Crushed By COVID, Small Spanish Firms Struggle To Survive
So far, 40,000 bars, restaurants and hotels have permanently closed. Read more
Virus Wreaks Economic Havoc As Global Cases Top 17 Million
COVID-19 is forcing governments into a persistent balancing act between saving lives and preventing economic devastation... Read more
Asia Markets Hit As US Jobless Claims Jump, Stimulus Talks Stall
Economists suggested the weak data could spur US lawmakers to push on with fresh stimulus measures as their previous pac... Read more
Australia Extends Stimulus Spending As 'COVID Recession' Looms
Between February and May, two million Australians had already lost their jobs or saw hours significantly cut. Read more
Markets Advance On Hopes For Vaccine, Focus On EU Summit
The studies provided a much-needed shot in the arm for investors, who have been put on edge in recent weeks by worrying ... Read more
Angry EU Leaders Battle To Save Deadlocked Virus Recovery Summit
The marathon talks chaired by EU Council President Charles Michel failed to yield agreement over the size, rules for a 7... Read more
Luxembourg PM Urges EU Solidarity At Budget Summit
EU officials have drawn up a stimulus plan that would see 500 billion euros handed out as grants and subsidies and a fur... Read more
Equities Sink After Wall St Drop As New Virus Cases Spike
Concerns about the impact on demand from the reimposition of some containment measures weighed on oil markets. Read more
Under Pressure Boris Johnson Launches UK Public Spending Drive
Johnson's new package is intended to meet the unprecedented challenge the pandemic has posed to the economy, and restore... Read more
Stock Markets Mostly Down As New Virus Cases Temper Reopening
Oil prices dipped after a healthy advance on Friday. Read more
EU Leaders Launch Talks On Huge Virus Recovery Plan
Europe faces its biggest recession in the bloc's 63-year history, and states are under pressure to look beyond their own... Read more
Latin America Passes 70,000 Deaths As Virus Slashes Global Economy
Elsewhere around the globe, clusters of infection were growing as governments relaxed restrictions. Read more
BoE's Andrew Bailey: UK Risks 'longer And Harder Recovery'
Britain's economy shrank in the first quarter at the fastest pace since the global financial crisis as the country went ... Read more
Japan Central Bank In $279 Bn Loan Boost For Small Firms
Japan was struggling from the effects of natural disasters and a hike in consumption tax even before the pandemic crippl... Read more
Virus Could Cut Up To 9.7 Percent Off Global Economy: ADB
Many airlines have either retrenched staff or told their employees to take unpaid leave. Read more