Economic News
Half a billion jobs were lost around the world to Covid-19 in Q2
The novel coronavirus will exact a much higher toll on job markets around the world than previously feared, according to the global watchdog for labour.
UK ministers warn of 7,000-truck-long queues in Kent after Brexit transition period
UK ministers warned on Wednesday that a worst case scenario post-Brexit transition period would see queues of as many as 7,000 trucks in Kent.
Huawei claims Qualcomm applied for license to sell chips
Huawei claimed on Wednesday that Qualcomm had applied for a US government license to sell its chips to the Chinese tech giant.
Johnson & Johnson launches phase three clinical trial for Covid-19 vaccine candidate
US consumer health and drugs giant Johnson & Johnson has launched the last phase of clinical trials for its Covid-19 vaccine.
UK's post-lockdown recovery loses momentum in September
The UK’s post-lockdown recovery lost momentum in September, according to figures released on Wednesday.
JP Morgan to shift €200bn from UK to Germany - report
JP Morgan will become one of Germany's biggest banks when it moves about €200bn (£184bn) of assets from the UK to Frankfurt because of Brexit, Bloomberg reported.
Eurozone growth stalls as Covid-19 hits services - PMI
Eurozone business activity stalled in September as manufacturing growth was offset by weaker demand for services caused by rising Covid-19 infections and social distancing measures.
Sunak considers German-style wage support - reports
Chancellor Rishi Sunak is considering replacing his furlough programme with German-style wage subsidies as part of measures to help businesses through the resurgence of Covid-19, according to reports.
Manufacturing fuels rise in German business activity - PMI
German business activity increased in September driven by rising manufacturing production but growth slowed as activity weakened in the services sector.