The UK has fallen into its worst recession on record because of the coronavirus lockdown, contracting by more than 20% between April and June 2020. It’s the worst slump of any major global economy. The recession – defined by six months in a row of falling output – is the first since the 2008 financial … Read more UK plunges into worst recession of any major economy – BBC News
The U.K. economy suffered more than any major European nation during the coronavirus lockdowns, piling pressure on the government to ensure the withdrawal of its support programs doesn’t derail the nascent recovery. Gross domestic product plunged 20.4% in the second quarter, the most since records began in 1955 and roughly double that of Germany and … Read more U.K. Recession: Worst Slump in Europe Raises Pressure to Sustain Rebound
The UK has entered recession for the first time in 11 years due to the impact of coronavirus. The Office for National Statistics estimates Britain’s GDP fell by 20.4% in the second quarter of 2020. That’s following a dip of 2.2% in the first quarter of the year. Sky’s Economics Editor Ed Conway explains why … Read more BREAKING: UK goes into biggest recession in history
Trump said his action authorizes the U.S. Treasury to allow companies to defer payroll taxes for Americans making less than $100,000 a year from Sept. 1 through Dec. 31. He said if he’s re-elected in November, he may extend the deferral and terminate the tax for some workers. ”This fake tax cut would also be … Read more Trump Signs Executive Orders Extending Coronavirus Economic Relief
President Donald Trump announced four executive actions on Saturday, including continued expanded unemployment benefits and a temporary payroll tax deferral for some workers, as the coronavirus pandemic continues to hobble the U.S. economy. Trump also ordered continued eviction protection and student-loan relief. The president said another order would provide $400 a week in jobless benefits … Read more Trump Orders Extended Jobless Benefits, Payroll Tax Deferral
President Trump declared ByteDance must sell its TikTok U.S. operations by September 15, or be banned? But with 70% of ByteDance’s outside investors coming from the U.S., can this be done? Guest: JACK PERKOWSKI Founder and Managing Partner of JFP Holdings PROF. JOHN GONG University of International Business and Economics DR. VICTOR TEO Visiting Research … Read more How clean could the U.S. ‘Clean Network’ initiative be?
Australia’s Prime Minister Scott Morrision offered his support to Covid-19 hotspot state Victoria, detailing additional childcare and mental health investments as Australians cope with another lockdown. The prime minister announced millions of dollars in investments in mental health services and platforms like Headspace, Lifeline and Beyond Blue. Victoria’s spiraling Covid-19 outbreak and the closure of … Read more Coronavirus: Australia Steps Up On Childcare and Mental Health Support
With so many people working at home, bored, and with no sports to bet on, there’s been an incredible explosion of retail stock market trading. One service, Robinhood, in particular has gotten a lot of attention due to its free trading, and videogame-like appeal to young users. But how are they really making money on … Read more How Robinhood Makes Money On Free Trades
The Telegraph’s economics reporter Lizzy Burden interviews former governor of the Bank of England Mervyn King. Credit: CoronaNomics, an Econ Films production. Get the latest headlines: https://www.telegraph.co.uk/ Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK’s best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.
The unemployment aid deal being negotiated by Democratic and Republican lawmakers and the White House could at best maintain U.S. household income at full force, or at worst knock out much of the expected rebound in third-quarter consumer spending. The most likely outcome is a $400-per-week extra federal unemployment benefit, a compromise between Democrat’s proposal … Read more House Speaker Nancy Pelosi and Chuck Schumer Negotiate Pandemic Aid Plan
U.S. Secretary of State Mike Pompeo delivered a fierce speech against Chinas last Thursday. Although he chose to address it at Nixon’s birthplace and Nixon library, some analysts are saying Mike Pompeo doesn’t understand China, Richard Nixon, and the U.S. foreign policy. Calling 50 years of U.S. policy on China a failure, Pompeo urged to … Read more The U.S. administration wants to transform China. Is it a realistic goal?
#China’s first interplanetary mission to #Mars launched successfully, bringing the Red Planet one step closer. What role does the Tianwen-1 play in China’s wider space exploration program, and is it motivated by science, economics, or political gain? Guests: DR. AMITABHA GHOSH Chair, Science Operations Working Group NASA Mars Exploration Rover Mission PROF. YANG YUGUANG China … Read more The Point: What is Tianwen-1’s mission?
Sky News examines the key decisions made during the #coronavirus pandemic and their impact on life in the #UK. Our team of specialists explores the politics, the economics, the science, the data, the health implications – and what’s next in the fight against the virus. #COVID19 SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews … Read more How COVID-19 changed the UK
The UK is dealing with a growing budget deficit. Although chancellor Rishi Sunak wants to raise taxes to balance the books, he also doesn’t want to depress demand or business recovery. In this live Q&A with the FT’s economics editor Chris Giles, and personal finance editor Claer Barrett, we answer your questions about how the … Read more Coronavirus: how will the UK pay for the pandemic?