In this ASEAN exclusive, Francesco Alberti speaks to Vincenzo Amendola, Italian Minister for European Affairs to better understand the European Union’s response to the deadly coronavirus pandemic that is sweeping Europe and the rest of the world.The European Union (EU) is facing a pivotal moment in its history.
Singapore's economy suffered its biggest contraction since the financial crisis during the first quarter as the coronavirus pandemic escalated, data showed Thursday, an ominous sign of the devastation being inflicted on the global economy.The finance minister meanwhile announced SGD48 billion (US$33 billion) in fresh stimulus, taking to about SGD55 billion the amount so far pledged by the government to help the export-reliant financial hub weather the downturn.One of the world's mos
Rising United States (US) interest rates, tanking emerging market currencies and a bitter US-China trade spat could push the world towards its next financial crisis but there is still time to avert disaster, global finance chiefs have said.The world economy is still growing but faces an "unprecedented" combination of threats, the International Monetary Fund (IMF) cautioned at an annual meeting with the World Bank in Bali this week.Among them is growing protectionism championed by th
