Up-to-date Financial News

Coronavirus: Leading economist warns of 10 years of depression and debt

Economist Nouriel Roubini - "Dr Doom" - has warned of a prolonged downturn and sluggish recovery.

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UK borrowing at record high as virus cost soars in April

The government borrowed £62bn in April - the highest monthly figure since records began.

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Coronavirus: Retail sales crash in April as lockdown hits shops

British clothing sales plummeted by 50.2% last month as many High Street stores were closed.

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How will we pay for the coronavirus damage?

Coronavirus has cost the UK government hundreds of billions of pounds. How will we pay for it?

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China scraps annual economic growth target for first time

The world's second largest economy takes unprecedented step not to give forecast for the year ahead.

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Coronavirus: Job adverts increase in rural areas despite Covid-19

Roofers and security guards are among professions with increased demand, one study suggests.

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Coronavirus: US workers seeking jobless aid near 40 million

Almost a quarter of the US workforce has filed for unemployment since mid-March.

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US Senate passes bill that could delist some Chinese firms

The moves comes as tensions rise between Washington and Beijing over the coronavirus pandemic.

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Toy and vegetable costs rise as fuel price drops

April's inflation tumbles to 0.8%, but the price of vegetables, toys and knitting wool rise amid lockdown.

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Coronavirus: World Bank warns 60m at risk of 'extreme poverty'

The financial impact of the coronavirus is hitting poor nations hard and destroying millions of livelihoods.

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Mirrors and garden shears prices set to fall in Brexit tariff plan

The government said it has removed import levies on items worth more than £30bn.

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Coronavirus: Extra bank holiday for October being considered

The tourist industry says another public holiday would help offset losses caused by the lockdown.

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Coronavirus: No guarantee of quick economic bounceback, warns Sunak

Chancellor Sunak says a swift UK economic recovery is "not obvious", as jobless claims soar in April.

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Coronavirus: Universal credit claims hit monthly record

The number of claims has jumped to six times more than a year earlier as incomes are hit.

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Coronavirus: Young people 'most likely to lose work' in lockdown

One in three young workers is earning less than before the coronavirus outbreak, a report suggests.

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Oil on stormy market waters

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Coronavirus: Self-employed grant claims top two million

The government coronavirus help scheme has received grant requests worth £6bn, the chancellor says.

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Theo Paphitis: ‘Retail will never, ever be the same again’

Entrepreneur and ex-Dragons' Den star Theo Paphitis talks to the BBC about how coronavirus has hit retail.

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Oil collapse: 'Right now everything I have is shut down'

After years of boom, is the US oil industry now going bust?

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Seven charts on the coronavirus jobs market

How the coronavirus pandemic is hitting the UK jobs market and how that compares globally.

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Coronavirus: Migrants struggle to send money home

The Covid-19 pandemic is limiting the ability of people to send and receive money around the world.

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Coronavirus: Six industries crying out for help

With the UK economy in crisis, many sectors are still demanding further help from the government.

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How do you work out what something is worth?

Auctions have been around for centuries, but underpin the success of many internet giants today.

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New York: The city that never sleeps on lockdown

The streets of America's largest city, New York, are empty as business grinds to a halt.

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Sinn Fein surge puts Irish economy in the spotlight

As the Irish parliament convenes to try to choose its new leader, concerns about inequality linger.

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How technology is aiding Malawi's music industry

Technology is making it easier for music artists in Malawi to create and release work to audiences.

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Brexit: Is fishing the next big argument in the talks?

Fishing looks like being the first big argument of the UK's trade negotiations with the EU.

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What is a 'Canada-style' trade deal?

Could the Canada-EU trade deal be a model for the UK's relationship with the EU after Brexit?

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The S Korean Samsung protester living in the sky

Kim Yong-hee has spent nearly a year on a 20m traffic tower to protest against Samsung's zero-union policy.

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Zuckerberg: Facebook to 'take down' coronavirus misinformation

Mark Zuckerberg explains how the social network is responding to the Covid-19 crisis.

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Ryanair: Air passenger quarantine plans 'idiotic'

CEO Michael O'Leary tells BBC Radio 5 Live that measures to contain coronavirus have too many exemptions to be effective.

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Coronavirus: 'Lockdown is opportunity of a lifetime for bike lanes'

Gil Penalosa of urban reform group 8 80 Cities says lockdown is the right time to make cities more bike-friendly.

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Coronavirus: Robert Jenrick defends government decision to reopen housing market

Robert Jenrick said he understood why it may seem "confusing" to allow viewings but not see family.

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Coronavirus: Surrogate babies stranded in Ukraine

Babies born to surrogate mothers are stuck in Ukraine due to coronavirus lockdown measures.

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