Global economy

UK to plunge into deepest slump on record with worst fall in GDP among G7 | Business

Britain’s economy will be officially declared in recession this week for the first time since the 2008 financial crisis, as the coronavirus outbreak plunges the country into the deepest slump on record.

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Chancellor Rishi Sunak says furlough extension would ‘trap’ workers – business live | Business

12.12pm BST12:12 Goldman Sachs has lowered its quarterly net earnings figure to $197m, compared to the $2.25bn previously reported, as it took account of the massive settlement related to alleged wrongdoing in

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‘Asian century’ marks end of US-led global system, warns EU chief | European Union

The Asian century may have arrived marking the end of a US-led global system, Josep Borrell, the EU foreign affairs chief, told a group of German diplomats on Monday amid a growing

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