Next to hotels, restaurants and culture, which are still suffering from the effects of social distancing, the export sector is probably the most exposed to the crisis, suffering from the
8.32am EDT 08:32 Oil rigs in Gulf of Mexico brace for hurricane In about 8,000 feet of water, Shell’s Perdido offshore drilling and production platform in the Gulf of Mexico
4.14am EDT 04:14 NatWest has rebranded to move away from the scandal-hit Royal Bank of Scotland name. Photograph: Bloomberg/Bloomberg via Getty Images Here are the full stories for two of
Moreover, the economy may be performing slightly better than what we’re seeing here. The PMIs have so far underestimated the scale of the rebound when compared to the official data.
4.17am EDT 04:17 NEWS FLASH: The International Energy Agency has raised its forecasts for oil demand in 2020 to 92.1 million barrels per day, which is a 400,000 bdp increase
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Anxiety over a possible second wave of Covid-19 infections is knocking
3.17am EDT 03:17 The Bank of England printing works, now De La Rue, in Debden Newly printed sheets of 5 notes are checked for printing mistakes. Photograph: David Levenson /
4.12am EDT 04:12 A quick note on one of the few economic data points being released today. Italian consumer prices for May contracted -0.2%, both on a month-on-month and annual
3.58am EDT 03:58 Almost an hour into trading and the mood on European stock exchanges is, if anything, bleaker. The FTSE 100 has lost 2.5% or 158 points to trade
Rolling coverage of the latest financial news, as investors await the Fed’s first economic forecasts since the pandemic took hold ‘It’s not capitalism’: why are global financial markets zooming up?