Cyril Ramaphosa said the worst is still ahead while announcing an ease in lockdown measures.

Britain’s GDP has already suffered a larger slump than Sweden’s this year, with only one week of lockdown included in the figures so far.

Japan dived into its first recession since 2015, according to official data Monday, with the world’s third-largest economy shrinking by 0.9 percent in the first quarter as it wrestles with the fallout from the coronavirus. The drop in gross domestic product followed a 1.9-percent decline in the fourth quarter of 2019 as a tax hike […]

Before the lockdown local authorities bought shopping centres and office blocks to make up for lost money after government cuts. Most of these shops and offices are closed now.

(Bloomberg) — ABN Amro Bank NV’s new chief executive officer will review the bank’s strategy after the Dutch lender posted its first loss since 2013 and set aside almost twice as much as expected to cover for future loan losses.The made 1.1 billion euros ($1.2 billion) of provisions to account for loans going bad and […]

Vice President Mike Pence says the cornavirus task force could end in early June. Why?

History shows how lethal disease pandemics have a habit of seeming to shrink away – but then returning suddenly in subsequent waves. Chillingly, these latter waves can prove far deadlier.

A Facebook post claims a second wave of the Spanish flu killed 20 million to 50 million people, several times the first wave. That is partly false.

Collapsing oil prices may be a warning sign of what is yet to come for the economy, says one energy expert.

The U.S. economy actually lost jobs on Friday, after a decade of gains, and the employment situation will likely only get bleaker as the nation remains closed for business to stem the spread of the deadly new coronavirus.