Breaking news
The grim consequences for UK plc of the coronavirus crisis are becoming clearer with every passing day – as GDP goes into free-fall, public debt soars past £2trillion and millions become unemployed. Apocalyptic predictions from the Bank of England and others show the UK is on track for the worst recession in 300 years, when … Read more
Businesses in the eurozone see ‘unprecedented collapse’ due to coronavirus – ‘far worse than the height of the global financial crisis’ The purchasing managers’ index (PMI) slumped to its lowest level on record Companies in the service sector are cutting jobs at fastest pace since May 2009 France and Germany have both seen record declines … Read more
Mayor Bill de Blasio has warned residents of New York City to settle into a ‘new reality’ as he expects the coronavirus pandemic to rage on for months. De Blasio is taking drastic measures to stem the spread of COVID-19 in America’s largest city, where 269 cases have been confirmed and five people have died … Read more
Europe’s airports are facing an unprecedented financial crisis due to the outbreak of the coronavirus on the continent. The Airports Council International, the global trade representative of the world’s airport authorities, said European airports are facing a ‘full blown crisis’ and have called on governments to only issue travel bans as a last resort. ‘For … Read more
North Korea is taking ‘unprecedented’ measures against coronavirus with month-long quarantines, foreign diplomats locked in their compounds and loudspeakers blaring out health warnings. State media is demanding ‘absolute obedience’ to health authorities as the secretive nation tries to shield itself from the virus that emerged in neighbouring China. New arrivals are subject to 30 days’ … Read more