The U.S. reported 36,919 new coronavirus cases Sunday as the world-wide death toll approached one million. India, meanwhile, became the second country after the U.S. to have reported more than six million cases. The new U.S. cases bring the nation’s total reported infections to about 7.12 million, with more than 204,750 dead, according to data … Read more
LONDON—The British government reversed course and joined other European countries in offering extended help to businesses in the face of a new surge in coronavirus cases. The announcement follows the imposition this week of a new set of restrictions on the U.K. economy because of the rise in Covid-19 cases, which has led some forecasters … Read more
OTTAWA—Canadian Prime Minister Justin Trudeau laid out his plans to rebuild the country’s economy, in an effort to address damage done by the coronavirus pandemic and turn the page on a scandal over the awarding of a contract. His Liberal government outlined the broad strokes of its near-term agenda in a ceremonial speech to Parliament. … Read more
The coronavirus’s resurgence is weighing on service providers in Europe and Asia, even as factories continue to report a strengthening recovery from spring’s sharp declines in output. Surveys of purchasing managers in France, Germany and Japan pointed to a decline in activity at businesses that provide services during September, an indication that the global economy … Read more
An informal partnership that kept Germany’s economy tethered to China’s for decades is unraveling, threatening Berlin’s—and Europe’s—post-pandemic recovery as the Asian giant stages a powerful comeback. The relationship that saw Germany provide China with the machines to power its economy helped the German economy recover rapidly after the financial crisis. But German business leaders say … Read more
RIO DE JANEIRO—Covid-19 has killed more than 130,000 in Brazil, second only to the U.S., and hammered the economy. Still, the administration of President Jair Bolsonaro, who has lashed out at governors who ordered businesses to close and clashed with health experts over social-distancing measures, is more popular than ever. With millions… Source link
LONDON—The global economy is bouncing back strongly from the dramatic collapse it suffered in the spring, but fresh data suggest the early gains from the lifting of coronavirus lockdowns are already exhausted, adding to evidence that the world economy could take many months, if not years, to heal. Fresh figures from the U.K. provide valuable … Read more
FRANKFURT—The European Central Bank left its large monetary stimulus unchanged Thursday, as policy makers wait to see how a resurgence in Covid-19 cases across the continent and a jump in the value of the euro might affect the region’s economy. ECB President Christine Lagarde said the bank is paying close attention to the currency, highlighting … Read more
LONDON—European governments have spent big keeping millions of workers on company payrolls during the pandemic. Now, the U.K. is set to find out what happens when that support is removed. The U.K. government has said it would close the most costly of its coronavirus-support programs for businesses late next month, which would make the country … Read more
From India to Mexico and Brazil, the world’s biggest poor countries are witnessing some of the steepest economic contractions on record, throwing tens of millions out of work and turning back the clock on gains against poverty. Poor nations haven’t felt this kind of pain since the Great Depression. India’s economy shrank by nearly a … Read more