(Bloomberg) — The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global market rout in the period.Japan’s Government Pension Investment Fund lost 11%, or 17.7 trillion yen ($164.7 billion), in the three months ended March, it said in Tokyo on Friday. The decline in value was the s […]
Rolling coverage of the latest economic and financial newsLatest: Just 9,300 UK mortgages approved in MayMortgages approvals down 90% (!) since FebruaryEconomists: Lenders and borrowers both nervousEarlier:World stock markets have hit a two-week lowCoronavirus – latest updatesSee all our coronavirus coverage 1.26pm BST With mortgage lenders getting more caut […]
Airbus is assuming a 40% drop in production over the next two years due to the coronavirus crisis, chief executive Guillaume Faury was quoted on Monday as saying. “For the next two years – 2020/21 – we assume that production and deliveries will be 40% lower than originally planned,” Faury said.
Cuba seems to have the pandemic under control, but its already dismal economy is set to weaken further. Supply shortages are becoming more acute; plummeting foreign remittances and a lack of tourism aren’t helping.
There would have been a World Series rematch July 4 in the national’s capital if not for the coronavirus pandemic
The We’re Going On A Bear Hunt author spent nearly seven weeks on a ventilator while he had Covid-19.
As the coronavirus keeps spreading, employers are convinced remote work has a bright future. Decades of setbacks suggest otherwise.
From Kenya to Nigeria, South Africa to Rwanda, the pandemic is decimating the livelihoods of the once-stable workers who were helping to drive Africa’s economic expansion.
Mumbai extends lockdown as India records 19,459 new cases; China’s military approves vaccine for use on its soldiers; Ireland reopens pubs, gyms and hairdressers; global deaths exceed 500,000Global report: Covid-19 deaths pass half a millionUS health secretary says ‘window closing’ to stop virusNew Zealand’s isolation facilities under ‘extreme stress’See all […]
Jangat Pico, a member of the Orang Rimba indigenous people who live on Indonesia’s Sumatra island, was reluctant to say the name of the new coronavirus when he heard it for the first time.“In Orang Rimba custom, the name of a disease cannot be said aloud,” Pico, 24, said in a video call. “If we say (it), then that disease will come to us.”Superstitions aroun […]
Local shops are busy, and new ways of working could have huge long-term effects on the future of major British citiesCoronavirus – latest updatesSee all our coronavirus coverageIt’s not yet lunchtime but the queue outside Joe’s Bakery on Gloucester Road in Bristol’s northern suburbs is already growing. Five shoppers clutching canvas tote bags and rucksacks w […]
A map of confirmed COVID-19 cases and deaths around the world. The respiratory disease has spread rapidly across six continents and has killed thousands of people.
Airline sets ‘informal deadline’ of early July to finalise deal after slump in travel during coronavirus pandemicVirgin Atlantic is attempting to secure a privately funded rescue deal worth up to £900m by the end of this week as it fights to survive after the slump in international travel during the coronavirus pandemic.The airline is in talks with hedge fun […]
Iranian President Hassan Rouhani said on Sunday that his country is experiencing its toughest year because of US sanctions coupled with the Covid-19 pandemic.
Infections pass milestone; new Covid-19 clusters across world spark fear of second wave; Iran makes masks compulsory Australia considers new lockdown in MelbourneVictoria nurse tests positive as state reports jump of 41 casesUS cases pass 2.5mUS one-day case high as states delay reopeningSee all our coronavirus coverage 4.26pm BST Meanwhile, in UK football n […]
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