Political News
Federal Reserve's Powell calls for government action to prevent long-term scarring
The head of America's central bank said that further fiscal support for the economy may be needed in order to avoid the long-term scarring that a recession as deep as the current one may leave on the economic fabric of the country.
UK furlough scheme extended until end of October
The Chancellor of the Exchequer has extended the Coronavirus Job Retention Scheme until the autumn, it was announced on Tuesday.
UK's Johnson under fire over lockdown easing plan 'chaos'
The UK government's plan to ease coronavirus lockdown restrictions faced criticism on several fronts on Monday as ministers scrambled to clarify measures outlined by the prime minister in his televised Sunday address to the nation.
Walsh says quarantine would make IAG review flight plans
The boss of British Airways' parent said he would reconsider plans to restart flying in July if the UK government went ahead with proposed quarantine measures for passengers arriving in Britain from other countries.
Sunak set to announce furlough extension - report
Chancellor Rishi Sunak is set to announce the extension of the government's job retention programme until the end of September but at a reduced rate of subsidy, according to a report.
Coronavirus crisis led to 'tsunami of hate' - UN
António Guterres, United Nations chief said the coronavirus pandemic unleashed a “tsunami of hate and xenophobia, scapegoating and scare-mongering”, and appealed for an all-out effort “to end hate speech globally. ”.
US and China hold phone call to discuss phase one trade deal
US Treasure Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer spoke to Chinese Vice Premier Liu He on Thursday and discussed the ongoing tensions between both superpowers.
Trump admits country reopening is worth it despite 'more deaths'
US President Donald Trump acknowledged on Tuesday that reopening parts of the country would inevitably lead to "more death" but said that it was a price worth paying to get the economy back on its feet.
Trust in governments surges during pandemic alongside health fears
People are less concerned about the economy and more about people’s wellbeing and have put their faith in governments around the world to get them through the coronavirus pandemic.
UK and US labs suffer malicious cyber hacks
Cyber attacks have been directed at various UK and US labs by state-backed entities in an attempt to steal data from universities, pharmaceutical firms and research institutes involved in the development of a coronavirus vaccine and studying the Covid-19 disease.
UK consumers least confident since 2012 - YouGov
British consumer sentiment has dropped to its lowest since January 2012 as most people believe the economy will suffer a heavy recession or a depression triggered by the Covid-19 pandemic.
White House to 'turbocharge' plans to remove China from global supply chains - report
Washington is allegedly looking to remove China from global supply chains, it was reported on Monday, in retaliation for its handling of the Covid-19 outbreak.
EU approves €7bn in state aid for Air France
The European Commission on Monday approved €7bn (£6. 2bn) in state-backed aid for Air France to provide urgent cash to deal with the coronavirus outbreak impact.
US accuses China of covering up severity of Covid-19 outbreak
America's Department of Homeland Security accused China of downplaying the severity of the Covid-19 outbreak in the Asian giant even as it ramped up imports of medical supplies and tried to mask its purchases.