The economic outlook of cities across the U.S. has been squeezed from business closures due to COVID-19 restrictions. New York City, Los Angeles and Chicago are already seeing record numbers of businesses permanently close their doors, with hundreds of…
Another widely disputed presidential election result in Belarus has led to mass protests against the Lukashenko government which are being described as the largest in the country’s history. In the five elections since his second round victory in 1994, …
Japanese GDP shrank by an annualized 27.8 percent in Q2 of 2020, marking the third consecutive quarter of negative growth and the biggest decline on record. In fact, the Japanese economy has been no stranger to recessions even before the coronavirus ou…
The U.S. and China resumed trade talks last week and are expected to evaluate how the Phase One agreement enacted in February has played out. Since then, the coronavirus pandemic has ravaged the world, making it hard especially for China, to stick to i…
Markets have rebounded significantly after a tumultuous two months of COVID-19 economic panic in March and April. While top indices like the S&P 500 are just starting to creep into positive territory for the year, large tech companies are sitting prett…
Federal pandemic unemployment benefits of $600 a week ended at the beginning of August, leaving many in the U.S. desperate for an extension or a new form of income. Despite pleas from Americans to extend the insurance due to continued job losses and bu…
The true picture of COVID-19’s economic impact is graually becoming clearer. Flash estimates for the Europe were released today by Eurostat and indicate that GDP in the EU sunk by 14.1 percent in the second quarter of 2020 when compared to last year. A…
According to the latest unemployment data released by the Department of Labor on Thursday, the number of Americans newly applying for unemployment benefits through state programs fell below one million for the first time since the pandemic hit the U.S….
As the coronavirus continues to ravage the United States and Major League Baseball’s return to play has been marred by positive tests from day 1, doubts over the upcoming football season are bigger than ever. While the 2020 NFL season is still schedule…
As the coronavirus pandemic continues to wreak havoc on the U.S. economy, bankruptcies are on track to hit the highest level in at least 10 years according to figures compiled by S&P Global Market Intelligence. According to the analysis, which only inc…
