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BUSINESS

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...

Honda to resume car manufacturing in UK next month

Car giant Honda is to restart UK production next month in the latest move by motor manufacturers to resume work. The company announced it had...

Jerome Powell calls for united response and warns of prolonged recession

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

UK moving sharply into recession, says Bank of England governor

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...

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

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

Losses soar as demand dries up for Aston Martin’s cars

The number of vehicles sold by Aston Martin almost halved in the first three months of the year, as the luxury carmaker was hit...

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

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

British Airways boss Willie Walsh urged to put redundancy plans ‘back in the hold’

British Airways must put its plans to make staff redundant “back in the hold”, the chairman of the Transport Select Committee has said. Conservative Huw...

China suspends penalties on more US goods in trade truce

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

Betting firms told to tighten measures to protect problem gamblers

The gambling watchdog has told betting firms to tighten their measures to protect problem gamblers amid a surge in online gaming during the coronavirus...

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