The Bank of England has revealed that its flagship lending scheme aimed at supporting UK Small and Medium Enterprises through the coronavirus crisis will be made available from April 15, which is earlier than anticipated.
April 6,2020
The Chancellor of the Exchequer Rishi Sunak has announced further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies.
April 3,2020
New U.S. welfare claims rose by a record clip last week, according to Department of Labor figures, which puts the world's largest economy on course for a double-digit unemployment rate and huge falls in GDP up ahead.
April 2,2020
Economists at Bank of America Merrill Lynch (BofA) have advised clients they have yet again had to slash their forecasts for the global economy, blaming "the lack of an effective policy response to control the spread of the virus in developed markets and some emerging markets," for the move.
April 2,2020
The labour market is crumbling as coronavirus containment efforts drive a sharp spike in job losses that could have lifted the unemployment rate as much as three percentage points over the last fortnight, to its highest since June 2014.
April 14,2020
A widely watched and highly influential Institute for Supply Management (ISM) survey of the U.S. manufacturing sector offered up fool's gold to investors on Wednesday just ahead of an oil inventories disclosure that appeared to paint a bleak picture of the economic outlook.
April 1,2020
Bank of America Merrill Lynch (BofA Global Research) have updated their proprietary consumer survey to take advantage of its real time nature and gauge the hit to the UK economy of the unprecedented lockdown, which the Cebr says could result in a 15% slump in quarterly GDP.
April 1,2020
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