Asia’s second biggest economy reported a 3.4% drop in GDP in the first three months, despite agovernment rescue package worth nearly $1 trillion to cushion the blow of the coronavirus outbreak.
Tipped to be the first female prime minister of Japan, Yuriko Koike has been re-elected for a second term as governor of Tokyo. The former defense minister has been praised for the capital's response to the pandemic.
Ankara is looking to harness its carefully-crafted relationship with Tripoli to shore up its own economy. Turkish firms' decades-long experience in war-torn Libya could boost their chances as the nation rebuilds itself.
In March, economic advisers to the German government expected coronavirus-caused lockdowns to last for only 5 weeks. On Tuesday, they had to drastically revise down their former growth forecast for the current year.
The economic fallout from the coronavirus pandemic could push tens of millions of people into deeper poverty — and hunger. Across parts of Africa and Asia, starvation could be deadlier than the disease itself.
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