Britain's economy shrank by a record 19.8 per cent in the second quarter, entering recession on the coronavirus lockdown.
Payments of the massive coronavirus stimulus approved by leaders of the European Union will start in the second half of next year.
Lufthansa announces a 20% cut in leadership positions and the reduction of 1,000 administrative jobs,
The economy shrank by 8.9 per cent in the second quarter because of the effects of the coronavirus lockdown, after a contraction of 0.4 per cent in the first quarter.
Recent data shows a shift to shopping online -- according to Kantar consulting group, international e-commerce grew 41 per cent in only three months compared with 22 per cent growth for 2020 as a whole to date, as the pandemic "transformed" retail habits.
The US dollar gave up brief early gains on Monday as mounting concerns about a slowing US economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week.
Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organization said Wednesday, warning that the numbers would be “ugly”.
Sweden will spend more than 100 billion Swedish crowns ($10 billion) in its spring budget to fight the outbreak of the novel coronavirus, which has shut down much of the economy, Finance Minister Magdalena Andersson said on Wednesday.
For teachers retiring during the COVID-19 pandemic, there’s no closure and no saying goodbye to students and the schools they have taught in for so many years.