The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession.
Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new study of 900 top firms has estimated.
Around one fifth of German companies (21%) believe their survival is threatened by the coronavirus crisis, Germany’s Ifo institute said on Monday, with travel agents, hotels and restaurants particularly concerned.
Global stock markets have fallen amid fears that an uptick in coronavirus cases could cause more economic damage.
The economic downturn in the US triggered by the pandemic has been officially declared a recession.
A further 3.2 million Americans sought unemployment benefits last week as the economic toll from the coronavirus pandemic continued to mount.
Frontier Airlines has said it will end a plan to charge passengers $39 (£31) per flight to ensure an empty middle seat during the Covid-19 crisis, following sharp criticism from Democratic lawmakers.
U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses las
Having thousands of bank workers in big, expensive city offices "may be a thing of the past", Barclays boss Jes Staley has said.
Russia's unmanned Luna-25 spacecraft has crashed into the Moon after spinning out of control, officials say.
Donald Trump has confirmed that he will not take part in Republican presidential debates with his rivals in the race for the White House.