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Economy

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.

    World

    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.

    World

    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.

    World

    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.

    World

    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.

    World

    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.

    World

    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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    World

    UK economy plunges into recession amid virus restrictions

    May 13 2020 09:24

    The UK economy shrank almost 6% in March as the nation went into lockdown, plunging into what may be its deepest recession in more than three centuries.

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