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Tuesday, October 19, 2021
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Recession

UK nosedives into largest recession on record

Britain has officially entered into the largest recession on record after figures showed the pandemic sent the economy plunging by 20.4 per cent between...

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

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...

UK demand for new cars down almost 35% in June

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...

Japan enters recession as world leaders mull options on ending lockdown

Japan’s economy plunged into recession in the first quarter as the coronavirus pandemic suppressed business activity, while leaders in the US and Europe are...

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...

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...

EU forecasts recession of ‘historic proportions’

The European Union has predicted a recession of “historic proportions” this year due to the impact of coronavirus, with a drop in output of...

The Nightcap: Look at the bright side…

Happy Easter weekend to our readers! Even though we would love to be outside during this time of the year, we want to show...

US unemployment claims hit record 6.6 million

A record 6.6 million Americans applied for unemployment benefits last week as job losses rose sharply due to the coronavirus pandemic. A report on Thursday...

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