09 Apr
US jobless claims hit 6.6m as Covid-19 takes its toll

The number of Americans filing for unemployment benefits last week was much higher than expected as the coronavirus pandemic continues to take its toll, according to figures released by the Labor Department on Thursday.

09 Apr
Federal Reserve to purchase higher-rated junk bonds through new facility

America's central bank stepped up to the plate yet again with plans to provide as much as $2. 3trn in financing for the private sector, especially for small and medium-sized companies, alongside local and state governments.

09 Apr
US consumer confidence sees largest one-month drop ever in April

US consumer confidence registered its largest monthly drop ever in April, although a key gauge of Americans' expectations for the future help up relatively well all things considered.

09 Apr
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Italy's Conte warns Covid-19 debt row could split EU

Italian Prime Minister Guiseppe Conte warned the European Union could fracture over tensions on how to deal with the coronavirus crisis as he said the current lockdown could be eased by the end of the month.

09 Apr
ep filed - 20 january 2020 switzerland davos kristalina georgieva managing director of the
Living standards to fall in worst slump since Great Depression - IMF chief

Living standards will fall in more than 170 countries in 2020 as the Covid-19 crisis causes the worst economic downturn since the Great Depression, the head of the International Monetary Fund warned.

08 Apr
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Airlines call for amendment of carbon deal due to coronavirus crisis

Airlines are lobbying to amend the recently agreed carbon scheme designed to bring down the aviation sector's emissions as the Covid-19 coronavirus crisis makes it harder for carriers to meet their agreed targets.

08 Apr
Covid shock could spark global Depression-era slump: WTO

Global trade could plummet by up to 32%, a level similar to the Great Depression of the 1930s, in the aftermath of the coronavirus pandemic, the World Trade Organisation said.

08 Apr
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Trump lashes out at WHO and threatens to withdraw funding

US President Donald Trump lashed out at the World Health Organization late on Tuesday over it’s handling of the coronavirus pandemic and threatened to withhold US funding.

07 Apr
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Fastjet warns on future as FedAir sheds jobs, cuts wages

African budget airline Fastjet warned that its future was under threat unless it raised fresh capital or sold its Zimbabwe operations as jobs and salaries were cut in response to the coronavirus.

07 Apr
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Millions of jobs at risk as airlines running out of cash - IATA

At least 25 million jobs could be at risk around the world from the slump in passenger traffic caused by the coronavirus pandemic, the airline industry body warned on Tuesday.

07 Apr
Credit Suisse says BHP dividend safe even in 'more extreme' scenarios

Analysts at Credit Suisse cut their target price for shares of BHP Billiton from 1,900. 0p 1,600. 0p but upgraded their recommendation from 'neutral' to 'outperform'.

07 Apr
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ExxonMobil cuts capital spending by $10bn after oil crash

ExxonMobil has cut 2020 capital spending by $10bn (£8. 1bn) in response to the oil price crash caused by oversupply and the coronavirus crisis.

07 Apr
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German industrial production edged up before Covid-19 hit

German industrial output unexpectedly rose in February before the Covid-19 crisis spread to Europe's biggest economy, official figures showed.

06 Apr
ep ebruary 22 2020 - tokyo japan many foreigners and japanese visit harajyuku fashion town wearing
Japan to unveil stimulus package worth nearly 20 per cent of GDP

Japanese authorities unveiled plans at the start of the week to launch the country's biggest ever stimulus package in a bid to contain the economic fallout from the Covid-19 pandemic.

06 Apr
EU probes Facebook's online classifieds service

The European Union’s probe into media giant Facebook will now focus on whether the social media network is distorting the classified advertising market by promoting its own Marketplace.

06 Apr
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Global car industry revenue hit $100bn by pandemic

The Covid-19 coronavirus is severely impacting consumer and business behaviour and threatens to erase around $100bn in global full-year revenues from the automotive industry with UK car sales having already fallen 44. 4% in the key month of March.

06 Apr
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Oil falls after Saudi-Russia meeting delayed

Oil prices fell by about 1% on European exchanges but pared back earlier losses as markets reacted to Opec's cancellation of a meeting with Russia about potential production cuts.

05 Apr
Norway may join OPEC+ in cutting output, Canada will dial into summit

Norway may cut its oil production alongside other major producers if an agreement for a significant combined reduction can be reached.

03 Apr
Italy Covid-19 infections continue to slow

The increase in the number of Italians infected with the Covid-19 coronavirus continues to slow.

03 Apr
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Brent futures jump again after report Russian firms ready to cut

Crude oil futures extended the previous day's rally following reports that Russian oil producers were prepared to reduce their own output to help stem the rout in prices.

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