Economic News
UK PM Johnson moved to intensive care unit
Prime Minister Boris Johnson was moved to an intensive care unit after his coronavirus symptoms worsened on Monday. Downing Street said.
Japan to unveil stimulus package worth nearly 20 per cent of GDP
Japanese authorities unveiled plans at the start of the week to launch the country's biggest ever stimulus package in a bid to contain the economic fallout from the Covid-19 pandemic.
Rolls-Royce pulls dividend, guidance as Covid-19 travel bans bite
Aircraft engine maker Rolls-Royce pulled its dividend and full year guidance as it moved to mitigate the impact of the coronavirus pandemic.
Bank of Georgia creates GEL400m buffer to counter Covid losses
Bank of Georgia Group said it had agreed with its regulator to set up a GEL400m (£113m) general provision as a buffer to combat the uncertainty caused by the Covid-19 pandemic.
EU probes Facebook's online classifieds service
The European Union’s probe into media giant Facebook will now focus on whether the social media network is distorting the classified advertising market by promoting its own Marketplace.
Global car industry revenue hit $100bn by pandemic
The Covid-19 coronavirus is severely impacting consumer and business behaviour and threatens to erase around $100bn in global full-year revenues from the automotive industry with UK car sales having already fallen 44. 4% in the key month of March.
UK construction sectors suffers worst contraction since 2009
The UK construction sector suffered its worst contraction in March since April 2009 as the coronavirus pandemic took its toll, according to data released on Monday.
Car registrations tumble as Covid-19 shuts showrooms
New car registrations fell more than 40% in March as the Covid-19 crisis shut showrooms, industry figures showed.
Oil falls after Saudi-Russia meeting delayed
Oil prices fell by about 1% on European exchanges but pared back earlier losses as markets reacted to Opec's cancellation of a meeting with Russia about potential production cuts.
UK consumer confidence suffers worst fall on record - GfK
UK consumer confidence fell in March at the fastest rate since records began in 1974, according to a survey out on Monday, as the coronavirus outbreak took its toll.