Economy

BRUSSELS - The eurozone economy will plunge at least 8.7% in 2020 due to the COVID-19 lockdown, the European Commission said on Tuesday in more pessimistic forecasts that do not see a…
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Geneva, Switzerland - Global working hours are expected to have plummeted by 14 percent in the second quarter of 2020 as a result of the COVID-19 pandemic lockdown, according to the…
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LONDON - Chancellor Rishi Sunak urged Britain to “eat out to help out” in a bid to boost the economy as it emerges from a lockdown slump. The chancellor said he was “worried about a…
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BERLIN/WASHINGTON, D.C. - German Chancellor Angela Merkel said on Wednesday that proposed US sanctions against the Nord Stream 2 natural gas pipeline from the Russain Federation were…
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LONDON - Homelessness in the UK will triple in 2020 if measures aren't introduced to protect tenants who can’t pay their rent, warned housing campaign group Generation Rent. The…
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WASHINGTON, D.C. - The June jobs report may be the last piece of good news for the economy this summer as surging coronavirus cases threaten to dampen the burgeoning recovery. The US is…
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WASHINGTON, D.C./BEIJING - Two US aircraft carriers kicked off joint exercises in the Philippine Sea on Sunday. The USS Nimitz and USS Ronald Reagan Carrier Strike Groups began the…
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LONDON - The UK's manufacturing sector will be unable to return to levels of growth seen before the lockdown until at least 2022, a new report predicted. As lockdowns got enforced…
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Geneva, Switzerland - A new survey conducted by the International Trade Center (ITC) found that international trade dropped across all four quarters of 2019, with declines intensifying…
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A new divide is opening up between the “haves” and the “have nots” – this time over COVID-19 testing. While private schools and big businesses have introduced testing for their pupils…
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