ECONOMY

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

New York Governor Andrew Cuomo said that a first stage of a reopening would start on May 15 if hospitalisations decrease.

Employment in Europe plummeted for the second month running.

The effects of the current crisis might be much bigger than expected.

The OBR warned that the impact of the pandemic could initially be a bigger shock to the UK economy than the 2008 financial crisis and even the world wars.

The pandemic has now claimed more than 94,000 lives around the world.

Portia Alexis is a 'humanist', and according to her we all are. The pursuit of her history is key to Portia Antonia Alexis' passion for her research area: income inequality, social welfare and social mobility.

The talks came after criticism that the G20 has been slow to address the COVID-19 pandemic, which has left more than 37,500 dead worldwide.

The deadly pathogen has claimed almost 40,000 lives worldwide.

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

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

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

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

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.

COVID-19 first emerged in China late last year, but Europe is now the biggest flashpoint and the death toll on the continent surged at the weekend.

Finance minister Rishi Sunak will present the budget in parliament around 1230 GMT.

Fears about the impact of the outbreak have hammered world markets as investors fret over its economic impact.

The virus has shuttered factories, disrupted travel, infected nearly 95,000 people worldwide and killed more than 3,200, mainly in China.

White House economic advisor Larry Kudlow said he sees no downturn looming for the US economy.

The trade picture is "somewhat better" heading into 2020.

Global growth was poised for a modest rebound to 3.3 percent this year, up from 2.9 percent last year.

The Trump administration released the Economic Report of the President on Thursday, which claims a vast improvement over the previous administration.

Tech stocks and airlines were among key losers.

The latest outbreak is expected to deal a massive blow to China's already-fragile economy.

The holiday has been extended by three days, meaning the country may slowly get back to business only from Monday.

Global equities have taken a severe hit by fears the new outbreak, which has killed nine and sickened hundreds, could cause as much economic damage as the SARS epidemic.

Airlines were among the worst hit stocks. Cathay plunged more than four percent and Air China tumbled nearly six percent.

There was little major reaction after the House of Representatives voted to impeach Donald Trump.

The pound slipped meanwhile on talk that a Bank of England rate cut could be in the pipeline