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Sunday, June 7, 2020
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CATEGORY

ECONOMY

China suspends penalties on more US goods in trade truce

China has suspended punitive tariffs on more US goods including radar equipment for aviation amid pressure from President Donald Trump to buy more imports...

US unemployment rate soars to 14.7%

The US unemployment rate hit 14.7% in April, the highest since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss...

More than 33 million apply for US unemployment benefits

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the coronavirus outbreak deepened the worst US...

EU forecasts recession of ‘historic proportions’

The European Union has predicted a recession of “historic proportions” this year due to the impact of coronavirus, with a drop in output of...

Trump predicts ‘spectacular’ rebound as economy plunges

Trying to dispel economic gloom, President Donald Trump said on Thursday he is anticipating a major rebound in the coming months and a “spectacular”...

Covid-19 lockdowns take their toll with record fall for Eurozone economy

The European economy shrank by a record 3.8% in the first quarter as business activity from hotels and restaurants to construction and manufacturing was...

US economy shrinks by 4.8% as businesses shut down due to coronavirus

The US economy shrank by 4.8% in the last quarter as the coronavirus pandemic shut down much of the country and began triggering a...

US unemployment claims reach 26m as coronavirus causes huge job losses

More than 4.4 million laid-off workers applied for US unemployment benefits last week as job cuts escalated due to the coronavirus pandemic. Roughly 26 million...

Infected countries discuss how to open their economies

Governors across the US are devising plans to gradually reopen their economies without prompting a strong second wave of coronavirus. In Italy, Spain and other...

Grocery workers get recognition for vital work and risks they face during crisis

Grocery workers around the world are among those on the frontline of the Covid-19 crisis and they have earned praise from the likes of...

Latest news

Opec and allied nations extend cut in oil production by a month

Opec and allied nations have agreed to extend a production cut of nearly 10 million barrels of oil a day through to the end...

Horse bolts as police and demonstators clash at Downing Street anti-racism rally

A horse bolted as protesters clashed with police at an anti-racism rally outside Downing Street. The trouble flared following peaceful Black Lives Matter demonstrations in...

Two Buffalo police officers charged with assault

Two police officers in Buffalo, New York State, have been charged with assault after a video showed a 75-year-old protester being shoved during recent...

Protesters support Black Lives Matter on three continents

Thousands of people have rallied in Europe and Australia to honour George Floyd and to voice support for what is becoming an international Black...

Coronavirus wrap: Matchday protocols emerge while Djokovic casts US Open doubts

More details have emerged of matchday protocols ahead of a proposed Premier League return, but world number one Novak Djokovic has cast further doubt...
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