Economy – Page 98 – THE OVAL CIRCLE

‘Nothing attractive’: Warren Buffett’s Berkshire sells ALL stakes in US airlines, reports $50bn Q1 loss amid Covid-19 shutdown

Posted on May 3, 2020May 3, 2020By Editor

With Berkshire Hathaway Inc reporting a record quarterly loss of nearly $50bn amid the economic fallout from the Covid-19 pandemic, Warren Buffett remains optimistic that in the long run, “nothing can stop America.” … Read More >‘Nothing attractive’: Warren Buffett’s Berkshire sells ALL stakes in US airlines, reports $50bn Q1 loss amid Covid-19 shutdown

USA

That’s one way to encourage social distancing! MURDER HORNETS arrive in US in the middle of Covid-19 pandemic

Posted on May 3, 2020May 3, 2020By Editor

Asian giant hornets (known as ‘murder hornets’) have shown up in the US for the first time, giving Americans a “refreshing” change of pace and something else to worry about other than the deadly Covid-19 pandemic … Read More >That’s one way to encourage social distancing! MURDER HORNETS arrive in US in the middle of Covid-19 pandemic

EU

Best-case scenario: German economy may need at least EIGHT YEARS to recover from Covid-19 recession, report says

Posted on May 2, 2020May 2, 2020By Editor

The German economy continues to contract, losing €15 billion ($16.6 billion) a week due to the recession caused by Covid-19, a new report has said. It warned that it will take at least eight years for the country to recover. … Read More >Best-case scenario: German economy may need at least EIGHT YEARS to recover from Covid-19 recession, report says

Shows

CrossTalk on the economy, QUARANTINE EDITION: Business as usual?

Posted on May 1, 2020May 1, 2020By Editor

As countries start to end lockdowns, it is time to assess the economic damage left in the wake of the pandemic. Is there too much or too little government involvement? Can there be a return to business as usual? … Read More >CrossTalk on the economy, QUARANTINE EDITION: Business as usual?

US unemployment soars to over 30 MILLION as coronavirus pandemic wrecks economy

Posted on April 30, 2020April 30, 2020By Editor

First-time filings for unemployment insurance hit 3.84 million in the week ending April 25, the US Labor Department announced on Thursday. … Read More >US unemployment soars to over 30 MILLION as coronavirus pandemic wrecks economy

Coronavirus to shrink Russian economy by over 5% this year – Moody’s

Posted on April 29, 2020April 29, 2020By Editor

International rating agency Moody’s expects Russia’s gross domestic product (GDP) to drop by 5.5 percent in 2020 as the pandemic has resulted in the near-shutdown of the global economy. … Read More >Coronavirus to shrink Russian economy by over 5% this year – Moody’s

US economy dives to start year amid business shutdown & worst is yet to come

Posted on April 29, 2020April 29, 2020By Editor

US gross domestic product (GDP) fell 4.8 percent in the first quarter of 2020 amid the coronavirus pandemic lockdown, according to data released by the Department of Commerce on Wednesday. … Read More >US economy dives to start year amid business shutdown & worst is yet to come

Covid-19 may plunge Germany into worst recession since WWII

Posted on April 29, 2020April 29, 2020By Editor

Europe’s leading economy, Germany, is bracing for a painful fallout from the coronavirus crisis that is likely to result in the country’s deepest recession in the post-war era. … Read More >Covid-19 may plunge Germany into worst recession since WWII

Federal Reserve’s actions led to ‘total bust’ of US economy, chief strategist tells RT’s Boom Bust

Posted on April 29, 2020April 29, 2020By Editor

The US Central Bank said this week that it will widen the number of local governments from which it will buy debt through a forthcoming lending program. More than 200 municipalities will be allowed to participate. … Read More >Federal Reserve’s actions led to ‘total bust’ of US economy, chief strategist tells RT’s Boom Bust

World

Trudeau Says Over 44,000 Canadian Businesses Apply in One Day for COVID-19 Wage Subsidy

Posted on April 28, 2020April 28, 2020By Editor

At least 44,000 Canadian businesses hit by the novel coronavirus (COVID-19) pandemic have applied for the Canada Emergency Wage Subsidy (CEWS) since it was rolled out on Monday, Prime Minister Justin Trudeau told reporters on Tuesday. … Read More >Trudeau Says Over 44,000 Canadian Businesses Apply in One Day for COVID-19 Wage Subsidy