World economy | Fin24

US jobless claims doubled to record 6.65 million last week

Apr 02 2020 15:10

The number of Americans applying for unemployment benefits more than doubled to a second straight record as the coronavirus widened its reach and closed more businesses.


US jobless claims surged to a record 3.28 million last week

Mar 26 2020 17:19

The number of Americans filing for unemployment benefits surged to a record 3.28 million last week as businesses shuttered and laid off workers as part of efforts to slow the spread of the coronavirus.


World trade rocked by virus sees worst collapse in a generation

Mar 26 2020 11:09

The Great Recession, the September 11 attacks, the 1973 oil embargo - none of these modern crises constricted trade flows as quickly and as sharply as the Covid-19 disease has.


Putin delays vote on plan to stay in power over growing virus fears

Mar 25 2020 16:37

Russian president Vladimir Putin has postponed a planned public vote on constitutional changes next month that would allow him to rule to 2036 as the country attempts to stem the spread of the coronavirus.


WATCH: Trump wants US economy open by Easter despite coronavirus spread

Mar 25 2020 13:22

US President Donald Trump pressed his case on Tuesday for a re-opening of the US economy by mid-April despite a surge in coronavirus cases, downplaying the pandemic as he did in its early stages by comparing it to the seasonal flu.


A preview from Italy: What life is like in lockdown

Mar 25 2020 05:01

Italy’s nightmare offers a chilling preview of what's coming. But like Italy, we don't have a choice, write Vernon Silver, Alessandra Migliaccio and John Follain.



Europe dragged into record recession in battle to halt coronavirus

Mar 24 2020 13:50

Europe’s economy is taking a battering not seen in decades, the outcome of severe restrictions on businesses and households by governments desperately trying to contain a pandemic that’s killed almost 17 000 people worldwide.

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