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

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

AstraZeneca agrees to make Covid-19 vaccine for Europe

Digital Desk -
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,...
ECONOMY

Lufthansa warns 22,000 jobs at risk despite bailout

Digital Desk -
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...
ECONOMY

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

Digital Desk -
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...
ECONOMY

Businesses in UK told to start paying furlough bill from August

Digital Desk -
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...
ECONOMY

Plans unveiled to manage London’s recovery from coronavirus impact

Digital Desk -
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...
ECONOMY

UK unemployment claims surge after coronavirus hits labour market

Digital Desk -
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...
ECONOMY

New three trillion dollar US relief bill passes first stage

Digital Desk -
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...
ECONOMY

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

Digital Desk -
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...
ECONOMY

Jerome Powell calls for united response and warns of prolonged recession

Digital Desk -
Federal Reserve chairman Jerome Powell warned of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White...
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