to solicit donations. The $5 million they...