European Central Bank

China avoids Covid-19 recession with 3.2% growth in last quarter – business live | Business

Pedestrians in the Central Business District (CBD) in Beijing Photograph: Wang Zhao/AFP/Getty Images Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

4 mins read

UK car sales slump as 2,000 workers lose their jobs in Covid-19 crisis – business live | Business

Good morning, and welcome to our live, rolling coverage of business, economics and financial markets. Every aspect of the car industry has been hit hard by the pandemic, with showrooms lying idle

2 mins read

How coronavirus almost brought down the global financial system | Business

In the third week of March, while most of our minds were fixed on surging coronavirus death rates and the apocalyptic scenes in hospital wards, global financial markets came as close to

50 mins read

EU strikes €500bn relief deal for countries hit hardest by pandemic | Business

A messy compromise to unlock €500bn (£438bn) of EU support for countries hit hardest by the coronavirus pandemic has been struck after Italy’s prime minister, Giuseppe Conte, warned that the existence of

6 mins read