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Saturday, July 4, 2020
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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...

Coronavirus: Chinese economy suffers biggest downturn since 1970s

China suffered its worst economic contraction since since at least the 1970s in the first quarter as it fought the coronavirus. Weak consumer spending and...

UK productivity drops at fastest pace for five years

Britain’s productivity has fallen at the fastest annual pace in five years in a sign that Brexit uncertainty is compounding an already weak spot...

Britain’s economic growth set to stagnate in second quarter

Britain's economic growth is expected to have stagnated in the second quarter, as the manufacturing sector boost wears off while construction declines. Economists believe that...

China’s economic growth holds steady despite slowdown fears

China's economic growth held steady in the latest quarter, boosted by trade and consumer spending, despite concerns about a possible impending slowdown. Output rose 6.9%...

EU sets new deficit sets deadlines for Spain and Portugal

The European Union has set new deadlines for Spain and Portugal to bring their budget deficits into line after both countries escaped fines for...

Word on the Street: The Global Market Crash is Inevitable

This has been rumoured to happen in 2016 from as far as even 2002. The global economic market crash has been one of the...

China’s growth must be at least 6.5%, says President Xi Jinping

President Xi Jinping has said that China needs at least 6.5% economic growth in coming years to become “moderately prosperous”. The ruling Communist Party also...

Eurozone economy grows at fastest rate in two years

Official figures show that the eurozone economy grew at its fastest rate for nearly two years during the first three months of 2015. The 0.4%...

Latest news

Five released from Turkish jail ahead of trial in Carlos Ghosn flight case

A Turkish court has released four pilots and a private airline official from jail, pending the outcome of their trial on charges of smuggling...

Donald Trump promises fireworks at Mount Rushmore in election year

President Donald Trump will begin his Independence Day weekend with a patriotic display of fireworks at Mount Rushmore before a crowd of thousands. But even...

Mediterranean countries risk becoming ‘melting pots’ for coronavirus – expert

Mediterranean destinations which people may flock to after England scraps quarantine for arrivals from low-risk countries could become “melting pots” for coronavirus, an expert...

Man who crashed lorry in Justin Trudeau’s grounds had several weapons, police say

Canadian police said an armed man who this week crashed his lorry through a gate on the grounds where prime minister Justin Trudeau lives...

Cyprus to welcome UK tourists with strings attached

Cyprus’ beleaguered tourism sector got some good news after the government announced that travellers from the UK will be allowed entry into the east...
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