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Friday, July 3, 2020
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CATEGORY

ECONOMY

Coronavirus sees UK economy suffer largest fall since 1979 in first quarter

The UK economy contracted by more than first thought between January and March as the coronavirus crisis saw activity tumble 2.2% in the joint...

Coronavirus: Local lockdowns in UK would be the ‘final straw’ for businesses

A Leicester shop owner has said businesses urgently need financial help if they are to avoid collapse due to the renewed lockdown placed on...

AstraZeneca agrees to make Covid-19 vaccine for Europe

Pharmaceutical giant AstraZeneca has struck a deal with Europe’s Inclusive Vaccines Alliance to supply up to 400 million doses of an experimental Covid-19 vaccine,...

Lufthansa warns 22,000 jobs at risk despite bailout

German airline Lufthansa has said 22,000 full-time jobs may need to be cut worldwide due to the drop in demand for flights caused by...

Jobs boost for US as lockdown easing sees millions back at work

The US unemployment rate fell unexpectedly in May to 13.3%, still on a par with what the nation witnessed during the Great Depression, as...

Businesses in UK told to start paying furlough bill from August

A final self-employment coronavirus grant is to be made available and businesses must start paying towards the worker furlough scheme from August, the British...

Plans unveiled to manage London’s recovery from coronavirus impact

Plans to manage London’s recovery from the economic and social impact of the coronavirus pandemic have been unveiled. A new strategy has been set out...

UK unemployment claims surge after coronavirus hits labour market

UK unemployment claims soared by more than 69% in April after the coronavirus lockdown gripped the labour market, official figures revealed. Britain's Office of National...

New three trillion dollar US relief bill passes first stage

Democrats pushed a massive three trillion dollar (£2.48 trillion) coronavirus relief bill through the US House of Representatives on Friday, an election-year measure designed...

Germany’s economy goes into recession as lockdown measures inflict pain

The German economy shrank by 2.2% in the first quarter compared with the previous three-month period as shutdowns in the country and beyond started...

Latest news

Angela Merkel wears mask at appearance before German politicians

German Chancellor Angela Merkel has started making official appearances wearing a mask. She had been criticised for never having been pictured wearing one despite it...

Prince Andrew subjecting Epstein victims to torture test – US lawyer

Prince Andrew is subjecting victims of Jeffrey Epstein to a “torture test” by not telling prosecutors what he knows, a US lawyer has said. Gloria...

Botswana investigating deaths of hundreds of elephants

Botswana says it is investigating a staggeringly high number of elephant carcasses found in the popular Okavango Delta area of the southern African nation...

UK grants asylum to former Hong Kong consulate worker

An ex-employee at the British consulate in Hong Kong has been granted political asylum in what he believes is the first successful case of...

French prime minister Edouard Philippe resigns

French prime minister Edouard Philippe has resigned, with a government reshuffle expected in the coming days. The official statement did not say whether whether Mr...
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