The UK economy contracted by 2.2 percent in the first quarter.

Fresh clusters have been reported in countries that had previously brought their outbreaks under control.

Pret, which currently has 550 outlets worldwide, has decided to close 30 of its 410 UK branches and reduce staffing levels.

The three-year plan to save Australia's carrier from 'the biggest crisis' would also see half the company's 29,000 staff remain on leave for months.

Eyes are on Beijing, which has imposed new lockdowns, reclosed schools and banned flights again.

While tensions between China and the US continue to play in the background, the general mood at the start of June has been upbeat.

EasyJet had grounded its entire fleet at the end of March.

The aviation division's revenue plunged 13 percent to $6.9 billion.

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

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

It faces uncertainties caused by the grinding US-China trade war, Britain's departure from the European Union and now the deadly new coronavirus in China.

Morrison's conservative government has fiercely defended the lucrative coal industry in Australia.

The job cuts come on top of 200 already announced in July for the Oakville plant, which currently has 4,100 workers.

The job cuts will be confined to senior roles and meant to save 4 percent of the bank's wage costs.

Tech giant IBM will lay off a small percentage of its employees reinforcing speculative reports that were appearing in many media outlets.

The S&P 500 may see a profit slowdown, its first in nearly 3 years, but a modestly encouraging economic outlook will cushion the blow, Lydia Boussour, senior U.S. economist at Oxford Economics, said.

The U.S. budget deficit continues to break records for vastness as a result of the GOP's Tax Cuts and Jobs Act.

Britain's separation from the European Union with a "no deal Brexit" would seriously hurt Germany's job sector. Hardest hit will be the German auto, consumer goods, and banking sectors.

Big Oil had a good year in 2018, helped mostly by higher oil prices.

Ford will cut thousands of jobs in Europe as part of a $11 billion restructuring plan that will occur over the next three to five years.

A day earlier, Trump threatened to slash federal subsidies to General Motors for wanting to close five U.S. factories.

General Motors announced it would shutter five plants and slash 14,000 jobs in North America, many of them in the U.S. Midwest.

Over 90 percent of economists surveyed said they think the Trump administration's current and threatened tariffs will harm the economy.

Many in Trump's America are living paycheck-to-paycheck to succeed despite the economy's rapid improvements.

English city of Derby will feel the brunt of the jobs cut as the engineering giant Rolls-Royce restructures.

Strong hiring in May pushes U.S unemployment rate to 18-year low.

JPMorgan Chase, the nation's largest bank by assets and deposits, had a profit of $8.71 billion

The Eagles are only separated by goal difference from the bottom three and Parish will take no chances with the club's future.

Jose Mourinho and Antonio Conte come face to face as Manchester United host Chelsea at Old Trafford.

Steven Davies' 93rd minute strike forced a replay after Harry Kane and Lucas Moura seemed to have won the tie for Tottenham.