Business

IMF chief: 'Clear we have entered recession'

By AFP News

The IMF chief said in her press conference on Friday that this recession would be even worse than in 2009.

MORE NEWS

Trump signs $2 trillion recovery plan as US virus cases skyrocket

It triggers the distribution of millions of relief checks of up to $3,400 for an average American family of four.

By Michael Mathes

Asia markets mixed as US lawmakers debate stimulus

The unprecedented $2 trillion plan helped spur a surge across global equities as panicked traders worried about the impact of the coronavirus.

By AFP News

Massive risks to world economy as virus battle rages

The crash will almost certainly be accompanied by a surge in unemployment, especially in countries with weaker worker rights, such as the US.

By Veronique Dupont

Asia equities rally as US agrees blockbuster stimulus package

While the deadly disease continues to spread, traders have a rare semblance of optimism.

By AFP News

EU finance ministers split on coronavirus rescue plan

The COVID-19 outbreak has brought the European economy to it knees and Italy, with the backing of France and Spain, wants a massive response from EU partners.

By Alex Pigman

Asian markets sink as pandemic deaths soar

The negative mood was fuelled by the failure of US lawmakers to agree on a trillion-dollar emergency package to help the reeling American economy.

By AFP News

UK hospitality sector urges help to combat virus woes

Monday's "social distancing" announcement sparked concern about the impact on business, especially in the hospitality industry.

By Jean-Baptiste Oubrier

Virus-stricken airlines face bailout or bust

Airlines and airports are also large employers, accounting for around four million jobs worldwide.

By Andrew Beatty

Asian markets tumble again after virus sparks Wall Street collapse

There is a broad consensus that the disease, which has wiped trillions off market valuations, will cause a global recession.

By AFP News

More news

FinTech

Who's wrong on Bitcoin – The Simpsons or Warren Buffett?

By Brian Hankey

Microsoft claims more than 80,000 computers were infected by new Dexphot malware

By John Diente

Cryptocurrency scam: Instagram influencer Aziz Com Mirza held in Dubai

By Rishabh Jain

G7 says Libra should not launch until risks 'adequately addressed'

By Antonio Rodriguez

Group behind Facebook's Libra coin announces 21 founding members

By AFP News

More news

Equities plunge as central bank moves fail to ease economy fears

By AFP News

Global banks take crisis measures as virus death toll surges

By Joseph Boyle with AFP bureaus

New Bank of England chief starts under virus cloud

By Roland Jackson, Ben Perry

More News

Virus sparks wild stock market swings

By Richard Carter with Andrew Beatty in Sydney

Stocks, crude hammered as Trump's Europe ban fans recession fears

By AFP News

Britain's first post-Brexit budget Wednesday

Britain's post-Brexit budget to combat virus fallout

By AFP News

Global emergency efforts ratcheted up as pandemic deaths soar

Stocks tumble as anxious Europe starts week under lockdown

China allows some firms to resume work at virus epicentre

Asian markets mixed as virus uncertainty casts a pall