Rolls-Royce plans to axe at least 9,000 jobs – almost a fifth of its workforce – as it grapples with an “unprecedented” slump in demand caused by the coronavirus pandemic. Chief executive Warren East warned that most of the cuts could fall in the UK as it embarks on a “major reorganisation”. The FTSE 100 … Read more Rolls-Royce to cut 9,000 jobs in Covid-19 downturn
The 16th of the March saw the biggest one day drop on the FTSE 100 and international markets since the financial crisis of 2008. At the centre of this crisis is Covid-19. But, is this the first time that a disease outbreak has caused so much damage to the economy, and how prepared is the … Read more What damage is Covid-19 doing to the global economy?
Global market sentiment has declined ahead of the latest US jobless claims data that is expected to show a massive spike in unemployment claims after businesses stateside shut down in an attempt to slow the spread of coronavirus. Some experts suggest record unemployment numbers in the US, with Citi as the most bearish, projecting roughly … Read more COVID-19 | For how long nations can keep up the spending?
Donald Trump said he wanted to get Americans back to work as the US Congress agreed to a stimulus bill worth almost $2 trillion. The FTSE 100 rose by more than 9 per cent on Tuesday, its second best day on record behind a bounce in November 2008, while the Dow Jones in America was … Read more Trump hopes Americans will be working by ‘beautiful Easter’
After a day of carnage in global markets, the UK’s Sky News asked if coronavirus will spark a global recession: The FTSE 100 leading index of shares in London has closed the day down 7.7% – its biggest single-day fall since the 2008 financial crisis. The fall, which wiped £125bn off the value of its … Read more Will coronavirus cause a global recession?
The FTSE 100 has seen more than £163bn wiped from the value of its constituent companies in a renewed coronavirus-linked sell-off. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews and https://twitter.com/skynewsbreak Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews For more content go to http://news.sky.com and download … Read more Coronavirus: £130bn wiped off FTSE 100 in minutes
As stock markets across the world slide, Newsnight speaks to health minister Helen Whately about how the government is dealing with all sides of the coronavirus outbreak. Subscribe to our channel here: https://goo.gl/31Q53F Over £200 billion was wiped off the value of companies on the UK FTSE 100 in one of the worst weeks for … Read more Coronavirus: Stock market suffers worst week since 2008 crash – BBC Newsnight
More than £200 billion has been wiped off the value of shares on the London FTSE 100 since the start of the week, amid fears of a global outbreak of coronavirus. It’s the biggest one-week drop since the 2008 financial crisis, and comes after a British person aboard the Diamond Princess died from coronavirus on … Read more How is the coronavirus outbreak affecting businesses and stocks? | ITV News
Financial markets plunged again on Tuesday as investors continued to worry about the spread of the coronavirus. The Dow shed almost 900 points, falling more than 3% to close at 27,081. The S&P 500 also closed more than 3% lower, while the Nasdaq sank 2.8%, The declines followed drops overseas. In the UK, the FTSE … Read more Coronavirus: the Economic Impact – BBC News
The US and Australian markets fell over 1st – 2nd June 2011 following disappointing manufacturing and employment indicators. In addition, the downgrading of Greek local and foreign currency bond ratings to Caa1 from B1 gave traders further cause for concern. Ben Potter, research analyst at IG Markets said: “The S&P 500 fell the most since … Read more Markets Fall as Moody’s Downgrades Greece