Thursday, 14 January 2021_A major chunk of the recovery in companies’ earnings expected in the first quarter is at risk of being pushed back further as lockdowns and mobility restrictions in several countries cloud hopes of a swifter economic recovery, investment banks said.
American industrial production dropped a record 11.2 percent in April, the first full month of widespread business lockdowns , with massive declines across sectors, particularly in autos and oil, the Federal Reserve said Friday.
The number of confirmed coronavirus cases worldwide has now exceeded three million, while some countries are easing restrictions imposed to curb the spread of the disease caused by the new virus (COVID-19).
Tehran 26 March_Around the globe, the outbreak of the new coronavirus continues to impact the lives of people, forcing governments to take measures unprecedented in peacetime.