Economic News
High street shows green shoots of recovery despite slide in footfall
Shopping habits started to show tentative signs of recovery in June as lockdown measures were eased, industry data showed on Friday.
Job losses mount after Sunak's summer statement
Less than 24 hours after Rishi Sunak unveiled his "plan for jobs", Boots, John Lewis and Burger King announced about 7,000 potential job cuts, raising fears about surging unemployment as the Covid-19 crisis takes its extended toll.
US jobless claims fall more than expected
Weekly jobless claims in the US fell more than expected last week, according to figures released on Thursday.
China industrial deflation eases in June
China's manufacturing sector reported tentative signs of recovery in June, despite the ongoing impact of the Covid-19 pandemic on demand, official data showed on Thursday.
Sunak to focus on budget deficit after post-Covid outlook clears
UK Finance Minister Rishi Sunak said he would focus on restoring public finances and the deficit once he had more clarity around the post-Covid-19 economic recovery.
German trade surplus improves but progress slow
Germany's trade surplus improved as expected in May but exports remained well below pre-Covid-19 levels as large trading partners continued with restrictions on economic activity.