Apple has cut the prices of its latest iPhones in China ahead of a major online shopping…
Category: Economy
Von der Leyen calls €750bn recovery fund ‘Europe’s moment’
A recovery fund worth €750bn (£670bn; $825bn) has been proposed by the EU’s executive Commission to…
UK borrowing at record high as virus cost soars in April
Government borrowing surged to £62bn in April, the highest monthly figure on record, after heavy spending…
China scraps annual economic growth target for first time
China will not set an economic growth goal for this year as it deals with the…
Japan’s economy falls into recession as virus takes its toll
Japan has fallen into recession as the financial toll of the coronavirus continues to escalate. Read…
India announces $264bn economic rescue package
India has announced a 20 trillion rupee ($264bn; £216bn) economic package to help the country cope…
UK economy shrinks at fastest pace since financial crisis
The UK economy shrank at the fastest pace since 2008 in the first three months of…
The Fed’s four radical moves to save the economy
As policymakers from America’s central bank prepare to meet – virtually – this week, they will…
UK inflation hits 1.5% as lockdown begins to bite
The UK’s inflation rate fell to 1.5% in March, largely driven by falls in the price…
America’s $349bn fund for small firms runs out
America approved an unprecedented $349bn in relief last month aimed at helping small firms through the…
EU helps protect weak firms from foreign takeovers
The EU plans to help block foreign takeovers of European companies struggling with the virus downturn.…
Asian economies won’t grow this year, says IMF
Economies in Asia will see zero growth this year for the first time in 60 years,…