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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
German industrial output unexpectedly rose in February before the Covid-19 crisis spread to Europe's biggest economy, official figures showed.
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.
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.
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.
Norway may cut its oil production alongside other major producers if an agreement for a significant combined reduction can be reached.
The increase in the number of Italians infected with the Covid-19 coronavirus continues to slow.
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.
The US jobs market deteriorated massively in March as the Covid-19 pandemic began sweeping across the country and some state authorities moved to a lockdown.
The People’s Bank of China has cut the amount of cash smaller banks must keep in reserve, as it looks to bolster the country’s economic recovery following the Covid-19 outbreak.
China’s crucial services sector recovered only marginally in March after tumbling to record lows in February, data published on Friday showed.