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Economy

ECONOMY

Jerome Powell calls for united response and warns of prolonged recession

Digital Desk -
Federal Reserve chairman Jerome Powell warned of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White...
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...
DON'T MISS

Covid-19: UK death toll passes 40,000 as further economic measures considered

Digital Desk -
UK Chancellor Rishi Sunak is expected to announce an extension to the furlough scheme for workers as the UK death toll linked to Covid-19...
US NEWS

Coronavirus: White House hopes for quick economic rebound

Digital Desk -
Trump administration officials spoke optimistically about a relatively quick rebound from the coronavirus on Sunday. It came as life within the White House reflected the...
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...
CULTURE

Under 30 Financial Collapse? ReadThis

Digital Desk -
By Deborah Thomas Are you under 30, lost your job, no savings, or moving back to mom and pops? Or you never left home, can’t...
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...
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...
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