Government borrowing has surged to its highest level on record, underlining the scale of the economic damage caused by the coronavirus pandemic. The deficit, the difference between government spending and tax receipts, soared to more than £62 billion in April, due to the level of financial support provided by the Treasury, to help businesses and … Read more Coronavirus crisis: govt borrowing hits record level – BBC News
The surge in public spending and the impact of the coming recession are predicted to result in the UK growing a deficit exceeding £337bn. Join the FT’s personal finance editor Claer Barrett and tax expert Nimesh Shah to discuss how tax rises could impact the self-employed and UK businesses. Read more: https://www.ft.com/content/4a55681f-2916-4812-86e4-8d5c95b0df9f.
As Congress debates financial aid to states, New York, the epicentre of the coronavirus pandemic in the United States, is facing a $61bn budget deficit. And there are warnings that it is hurting essential services trying to save lives during the pandemic. Al Jazeera’s Kristen Saloomey spoke to emergency medical technicians who warn a lack … Read more New York’s $61bn budget deficit hinders COVID-19 battle
SUBSCRIBE ► http://bit.ly/SSFootballSub PREMIER LEAGUE HIGHLIGHTS ► http://bit.ly/SkySportsPLHighlights On this day in 2012, Manchester City scored TWICE in injury-time to seal their first Premier League title in 44-years! City had to overcome a two-goal deficit after Jamie Mackie gave QPR the lead, but Dzeko’s equaliser and Sergio Aguero’s last-gasp goal sealed the silverware for Man … Read more Sergio Aguero’s DRAMATIC injury-time winner hands City the 2012 PL title!
The Federal Treasurer has outlined what he has dubbed a “sobering” economic outlook on a day when he had long hoped to deliver Australia’s first budget surplus in more than a decade. The 2020-21 Federal Budget was due to be released today, but the Government was forced to delay until October as it seeks to … Read more Treasurer notes ‘sobering’ economic figures as Australia faces largest deficit in history | ABC News
The Federal Treasurer has outlined what he’s dubbed a “sobering” economic outlook on a day when he had long hoped to deliver Australia’s first budget surplus in more than a decade. The 2020-21 Federal Budget was due to be released today, but the Government was forced to delay until October as it seeks to come … Read more COVID-19 Update: Treasurer Josh Frydenberg outlines ‘sobering’ economic outlook | ABC News
The ASX ended the week with a strong gain, as investors were buoyed by plans to re-open the economy. Meanwhile, a new estimate puts this year’s budget deficit at $143 billion. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE … Read more Australian sharemarket makes gains on economic restart optimism | Finance Report
The World Bank says Nigeria needs hundreds of billions of dollars to bridge its housing deficit. Home ownership is at a mere 25 percent, and Nigerians are finding it harder to buy as incomes fall along with the price of oil, the country’s main earner. Al Jazeera’s Ahmed Idris reports from Abuja, Nigeria. – Subscribe … Read more Most Nigerians cannot afford to buy a house
SportsCenter ranks the Top 10 moments in the rivalry between the New York Yankees and the Boston Red Sox, including Aaron Boone’s walk-off home run to win the 2003 ALCS and Boston overcoming a 3-0 series deficit in the 2004 ALCS to advance to the World Series and break the Curse of the Bambino. Subscribe … Read more Top 10 moments from the Yankees-Red Sox rivalry | SportsCenter
SUBSCRIBE ► http://bit.ly/SSFootballSub PREMIER LEAGUE HIGHLIGHTS ► http://bit.ly/SkySportsPLHighlights Paul Merson retells some hilarious stories from his playing days including how he helped turn around a 2-0 deficit to make sure he could go on his brother’s stag-do and how he went to Barbados instead of a rehab centre. Watch Premier League LIVE on Sky Sports … Read more “If we didn’t win, the stag-do was cancelled!” | Merse tells hilarious stories from his playing days
Pizza ovens are hard at work once again in Naples, Italy. Italy saw the number of recoveries from the coronavirus hit a record high as Prime Minister Giuseppe Conte prepares to start easing the country’s lockdown from the beginning of May. Figures from civil protection authorities showed there were 1,872 new cases for the 24-hour period, compared with 2,086 … Read more Pizza Joints Reopen In Naples As Italy Eases Lockdown
Prime Minister Giuseppe Conte said Italy will cautiously begin lifting a nationwide lockdown on May 4, giving an initial respite to businesses paralyzed by weeks of containment measures to check the spread of the coronavirus. Construction and manufacturing will be the first industrial sectors to be allowed to reopen, with retailers and museums to follow … Read more Conte Cautiously Edges Italy Out of Virus Lockdown From May 4
Bloomberg Politics asked what a protracted UK lockdown might mean for the British economy. Apr.15 — A protracted lockdown could see the U.K. economy shrink by more than a third this quarter, increasing unemployment by over 2 million and sending the budget deficit to its highest since World War II, according to the Office for … Read more Dire Warning for U.K. Economy If Virus Lockdown Persists
Bloomberg asked if the GBP would emerge from Covid-19 as a winner? Chief Investment Officer from Deutsche Bank Wealth Management, Christian Nolting told that it was too early to say, in this interview. Apr.15 — It’s “too early” to say that the euro zone will suffer a protracted period in which policy makers struggle to … Read more Will Pound Emerge as a Winner From Europe’s Virus Woes?