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ECONOMY

Trump predicts ‘spectacular’ rebound as economy plunges

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

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

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...

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...

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

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...

Infected countries discuss how to open their economies

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...

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

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...

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

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

IMF head says global economy is in recession

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

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

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

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

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...

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