United Kingdom

COVID-19: 649,000 fewer people employed in UK since lockdown began

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

16/07/2020

Real Economy

European Union revamps Europass to get people working

In partnership with The European Commission

Covid-19 has disproportionately affected young and seasonal workers. The EU has recently revamped Europass, a tool that can help people in their search for work

15/07/2020

Israel

Israel: Tel Aviv protest targets Netanyahu over COVID-19 economic aid

Protesters accuse the Israeli prime minister of failing to address economic woes brought on by the coronavirus pandemic.

12/07/2020

Portugal

Portugal: UK COVID-19 quarantine restriction hits Algarve tourism

Industry analysts say only about a third of the usual number of tourists will visit Portugal's Algarve region this summer.

11/07/2020

World News

Jobless rate to hit record this year in richest economies, says OECD

The average unemployment rate across the OECD is forecast to reach 9.4 per cent at the end of 2020, and remain stubbornly high at 7.7 per cent in 2021.

07/07/2020

United Kingdom

Coronavirus: 1.6m people in the UK now claiming unemployment benefit

There are fewer jobs available in Britain than when records began.

16/06/2020

World News

COVID-19 having 'disproportionate' impact on young workers, warns ILO

More than one in six young people have been forced to stop working since the pandemic began, the UN's International Labour Organisation has highlighted, warning it "make it much more difficult to rebuild a better, post-COVID economy".

28/05/2020

My Europe Series

Europe's week: Recovery, risk and US-China relations

Paris and Berlin teamed up to present their post-pandemic financial recovery plans for Europe, but not everyone was cheering Macron and Merkel.

22/05/2020

Spain

Hunger queues form in Madrid in wake of COVID-19 lockdown

Tens of thousands of people in the Spanish capital are now turning to food banks and neighbourhood associations to cushion the economic blow of lockdown.

18/05/2020

World News

Is more working from home going to be a lockdown legacy?

Nearly four-in-10 people in the EU began working from home as a result of the COVID-19 pandemic. Will they stay away from the office, permanently?

15/05/2020

World News

Ryanair to cut up to 3,000 jobs and close bases in Europe

Michael O'Leary, Chief Executive Officer of Ryanair, said he regretted the cuts and singled out "manifestly unfair" rules put in place by the French government on airport taxes.

01/05/2020

World News

World economy 'unlikely to recover to pre-pandemic levels before 2022'

The world economy is unlikely to return to pre-pandemic levels before 2022 at the earliest, the Dutch banking group ING has warned.

30/04/2020

World News

Nearly half of world’s workers risk losing their livelihoods, says ILO

The ILO estimates that 1.6 billion people are in “severe danger” of losing between 60 and 80 per cent of their income

29/04/2020

Spain

Spain's poorest are being punished by the coronavirus crisis

Thousands have lost all income and aid organisations are overwhelmed as lines at food banks have tripled.

28/04/2020

Real Economy

EU's 100 billion euro scheme to tackle coronavirus unemployment

In partnership with The European Commission

With unemployment surging across Europe and worldwide, will the EU's SURE scheme (Support to mitigate Unemployment Risks in an Emergency) help avoid another pandemic - joblessness - once the COVID-19 emergency has receded?

22/04/2020

Poland

'Our plans collapsed in a second': Polish lockdown hits migrants hard

There are nearly two million migrant workers in Poland. Most have lost jobs during the pandemic and some are frantically trying to find a way home.

06/04/2020

World News

Coronavirus pandemic pushes jobless figures into record territory

Europe is seeing record numbers of jobless as business shut and travel all but stops over the global pandemic.

02/04/2020

Europe News

EU hopes to mitigate lockdown and help workers with €100 billion fund

Brussels has launched a €100 billion fund to help those feeling the economic fallout from coronavirus lockdowns.

02/04/2020

Europe News

Coronavirus in Europe: one million job losses in two weeks

Trade unions are calling on the EU to save jobs with income replacement systems. For this to work, a 200-400 billion euro fund is needed

31/03/2020

Europe News

How should the EU mitigate the coronavirus economic downturn?

The EU is looking at different ways of how to help businesses and workers weather the economic storm created by coronavirus uncertainty.

24/03/2020