Chinese economy shrinks 6.8pc in first three months of 2020 – first quarterly contraction since 1976

China’s economy shrinks 6.8pc in first three months of 2020 – the first quarterly contraction since 1976 By Daily Mail City & Finance Reporter Published: 21:50 BST, 17 April 2020 | Updated: 22:18 BST, 17 April 2020 China’s economy shrank 6.8 per cent in the first three months of 2020 – the first quarterly contraction … Read more

UK economy losing £2bn every day in deepest slump since Great Depression

UK economy losing £2bn every day in deepest slump since Great Depression By Hugo Duncan And Ruth Sunderland For The Daily Mail Published: 22:29 BST, 16 April 2020 | Updated: 22:29 BST, 16 April 2020 The coronavirus lockdown has already wiped £50 billion off the economy as the UK plunges into the deepest slump since … Read more

Mark Carney: Coronavirus shows we value public health over our economy

What we think of as ‘valuable’ is changing amid coronavirus and firms will be judged on how they behaved, says former BoE governor Mark Carney He said companies would be judged by ‘what they did during the war’ This meant how they treated employees, suppliers and customers Writing in The Economist, he said the pandemic … Read more

Trump doubles down on claim governors are ‘chomping at the bit’ to reopen the economy BEFORE May 1

BREAKING NEWS: Donald Trump claims U.S. has ‘passed the peak’ of coronavirus cases and doubles down on claim that governors are ‘chomping at the bit’ to reopen the economy BEFORE May 1 President Trump said Wednesday that the U.S. has ‘passed the peak’ of coronavirus cases  He said he would be talking to the country’s … Read more

Donald Trump says individual governors will decide on when to reopen economy

President Donald Trump on Tuesday abandoned his push for ‘total’ authority to reopen the country and said he would leave the decision in the hands of the individual governors of each state.  Facing angry governors and a violation of the U.S. Constitution, the president tried to spin his decision as one of graciousness, saying he … Read more