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ECONOMY

ECONOMY

US unemployment claims reach 26m as coronavirus causes huge job losses

Digital Desk -
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...
ECONOMY

Infected countries discuss how to open their economies

Digital Desk -
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...
ECONOMY

Grocery workers get recognition for vital work and risks they face during crisis

Digital Desk -
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...
ECONOMY

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

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

IMF head says global economy is in recession

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

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

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

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

Digital Desk -
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...
BUSINESS

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

Digital Desk -
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...
BUSINESS

UK economy stagnates in British election months

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

Bank of England delivers Brexit-eve growth downgrades, but holds rates on signs of pick-up

Digital Desk -
The Bank of England has delivered a blow on the eve of Brexit by slashing its growth forecasts for the next three years, but...
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