The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

Reeling world economy slammed by dangerous disinflationary shock

NEW YORK (BLOOMBERG) – The sinking global economy is suffering through a colossal disinflationary shock that could briefly push it into dangerous deflation territory for the first time in decades. With many national economies all but shutting down in an effort to contain the coronavirus, prices on everything from oil and copper to hotel rooms and restaurant take-out are tumbling. […]

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Firms rush to be ready for 1-month closure of workplaces

As Singapore puts in place a “circuit breaker” to fight a new wave of coronavirus infections, many businesses are scrambling to make preparations ahead of tomorrow’s closure of workplaces for one month, except for key economic sectors and essential services, while some firms are planning to file applications to continue operating at their premises. Some companies began making preparations for […]

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UPDATE 2-Brazil's lawmakers pass 'war budget' as coronavirus cases surpass 10,000

(Updates death toll and confirmed cases, adds economy minister’s comments on measures to release credit and boost economy) By Gabriela Mello SAO PAULO, April 4 (Reuters) – Brazil’s lower house of Congress approved a constitutional amendment for a “war budget” to separate coronavirus-related spending from the government’s main budget and shield the economy as the country surpassed 10,000 confirmed cases. […]

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UPDATE 1-Hungary prepares $30 billion package to jump-start economy

* PM Orban to announce big package on Monday * Central bank to unveil more substantial steps * Separate fund to handle virus crisis By Marton Dunai BUDAPEST, April 4 (Reuters) – Hungary is preparing to announce a roughly $30 billion package of measures to help jump-start the economy amid the coronavirus outbreak, a top government official said on Saturday. […]

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Finding a job during a pandemic is not easy, but still possible

With a staggering number of Canadians being laid off during the COVID-19 outbreak, people who have been looking for work are finding it especially challenging. Kareen Emery is vice-president of the recruiting firm Monster Canada, which focuses on employment trends. She says the impacts that previous recessions have had don’t even come close to what is being seen now during […]

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GM reduces loan refinancing target, may pay up for new debt

NEW YORK, April 3 (LPC) – General Motors Co (GM) will seek to extend maturities on US$6bn in revolving loans rather than refinance a US$16.5bn credit facility following discussions with its bank group during an unprecedented health crisis in the US. The company originally went out to its JP Morgan and Citigroup-led bank group in early March requesting to push […]

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