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Economy

ECONOMY

Bank of England to hold rates as UK economy rebounds

Digital Desk -
The Bank of England is expected to leave interest rates on hold at the historic low of 0.1 per cent on Thursday as the...
BUSINESS

US economy shrank at record-breaking 33% rate during second quarter

Digital Desk -
The US economy shrank at a dizzying 32.9 per cent annual rate in the second quarter – by far the worst quarterly plunge ever. The...
WORLD NEWS

Up to 9,000 jobs to be slashed from Emirates due to coronavirus

Digital Desk -
The scale of Covid-19’s impact on Emirates has been revealed for the first time with the carrier’s president saying they will “probably” have to...
ECONOMY

Britain heads for sharpest economic slump of major economies in Covid-19 storm

Digital Desk -
Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year, rating agency Moody’s has warned, and ramp up national debt...
US NEWS

Task force makes policy recommendations for Joe Biden’s presidential bid

Digital Desk -
Political task forces Joe Biden formed with one-time rival Bernie Sanders to solidify support among the Democratic Party’s progressive wing recommended that the former...
ECONOMY

EU forecasts deeper economic hit from coronavirus pandemic

Digital Desk -
The European Union’s executive arm has forecast that the bloc’s economy will contract more than previously expected because of the coronavirus pandemic. The 27-nation EU...
BUSINESS

UK demand for new cars down almost 35% in June

Digital Desk -
Demand for new cars fell by 34.9% last month, an automotive industry body said. Only 145,377 new cars were registered in June compared with 223,421...
WORLD NEWS

Japan’s economy takes delicate steps to reopening while balancing health risks

Digital Desk -
Japan’s economy is reopening cautiously with social-distancing restrictions amid the coronavirus pandemic. The delicate “new normal” balancing act playing out around the world is precarious...
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...
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