Economy

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Bars in California

Equities sink after Wall St drop as new virus cases spike

By AFP News

Concerns about the impact on demand from the reimposition of some containment measures weighed on oil markets.

Britain's Prime Minister Boris Johnson

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...

By David Harding

Google

Trump to extend US work visa freeze to year-end: White House

Layoffs caused by the coronavirus pandemic in the US passed 45.7 million last week.

By AFP News

France reopening

Stock markets mostly down as new virus cases temper reopening

Oil prices dipped after a healthy advance on Friday.

By AFP News

EU grapples with problems following coronavirus

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...

By Alex Pigman

Russia

Latin America passes 70,000 deaths as virus slashes global economy

Elsewhere around the globe, clusters of infection were growing as governments relaxed restrictions.

By IBT Staff Reporter

Thermal Scanner

Asian markets rally stutters, focus turns to Fed meeting

The lingering optimism provided support to higher-yielding, riskier currencies.

By AFP News

China's Economy

Pandemic drives broadest economic collapse in 150 years: World Bank

Though dramatic, the current forecast falls short of the Great Depression.

By Heather Scott

Colosseum

Equities extend gains on hopes virus crisis is easing

Europe pressed ahead with a further loosening of measures, with schools, pools, pubs and tourist sites reopening.

By AFP News

Andrew Bailey: UK risks 'longer and harder recovery'

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...

By AFP News

Tokyo

Equities rally as reopenings trump geopolitical tensions

Adding to the broadly positive outlook is optimism about progress on a vaccine.

By AFP News

Business dries up for small firms

Japan central bank in $279 bn loan boost for small firms

By AFP News

Japan was struggling from the effects of natural disasters and a hike in consumption tax even before the pandemic...

Global Economy

Virus could cut up to 9.7 percent off global economy: ADB

By AFP News

Many airlines have either retrenched staff or told their employees to take unpaid leave.

WTO Director General Roberto Azevedo

WTO chief to step down early as global economic crisis rages

By Nina Larson

The Brazilian diplomat, who became the WTO chief in 2013, suggested that an early change of leadership would help it...

Sydney Harbour bridge

Nearly 600,000 Australians lose jobs as virus lockdown bites

By AFP News

The Treasury has forecast the unemployment rate will reach 10 percent in the June quarter.

Britain's economy shrank two percent

Virus-slammed UK economy slumps at fastest pace since 2008

By Roland Jackson

The nation's second-quarter contraction is meanwhile expected to be far steeper than the first.

Britain's economy shrank

UK economy shrinks on coronavirus

By Roland Jackson

Britain has seen more than 32,000 deaths in the outbreak.

May Day Rally

Virus lockdowns scale back May Day rallies

By IBT Staff Reporter

This year the date carries extra significance after the COVID-19 outbreak sent the global economy into a historic...

Moscow

Hopes rise in virus battle as US scientists hail drug trial

By Shaun Tandon with AFP bureaus

A clinical trial of the drug remdesivir showed that patients recovered about 30 percent faster than those on a placebo.

IBT Video

Larry Kudlow

US consumers are paying for Trump's China tariffs, White House adviser Kudlow confirms

BLOGS AND FEATURES

UBTPOTY2018 Pictures of the week

Prince Charles happy on 'dearly missed' hotels, pubs reopening Saturday

Now

By Barnali Pal Sinha

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