Economy – Page 97 – THE OVAL CIRCLE

Class divide: Nearly TWO-THIRDS of British working class unable to do jobs from home amid Covid-19 crisis, new data reveals

Posted on May 14, 2020May 14, 2020By Editor

New research suggests that the Covid-19 pandemic is exposing the class divide in the UK with almost two-thirds of British working class households unable to do their jobs from home, compared to under 30 percent of middle classes. … Read More >Class divide: Nearly TWO-THIRDS of British working class unable to do jobs from home amid Covid-19 crisis, new data reveals

Op-ed

The US’ Covid-19 death toll is soaring, but it keeps wasting billions on overseas military ops. Is that what taxpayers want?

Posted on May 14, 2020May 14, 2020By Editor

As the bodies rack up and the economy goes into freefall, the US continues to spend a fortune on its military. It’s time the public asked whether the money could be used more wisely. … Read More >The US’ Covid-19 death toll is soaring, but it keeps wasting billions on overseas military ops. Is that what taxpayers want?

Shows

Grocery prices hit 50-year high! Inflation around the corner

Posted on May 14, 2020May 14, 2020By Editor

Rick Sanchez discusses the economic impact of the COVID-19 pandemic. Grocery prices are skyrocketing and up to 40 percent of lost jobs aren’t expected to return. Meanwhile, Washington may spend as much as $8 trillion in stimulus. … Read More >Grocery prices hit 50-year high! Inflation around the corner

Business

British economy posts worst quarter since 2008 financial crisis & that’s before full impact of coronavirus is known

Posted on May 13, 2020May 13, 2020By Editor

UK gross domestic product (GDP) fell two percent in the first three month of the year, according to data from the Office for National Statistics, signaling the first direct impact of Covid-19 on the economy. … Read More >British economy posts worst quarter since 2008 financial crisis & that’s before full impact of coronavirus is known

Business

US Runs Record $738 Billion Deficit in April Amid Coronavirus Pandemic

Posted on May 12, 2020May 12, 2020By Editor

The United States accumulated a record $738 billion deficit in the month of April amid the ongoing novel coronavirus (COVID-19) pandemic, the Treasury Department revealed in a report on Tuesday. … Read More >US Runs Record $738 Billion Deficit in April Amid Coronavirus Pandemic

Business

Norway dipping into its massive piggy bank to battle Covid-19 crisis

Posted on May 12, 2020May 12, 2020By Editor

Norway is set to withdraw $41 billion from its sovereign wealth fund to cushion the blow to the economy from the coronavirus crisis that has resulted in falling oil prices and the highest unemployment in the country in 75 years. … Read More >Norway dipping into its massive piggy bank to battle Covid-19 crisis

Business

Britain may face worst economic slump since 1706, Bank of England warns

Posted on May 7, 2020May 7, 2020By Editor

The coronavirus pandemic is set to plunge the British economy into one of the deepest recessions ever, shaving 14 percent off the country’s gross domestic product, according to a Bank of England forecast. … Read More >Britain may face worst economic slump since 1706, Bank of England warns

Business

US unemployment hits 33.5 MILLION, marking worst economic downturn since Great Depression

Posted on May 7, 2020May 7, 2020By Editor

Another three million Americans have filed for unemployment benefits during the week ending May 2, which brings the total claims over the seven weeks of the Covid-19 lockdown to over 33 million. … Read More >US unemployment hits 33.5 MILLION, marking worst economic downturn since Great Depression

Business

China’s exports return to growth in April, but imports tumble

Posted on May 7, 2020May 7, 2020By Editor

China says that its exports rebounded last month, beating most expectations of a sharp decline. However, the drop in the country’s imports accelerated as the coronavirus continues to crush demand. … Read More >China’s exports return to growth in April, but imports tumble

Business

Chinese tourists made 115 million trips during the May Day holiday. While short of last year’s figures, the hard-hit tourism industry could be slowly rebounding after the Covid-19 crisis.

Posted on May 7, 2020May 7, 2020By Editor

Chinese tourists made 115 million trips during the May Day holiday. While short of last year’s figures, the hard-hit tourism industry could be slowly rebounding after the Covid-19 crisis. … Read More >Chinese tourists made 115 million trips during the May Day holiday. While short of last year’s figures, the hard-hit tourism industry could be slowly rebounding after the Covid-19 crisis.

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