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Bank of England’s Haldane blasts ‘Chicken Licken’ pessimism; US payroll growth swells – business live | Business

The simplest explanation for the upside surprises to UK activity over recent months would be that lockdown measures have been released sooner and faster than expected. But the pace of release from lockdown in the UK has in fact been broadly in line with what the Bank had expected in May. The biggest surprise has […]

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The Red Bull heir, a crashed car and the scandal that angered Thailand

According to police, a trail of oil leaking from the sports car led investigators to the luxury home of one of Thailand’s wealthiest families, the co-owners of the Red Bull energy drink empire. Vorayuth was subsequently charged with five criminal counts, including speeding, hit-and-run, and reckless driving causing death, but the case stalled for years […]

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Lloyds, Shell report big losses as markets await German and US GDP – business live

US economy likely to have contracted at fastest pace since Great Depression 8.48am BST UK and European shares are a sea of red now. The FTSE 100 is down 0.8%, falling some 50 points to 6,081, dragged down by Lloyds Banking Group, which reported a much bigger than expected loss for the second quarter this […]

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Air travel expected to not recover before 2024

FRANKFURT — Global air travel is recovering more slowly than expected and will take until until 2024 to return to pre-pandemic levels, the trade association for the airline industry said Tuesday. The International Air Transport Association pushed back its prediction by one year due to the slow containment of the outbreak in the U.S. and […]

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‘Very discouraging’: Mexican business sentiment muted as USMCA launches under a cloud

A new trade pact between the U.S., Mexico and Canada begins on Wednesday with the top U.S. negotiator threatening litigation, investor distrust rife and supply chains tested by the COVID-19 pandemic. While U.S. president Donald Trump and his Mexican counterpart Andrés Manuel López Obrador plan to toast the USMCA at the White House, probably after […]

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One in 4 Alberta CEOs say they don’t know if their business can survive this crisis

CALGARY — One in four chief executives in Alberta are concerned their businesses might not survive the economic collapse triggered by COVID-19, according to a new survey. Alberta is the country’s largest oil and gas producing province and is widely expected to record the sharpest economic contraction and drop in employment this year, following the […]

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Coronavirus: Business leaders tell Trump testing is key to restarting economy during taskforce phone call, report says

Guaranteed widespread coronavirus testing is the key to restarting the United States workforce, industry leaders told President Donald Trump on Wednesday as part of a new phone-call led business council, reports say. Members on the call emphasised the importance of testing in the first meeting of Mr Trump’s new business council according to one person briefed on […]

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Coronavirus live news: Trump faces ‘biggest decision’ on curbs as WHO warns on second wave | World news

3.00am BST03:00 US cases surpass 500,000 The number of coronavirus cases in the US has now surpassed 500,000, according to the John Hopkins University global dashboard. 2.49am BST02:49 Ecuadorean President Lenin Moreno has announced the creation of a humanitarian assistance account that will be funded with contributions from companies and citizens to address the economic […]

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How do you restart an economy? Germany has a plan

Even as the novel coronavirus continues to spread around the world, European governments are starting to think about how to re-open factories, offices and schools while minimizing the chance of further outbreaks. Austria on Monday said it would gradually begin to reopen shops after Easter, becoming the first country in Europe to do so. Pressure […]

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Coronavirus live updates: Italy-wide lockdown comes into force

UK and US had worst days trading since 2008 GFC; Global cases near 110,000; Grand Princess passengers disembark. Follow the latest news. Cruise ship carrying at least 21 with coronavirus docks in California US pledges more testing as Trump hints at aid for workers Quarantined US congressman flew with Trump on Air Force One Global […]

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