Economy

Official figures from the Office of National Statistics (ONS) show record-breaking economic inactivity in the UK with 649,000 fewer workers on payrolls.

Whoever wins the post will is taking over at a time of economic turmoil, as fresh economic forecasts show an even deeper recession than anticipated.

As the world struggles with the coronavirus pandemic, Spotlight explores how Hong Kong's start-up and cultural scene is adapting.

The European Commission announced that the euro area economy will contract by 8.7%, as the lifting of lockdown measures has been more gradual than expected.

Business Line looks at why ending lockdown in the UK may not save some businesses; a Dubai-based initiative to help innovators get their COVID-fighting technologies to market; and, how an unexpected eco-staycation trend in Italy could provide a welcome boost to local business.

Boris Johnson delivers a speech outlining his government's plans for nationwide economic recovery after lockdown due to the COVID-19 outbreak.

The Syrian economy is already melting down. Now the toughest US sanctions yet target anyone who does business with the Assad government.

In a live televised address from the Elysee Palace, Macron announced that the whole of mainland France is now in the so-called "green zone" including the Ile de France region.

The organisation forecasts a global recession of 6% in 2020 if the pandemic remains under control and of 7.6% if there's a second wave.

Tour guides in Rome organised a flash mob in front of the Pantheon and a sit-in outside the Italian Parliament on Tuesday, in protest at what they see as a lack of government support for the tourism sector.

It doesn’t sound like the kind of roller coaster anyone would like to go on – but what if to save their economies, some nations just went in and out of lockdown?

German Chancellor Angela Merkel said her left-right coalition has come up with a "bold response" that will boost consumer spending, invest in innovation and ease the financial strain on citizens.

Of the 750 billion euro recovery fund, the 500 billion euros would be given to EU countries as grants, the remaining 250 billion euros would be available as loans."

As the European Commission prepares to announce its recovery fund and new EU budget to help the economy rebound from the pandemic, the 'frugal four' have called for Brussels to be 'realistic' on the size and conditions for funding.

Festival organisers admit they didn't foresee a pandemic scenario but for next year's editions, they'll have backup plans