By Canadian Press Jul 30, 2020 2:32 AM FRANKFURT — Germany’s economy took a massive hit during the pandemic shutdowns, shrinking by 10.1% per cent during...
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy likely contracted at its steepest pace since the Great Depression in the second quarter as the COVID-19...
With the economy struggling just to grow, small businesses across the country in serious danger and unemployment very high at 11.1%, few investors expect the Fed...
WASHINGTON — Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and...
WASHINGTON — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about...
WASHINGTON — The Federal Reserve is expressing concern that the viral outbreak will act as a drag on the economy and hiring in coming months and...
By Nick Carey (Reuters) – Detroit’s automakers will report results this week, highlighting the damage the coronavirus pandemic wrought on the second quarter, but investors will...
Hong Kong’s economy shrank by 9% from a year earlier in the latest quarter, hurt by the coronavirus pandemic and facing more potential damage from the...
“The global economy has already witnessed shallow V-shaped recovery from most historical health shocks such as SARS and MERS,” said Sambhavy Shrestha, economist, Emerging Market Innovation (EMI) practice...
By Jonathan Barrett and Swati Pandey SYDNEY (Reuters) – Just months after rains broke Australia’s crippling three-year drought, fields of grain have sprung to life, lifting...