Economic News
Trump extends US social distancing measures until 30 April
US President Donald Trump said on Sunday he would extend social distancing measures until 30 April in an effort to limit death toll from the Covid-19 pandemic.
Thousands of UK pubs and restaurants at risk of collapse over Covid-19 crisis
Thousands of UK restaurants and pubs are at risk of collapse due to the coronavirus pandemic as businesses shut down for weeks.
Mortgage approvals surged before Covid-19 crisis
Mortgage approvals rose to a six-year high in February as confidence briefly returned to the property market before the onset of the coronavirus crisis, the Bank of England said.
GDP to plunge as UK heads for recession, warns CEBR
The UK economy is on course to enter the deepest recession since the financial crisis, a respected think tank warned on Monday, with growth set to slump by a record 15% in the second quarter.
Eurozone economic sentiment suffers worst monthly slump ever
Economic sentiment in the eurozone suffered its worst ever decline in March as worries about the coronavirus took their toll, according to a European Commission survey released on Monday.
Oil prices tumble to 18-year lows
Oil prices have hit fresh lows as the bitter price war between Saudi Arabia and Russia and the growing impact of coronavirus on the US and global economies weigh heavily.
China cuts reverse repo rate to support economy
China's central bank made a surprise cut to the rate on reverse repurchase agreements as the authorities sought to ease pressures on the economy from the Covid-19 pandemic.