World economy | Fin24
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • South African Airways

    A draft rescue plan calls for the injection of a further R4.6 billion into the struggling flag carrier.

  • Facebook

    Employees criticise Mark Zuckerberg’s inaction over Donald Trump's comments.


WATCH | France's R152bn plan to revive the auto industry using electric cars

May 26 2020 20:55

President Emmanuel Macron on Tuesday announced an €8-billion (R152bn) plan to revive France's auto industry by making it the European leader in electric cars, in a boost for a sector brought to its knees by the coronavirus.


Coronavirus edges Greece close to e-governance

May 25 2020 21:04

After recording its first coronavirus death on March 12, Athens took unprecedented measures totally at odds with its previous love affair with paperwork and red tape.


Billionaires only got wealthier during the pandemic

May 22 2020 21:15

The fortunes of US billionaires rose 15% in the two months since the coronavirus pandemic hit, a study found, with Amazon boss Jeff Bezos and Facebook chief Mark Zuckerberg seeing massive gains.


US stocks volatile as jobless claims remain high

May 21 2020 16:06

Wall Street stocks edged higher early Thursday in volatile trading following another high US jobless claims report and as US-China friction rises, sharpening concerns of another trade war.


Euro-area economic catacylsm eases up on less stringent lockdown

May 21 2020 11:09

The euro-area economy started to claw its way out of its deepest downturn ever as the relaxing of coronavirus lockdowns allows thousands of businesses to reopen.


The biggest power demand plunge since the Great Depression is reshaping markets

May 20 2020 18:40

The global plunge in electricity demand will drag on long after nations lift stay-at-home orders, leading to the biggest annual drop since the Great Depression and fundamentally reshaping power markets.


Aramco is first oil major to regain pre-price war share price

May 19 2020 14:45

Saudi Aramco is the first major global oil producer to see its stock recover to the level it traded at before the price war between Russia and Saudi Arabia.


UK jobless claims surged in April as lockdown kicked in

May 19 2020 11:52

The number of Britons seeking jobless benefits spiked the most on record last month as the coronavirus lockdown sent shock waves through the UK economy.



US jobless claims in the millions for 8 weeks straight

May 14 2020 16:48

The number of Americans seeking unemployment benefits remained in the millions for an eighth straight week as the economy continued to reel from the coronavirus pandemic.

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