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JP Morgan sets aside $8.3bn to cover Covid-19 losses

Wall Street bank earmarks sum to cover credit cards and oil and gas sector losses

IMF has no experience of recession arriving with such ferocity

Recovery will take some time as countries will exit Covid-19 lockdown only gradually

‘Great Lockdown’ to rival Great Depression with 3% hit to global economy, says IMF

Latest World Economic Outlook describes shock of coronavirus pandemic as ‘like no other’

The Guardian view on poorer nations and Covid-19: the G20 must act

Editorial: Debt relief and massive economic support are needed in Africa, as developing nations cope with health and economic emergencies

Pressure grows for developing world debt relief over coronavirus

More than 60 poorer countries are spending more paying creditors than on health – study

‘I owe them my life’ – Boris Johnson pays tribute to NHS staff – as it happened

US death toll becomes the highest in the world; Italy and India extend lockdown

Coronavirus crisis demands that the G20 give debt relief to sub-Saharan Africa

With the IMF and World Bank spring conference approaching, research underlines need to bail out world’s poorest countries

Blindsided: how coronavirus felled the global economy in 100 days

A singular event has economists asking the same questions as everyone else: how far is there to fall – and can we ever get back?

IMF chief flags up grim global economic forecast

Kristalina Georgieva says Covid-19 pandemic has spawned ‘economic crisis like no other’

Coronavirus could push half a billion people into poverty, Oxfam warns

Nearly half of all jobs in Africa could be lost without urgent action, says charity

Fashion industry reels as coronavirus shuts shops and cancels orders

Report warns 80% of firms face a highly uncertain future if stores close for two months

Global investors clamour for safe haven in UK government bonds

Flight from stock markets helps Treasury complete first part of scheme to bolster spending with at least £45bn extra this month

Donald Trump ‘lost $1bn in a month’ from coronavirus lockdown

Stock market crash strips billionaire status from 267 of world’s richest people in the annual list

The global stock market rally feels fragile

Shares have bounced back but it’s too soon to call the bottom for prices in the Covid-19 pandemic

Global leaders urge G20 to tackle twin health and economic crises

Letter calls for $8bn emergency health fund to help prevent second wave of coronavirus

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  • UK house prices flat in June, says Nationwide; higher energy bills cap kicks in – business live
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  • ‘Complicated and expensive’: Burnham is right about the risks of nationalisation
  • Energy price cap rise ‘will push millions in Great Britain into fuel poverty’
  • Northern Rail Project risks repeating costly HS2 failures, MPs warn
  • UK poll highlights fears about access to emergency contraception
  • 1 July changes: minimum wage rises, payday super, parental leave tweaks and everything else coming for 2026–27
  • NPR retracts ‘inaccurate’ story saying supreme court justice Samuel Alito retiring
  • Shetland councillors back plans to build tunnels to link some of largest islands
  • US treasury secretary warns oil and gas companies to lower prices: ‘We’re watching’
  • UK disposable incomes squeezed by price rises and tax changes
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  • Telegraph’s £575m takeover by German group completed
  • Nigel Farage received £270,000 from gold marketer he promotes
  • UK government ‘minded to intervene’ in Paramount’s takeover of Warner Bros Discovery – as it happened
  • UK watchdog plans to break Apple and Google’s ‘effective duopoly’ on mobile app stores
  • Trains disrupted on UK’s busiest intercity line as cows wander on to tracks
  • Number of billionaires globally soars by 13% amid AI shares boom
  • Hospitality VAT cut: can it help the sector and at what cost to UK taxpayer?
  • UK ‘minded’ to intervene in Paramount’s $110bn takeover of Warner Bros Discovery
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  • Doubt that Elon Musk ‘earned’ his trillion? Rightwing media says you’re in an ‘impotent envy cult’
  • Sainsbury’s chief says grocery inflation not as bad as feared so far
  • Nearly 25% of UK pubs and restaurants lose money, research shows
  • Cost to rewire Great Britain’s electricity network could reach £90bn in 2030s
  • I’m paying £450 a month for a Peugeot EV I can’t drive
  • Millions of Britons urged to submit meter readings before energy price cap rises on Wednesday
  • Brompton sells stakes to Decathlon and Chinese Labubu backer
  • ‘Commanding heights of the economy’: the postwar blueprint that inspires Burnham

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