Locking millions of people in their homes will cause a gigantic social shock; especially hits those who did not have financial reserves - announces the latest issue of the newspaper "Le Monde".more
The oil price will stay low for some time as supply exceeds demand and the current situation on global oil markets is reminiscent of the 1980s oil glut, former BP boss Lord John Browne said on Tuesday.more
French restaurants are at risk of death and should be opened as soon as possible - 17 well-known chefs associated in the College Culinaire de France association wrote to President Emmanuel Macron.more
The Bank of England (BoE) said today that British commercial banks should use their significant liquidity reserves to support the economy in fighting the effects of the coronavirus crisis. The bank announced that it would not enforce penalties for such practices.more
More than 40,000 people in the U.S. have been killed by the coronavirus since the outbreak began, according to Johns Hopkins University. Nearly 800,000 cases of COVID-19 have been reported in the U.S.more
Wholesale companies normally only deal with restaurants, food retailers and leisure attractions, but have now started to offer their products to individual shoppers, as a result of a dramatic decrease in demand from their usual clientele.more
The White House unveiled new guidelines for states and localities on lifting coronavirus-related restrictions on citizens and businesses, as President Trump looks to bring the nation's focus toward reigniting an economy battered by efforts to stop the spread of COVID-19.more
"The Chamber of Commerce and Industry of Ukraine estimates that the unemployment rate in Ukraine is 13.7-15.4%. This is the highest figure in the last 15 years," the President of the Chamber Hennadii Chyzhykov said.
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Seven out of ten companies are worried about their liquidity, yet in the approach to collecting debts at the time of coronavirus they more often declare forbearance towards their contractors than increasing restrictions - results from a study commissioned by the Register of Debtors BIG InfoMonitor.
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41 more people have died from Covid-19 in Ireland bringing the overall death toll to 406. 548 more cases of the coronavirus have also been diagnosed in the Republic. In addition, a further 284 cases of Covid-19 were confirmed from the backlog of tests at the laboratory in Germany.more
A forecast by the UK's tax and spending watchdog suggests the coronavirus crisis will have "serious implications" for the UK economy, Chancellor Rishi Sunak has said.more
The International Monetary Fund has today estimated that the global economy is likely to undergo a deepest collapse since the Great Depression of the 1930s following the 1929 stock market crash following a coronavirus pandemic.more
As a result of restrictions introduced due to coronavirus, the UK economy may shrink by 35% in the second quarter of this year, and the unemployment rate may rise to 10%. - assessed today the Office of Budgetary Responsibility (OBR).
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As a result of the coronavirus epidemic and the resulting restrictions, British GDP may fall by 25-30 percent in the second quarter of this year. - warned colleagues from the government Minister of Finance Rishi Sunak, revealed the Times.more
The Polish Aviation Group today informed the Condor airline about its withdrawal from the purchase of this company - said Katarzyna Majchrzak from the Polish Aviation Group.more
OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20%.more
The British Central Bank of England has announced that, due to the effects of the coronavirus pandemic, it agreed to temporarily finance state spending if the government could not get the money it needed immediately.more
Will we pay more than PLN 5 for the euro, franc and dollar soon, and will the pound approach the level of PLN 6? Financial experts note a significant decline in the value of the Polish currency.more
French Economy and Finance Minister Bruno Le Maire warned on Monday that the country will experience the worst recession since 1945, as a consequence of the impact of Covid-19.
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After the SARS-Cov-2 pandemic has ended, the most important changes are being prepared in the European Union, primarily from the perspective of Italy - says a political scientist from the University of Lodz prof. Przemysław Żurawski vel Grajewski.more
