Germany posts worst contraction since global crisis
15 May 2020 01:59 PM |
Initial data published today shows that the German economy fell into recession after experiencing the worst quarterly contraction since the 2009 financial crisis, as shops and factories closed in mid-March to combat the spread of the coronavirus.
Oil hits highest level in a month with signs of increased demand amid coronavirus crisis
15 May 2020 11:57 AM |
Oil prices jumped more than 3% during today's trading to reach their highest levels in more than a month amid signs that demand for crude oil is rising. Reports from China show an increase in the
Pandemic drives Japan’s machine tool orders to lowest level in 10 years
14 May 2020 02:13 PM |
initial data for April released today shows that Japanese machinery tool orders fell to their lowest level in more than a decade, indicating that the coronavirus pandemic is causing heavy losses in the economy.
Australia records highest number of job losses in history during April
14 May 2020 12:27 PM |
Australia lost the highest number of jobs ever recorded in April, as employers laid off hundreds of thousands of employees in response to the shutdown across the economy to reduce the spread of the coronavirus.
Pandemic pushes Japanese service sector sentiment to record lows
13 May 2020 01:27 PM |
A survey by the Cabinet Office released today shows that morale in Japan's services sector fell to a record low in April, indicating an intensification of pressure on the economy from coronavirus-driven