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Sunday, July 5, 2020
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CATEGORY

ECONOMY

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...

Virus deaths and unemployment accelerate across Europe and US as cases pass 1m

Coronavirus deaths have mounted with alarming speed in Spain, Italy and New York, the most lethal hotspot in the United States, as figures show...

IMF head says global economy is in recession

The head of the International Monetary Fund (IMF) has said the global economy has entered a recession that could be worse than the 2009...

Bank of England governor vows on first day to take prompt action on Covid-19

The new governor of the Bank of England has started his first day in the job vowing to take “prompt action again” to deal...

UK best placed to cope with economic impact of coronavirus – British Chancellor

Britain's Chancellor Rishi Sunak and the Bank of England have moved to bolster the UK economy against the impact of coronavirus, with measures promised...

Economists in Britain hail ‘robust’ jobs market despite stalling economy

Economists have hailed a “remarkably robust” set of UK labour figures despite the economy stalling at the end of last year. New figures from the...

UK economy stagnates in British election months

The UK economy flatlined in the last three months of the financial year in line with expectations, as the country went to the polls,...

Latest news

Mason Greenwood impresses again as Manchester United brush aside Bournemouth

Teenager Mason Greenwood’s brace helped Ole Gunnar Solskjaer’s swashbuckling side romp to victory against Bournemouth as Manchester United grabbed their first five-goal league haul...

Donald Trump decries cancel culture at Mount Rushmore event

US President Donald Trump took aim at so-called “cancel culture” during a impassioned speech at Mount Rushmore. His comments at the South Dakota landmark came...

UK government list of quarantine-free travel countries criticised

The UK Government’s list of countries and territories which English tourists can visit without self-isolating on their return has been branded a “mess”. In a...

Three US officers fired for photos mocking black man’s death

Three officers have been fired over photos showing them re-enact a chokehold used on a 23-year-old black man who died after he was stopped...

London mayor condemns ‘disgraceful’ attack on police at street party

Mayor Sadiq Khan has condemned a street party in west London as “disgraceful” after seven police officers were injured. Bricks and other missiles were launched...
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