What you need to know today about the virus outbreak

What you need to know today about the virus outbreak

The U.S. unemployment rate rocketed to 14.7% in April, a level last seen during the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. It’s stark evidence of how the coronavirus has brought the economy to its knees.“It’s going...
UK economy forecast to shrink by most since 1706

UK economy forecast to shrink by most since 1706

LONDON (AP) — The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction since the Spanish War of Succession a little over three centuries ago as a result of the coronavirus pandemic, before roaring back next year.In what...