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UK moving sharply into recession, says Bank of England governor

Digital Desk -
Britain is very sharply moving into recession due to the coronavirus crisis, Bank of England governor Andrew Bailey has said. Mr Bailey’s comments echoed those...
ECONOMY

Coronavirus sees UK economy plunge 2% in first quarter after record March fall

Digital Desk -
The UK economy shrank by 2% in the first quarter of 2020 as the coronavirus crisis saw activity contract at a record pace in...
ECONOMY

Property viewings included as reasonable excuse for leaving the house in England

Digital Desk -
Property viewings and visits to estate agents may be seen as a reasonable excuse for leaving the house, under regulations coming into force in...
ECONOMY

China suspends penalties on more US goods in trade truce

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

US unemployment rate soars to 14.7%

Digital Desk -
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...
ECONOMY

More than 33 million apply for US unemployment benefits

Digital Desk -
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...
BUSINESS

EU forecasts recession of ‘historic proportions’

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

Trump predicts ‘spectacular’ rebound as economy plunges

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

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

Digital Desk -
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...
ECONOMY

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

Digital Desk -
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...
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