The world economy is set to go into recession amid predicted loss of trillions of dollars of global income due to economic slowdown caused by coronavirus outbreak; India and China may become an exception who would survive the situation, said a UN Trade Report.

The Salisbury-based grocery chain Food Lion on Friday announced that it will installing plexiglass safety guards at the cash registers to ensure social distancing remains to keep store employees and customers safe from the spread of COVID-19 coronavirus.

The G20 group on nations have come together to fight against the Covid-19 outbreak and its impact on the global economy. They have pledged to inject $5 trillion into the global economy to counter the crisis. The meeting was held with the help of video conference of G20 of leaders where Prime Minister Narendra Modi spoke of the alarming social and economic costs of the pandemic and called for a concrete action plan including reforming the World Health Organisation (WHO), sources said.

A Maryland based company left its employees overwhelmed with an announcement of 10 million pounds as the Christmas bonus, said a media report.

Pakistan Prime Minister Imran Khan on Saturday said that he holds no grudges against the former Prime Minister of Pakistan and his health is more important than the politics in the nation.

The ruling party Bharatiya Janata Party on Monday hailed the Centre's decision to not join China-backed mega Regional Comprehensive Economic Partnership (RCEP) deal, calling it a sign of Prime Minister Narendra Modi's "strong leadership" and "unflinching resolve".

"I am eager to provide a picture of some positive changes happening in India today, with full confidence I can say that this is the best time to be in India," said PM Narendra Modi while speaking at an event in Bangkok.

Union Finance Minister Nirmala Sitharaman on Sunday claimed that the trade negotiations between India and the United States are on full swing and expressed hope that it will conclude soon.

The Punjab government on Wednesday made shocking announcement that drones have reportedly been dropping weapons across the Punjab border. The mega-exercise conducted in July was aimed at tightening vigil along the porous border. The force was directed to strengthen their watchtower and man sentry posts more efficiently, besides organising multiple patrolling.

Former Prime Minister of India Manmohan Singh spoke in connection with the INX Media case and claimed that all decisions made in connection with the FIPB approval for INX Media were collective and recorded in files.

Gold prices on Monday touched an all-time high of Rs 35,970 per 10 gram in Delhi after gaining Rs 100 due to continued buying from jewellers, according to the All India Sarafa Association.

Swiss bank is all set to share the first set of banking information between India and Switzerland before the September 30 deadline. This follows the Automatic Exchange of Information (AEOI) agreement signed between the two countries, and which came into force January 2018.

The incident has been reported on Saturday after an Australian Regional Manager filed a complaint of stealing against the pilot.

Google, these days is not limited to technological services only. Its payment app, Google Pay is penetrating deep into the Indian market. The US-based company has now introduced an option to buy gold on Google Pay platform. Besides, it is also planning to launch other wealth management products, including mutual funds, a source close to the development reports.

The Modi-ruling government is looking forward to getting investment support from Saudi Arabia in terms of building emergency crude reserves that will act as a buffer against volatility in oil prices and supply disruptions for the third-largest oil consumer.

The India government may face tough time in terms of trading as the US President Donald Trump intends to end India's GSP programme that allows USD 5.6 billion worth of the country's export to enter the United States duty free. To inform, the decision has been taken after India unveiled new rules on e-commerce that restrict the way Amazon and Walmart backed Flipkart do business.

The US President Donald Trump on Saturday said that India is a "very high tariff nation" and he desires to put a "reciprocal tax" to cut out taxes India imposes on the products imported from America.

After a meeting with India's Prime Minister Narendra Modi, the Saudi Arabian Crown Prince Mohammad bin Salman has mentioned that his country sees an opportunity to invest as much as $100 billion in various sectors in India in the coming years.