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
WTO Chief To Step Down Early As Global Economic Crisis Rages
The Brazilian diplomat, who became the WTO chief in 2013, suggested that an early change of leadership would help it fac... Read more
Nearly 600,000 Australians Lose Jobs As Virus Lockdown Bites
The Treasury has forecast the unemployment rate will reach 10 percent in the June quarter. Read more
Virus-slammed UK Economy Slumps At Fastest Pace Since 2008
The nation's second-quarter contraction is meanwhile expected to be far steeper than the first. Read more
Virus Lockdowns Scale Back May Day Rallies
This year the date carries extra significance after the COVID-19 outbreak sent the global economy into a historic tailsp... Read more
Hopes Rise In Virus Battle As US Scientists Hail Drug Trial
A clinical trial of the drug remdesivir showed that patients recovered about 30 percent faster than those on a placebo. Read more