India on Monday overtook Russia to record the world's third-highest number of COVID-19 cases, while US coronavirus deaths crossed 130,000.
Sunak will also announce a temporary VAT cut for hospitality firms to protect 2.4 million jobs in the sector, which began to reopen on July 4, the publication said.
Most markets had gained ground last week as a raft of economic data from June beat expectations, though the resurgence of coronavirus cases in the US is clouding the future.
Emphasising that at this juncture FDI is the need of the hour, the senior minister said such funds would benefit the country as there is a need for pumping in liquidity into the market.
While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since.
If somehow you missed the coronavirus slamming the global economy like a wrecking ball, current market levels certainly do not reveal the wild swings that unprecedented events unleashed.
They also warned that banks will start reporting higher non-performing assets (NPAs) after September, once the six-month moratorium on loan repayment ends.
The decline followed a 13.9% drop in April, which was the biggest fall since March 1998, and was worse than a 11.6% fall forecast by economists in a Reuters poll.
Earnings for Chinese factories were hit by the sharpest factory-gate price drop in more than four years recorded in May, while exports slipped again, erasing a transient gain in April.
The pandemic caused a sudden stop in activity and to prevent a collapse, policymakers, helped by banks, have provided extraordinary financial support to firms and households.
The IMF said while banks entered the crisis with higher liquidity and capital buffers, insolvencies will test the resilience of the sector.
Migration to the suburbs from city centers as more people accustomed to working from home and who can seek space and gardens might ease some housing shortage in major urban areas.
Franklin Templeton on April 23 closed six debt schemes citing the redemption pressure and lack of liquidity in the bond market.
A similar type of experience of decline in inequality was witnessed in Germany after the collapse of the Berlin war (1989), it said.
The pandemic is accelerating globally with the World Health Organization (WHO) reporting a record increase in global coronavirus cases on Sunday.
Several dozen graduates, postgraduates, diploma holders and even some techies who have lost their jobs in Bengaluru have gone back to their native places to earn a livelihood under MGNREGA.
The pandemic has aided Scholz's ambitions to become the SPD's chancellor candidate by dissolving some of the most contested issues within the party.
The government's focus has been to provide better opportunities and welfare measures to prospective migrants, Jaishankar said.
Due to the nationwide lockdown imposed since March 25, the ministry had released truncated WPI inflation data for April, with figures of food, primary articles and fuel and power.
An OPEC-led monitoring panel will meet on Thursday to discuss ongoing record production cuts to see whether countries have delivered their share of the reductions.