Category : Search result: coronavirus recession


UK Gilt Yields Hit 27-Year High in Market Meltdown

UK financial markets face a severe stress test as long-term government borrowing costs surge to levels not seen since 1998. The gilt sell-off, driven by stubborn inflation data and hawkish central bank fears, triggers a flight to safety, sending gold and

FDA OKs Updated COVID Vaccines for Pharmacy Rollout

The US FDA has authorised updated COVID-19 vaccines from Pfizer and Moderna for emergency use. Major pharmacies like CVS and Walgreens are preparing to roll out the new shots targeting recent variants.

Think Tank Demands Urgent Reform of Bank of England

A major economic think tank, IPPR, has launched a scathing report demanding a radical overhaul of the Bank of England's mandate. The proposed reforms aim to prioritise economic growth, green investment, and regional equality, challenging the Bank's curren

UK Economy Stalls as GDP Flatlines in April

The UK's economic growth ground to a halt in April with 0.0% GDP growth, dashing hopes for a swift recovery. Key figures like Sir Richard Branson and Jo Malone voice concerns over political instability hindering business momentum.

Trump's 'Stratus' COVID Variant Claim Exposed as Hoax

Former President Donald Trump faces ridicule after promoting a debunked 'Stratus' COVID variant and falsely claiming credit for vaccine development during a rally, as experts and fact-checkers swiftly correct the misinformation.

Long Covid Linked to Parkinson's and Stroke in UK Study

Groundbreaking research from the UK reveals Long Covid may trigger severe neurological conditions, including Parkinson's-like symptoms and strokes, prompting urgent calls for enhanced patient monitoring and treatment strategies.

2008 Recession-Era Restaurant Deals Make Worrying Comeback

Iconic money-saving deals from the 2008 financial crash, like 'Gourmet Burger Kitchen's' 'Two for Ten' and 'Strada's' £5 pizza, are reappearing on high streets. Economists warn this trend is a classic harbinger of an economic downturn as consumers tighten

UK Private Sector Growth Hits Nine-Month High

In a major boost for the UK economy, a key business survey reveals the fastest growth in private sector output in nine months. Driven by strong demand in the dominant services sector, the S&P Global/CIPS flash PMI surged to 53.3, signalling robust expansi

New Zealand Enters Recession as GDP Contracts Again

New Zealand's economy has officially entered a recession, with GDP contracting 0.1% in the last quarter of 2023. High interest rates and inflation are blamed for the downturn, marking a challenging start for the new coalition government.

UK COVID Hospitalisations Surge 24% in a Week

Exclusive: New data reveals a sharp rise in UK COVID-19 hospital admissions and cases, driven by the FLiRT variants, putting fresh strain on NHS services ahead of winter.

Bank of England cuts rates to 0.1% in emergency move

The Bank of England has slashed interest rates to a historic low of 0.1% in an emergency response to the economic fallout from the coronavirus pandemic. Find out what this means for savers, borrowers, and the UK economy.

WHO Covid Envoy Dr David Nabarro Dies at 74

Dr David Nabarro, the World Health Organisation's special envoy for Covid-19, has passed away at 74. Colleagues and leaders worldwide honour his legacy in global health.

Fed warns of potential Great Depression-level recession

The US Federal Reserve has issued a stark warning about the possibility of a severe economic downturn, drawing parallels to the Great Depression. Experts weigh in on the risks and potential policy responses.

Shapps claims UK "not in recession" despite data

Defence Secretary Grant Shapps faces backlash after controversially declaring the UK is 'out of recession', despite official data showing economic contraction. Labour slams remarks as 'delusional'.

UK economy shows unexpected November growth

The UK economy defied expectations with unexpected growth in November, easing recession concerns. Experts weigh in on the latest ONS and Bank of England data.

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