Iran says not possible to shut economy: Coronavirus live updates | Coronavirus pandemic News

Iran’s President Hassan Rouhani said it was not possible to shut down the country’s economy despite the surge in coronavirus cases. India’s coronavirus cases surged past 800,000 with the biggest single-day spike of 27,114 cases, causing multiple states to impose lockdowns in high-risk areas. More than 12.5 million […]

Government accused of ‘putting profit over human dignity’ with plan to build prisons and boost economy

A government pledge to build new prisons has been criticised as “putting profit over human dignity” after the Ministry of Justice heralded the scheme as being designed to boost the nation’s economy. The MoJ announced four new sites would be built across England in the next six years amid a drive to fulfil a Conservative […]

Economy is ‘over the worst’ of coronavirus crisis but could face permanent scarring, expert claims – The Sun

THE economy is “over the worst” of the coronavirus crisis but could face permanent scarring, according to the head of the Office for Budget Responsibility. Robert Chote, chairman of the OBR said the level of “scarring” would depend on how business adapts to a new post Covid-19 world. ⚠️ Read our coronavirus live blog for […]

Coronavirus live news: Spain to quarantine overseas travellers; French economy shrinks | World news

French economic activity plunged 27% in April compared with its expected trajectory before the coronavirus pandemic but this was still a slight improvement on March, the Bank of France said. The economy had been predicted to grow 0.1% in the first quarter of the year, the central bank said, with the 27% drop counted from […]

Las Vegas mayor’s proposed ‘gamble’ for reopening economy denounced by county commissioner

Mayor Carolyn Goodman has taken heat for offering workers as virtual lab rats. April 28, 2020, 5:18 AM 8 min read 8 min read Share to FacebookShare to TwitterEmail this article Saying that Las Vegas casinos, hotels and businesses will only reopen when scientific data says it’s no longer a gamble with people’s lives, a […]

Trump vows ‘major’ steps to aid U.S. economy amid coronavirus rise

WASHINGTON (Reuters) – U.S. President Donald Trump on Monday said he will be taking “major” steps to gird the economy against the impact of a spreading coronavirus outbreak and will discuss a payroll tax cut with congressional Republicans on Tuesday. “We’ll be discussing a possible payroll tax cut or relief, substantial relief, very substantial relief, […]

Red flags on Canadian economy abound, but it might be too soon to sound the alarm

The Canadian economy is labouring. Statistics Canada on Dec. 23 reported that gross domestic product dropped 0.1 per cent in October, the first decline in eight months. Last week, it observed a drop in sales at retailers, wholesalers and factories. And the agency’s latest inflation report showed that the average of the Bank of Canada’s […]

Canadian economy faces a prolonged period of sluggish growth

Canada’s economy is shifting into a lower gear as some of the country’s growth drivers begin to lose steam. Statistics Canada will release third-quarter gross domestic product numbers Friday that will probably show a sharp drop in growth. According to the median forecast of economists in a Bloomberg survey, the country’s expansion slowed to a […]