Eurozone in fresh emergency action to boost economy

Image copyright AFP The European Central Bank has taken further dramatic measures try to boost the eurozone economies, amid their biggest recession since World War Two. Just months after emergency measures, the central bank said it would increase the size of its bond buying programme by €600bn (£546bn) to €1.35tn. The programme will run until June 2021, six months longer… Read more →

Louis Vuitton casts doubt over $16bn Tiffany takeover

Image copyright Donaldson Collection Image caption The 1961 film Breakfast at Tiffany’s film, starring Audrey Hepburn, made the store famous The world’s biggest luxury goods firm, LVMH, has cast doubt over its planned $16bn (£12.5bn) takeover of US-based jeweller Tiffany. LVMH agreed to acquire Tiffany last November, but coronavirus-induced turmoil on financial markets has overshadowed the deal. After days of… Read more →

Coronavirus: Lookers to cut 1,500 jobs and close car dealerships

Image copyright Lookers Image caption Lookers has implemented safety measures including deep cleaning vehicles as it reopened its showrooms Car dealership Lookers has announced it will cut up to 1,500 jobs as it plans to close more of its sites in the UK. The company reopened its car showrooms on Monday after the government lifted coronavirus lockdown restrictions. Lookers had… Read more →

India coronavirus: Recession looms as economy reopens

Image copyright Getty Images Image caption Production costs have soared with social distancing, screens and PPE suits in workplaces India is gradually unlocking its economy after a shutdown that lasted more than two months. But it’s unlikely to be business as usual for millions of retailers, small enterprises and factories, writes the BBC’s Nikhil Inamdar. By all accounts, reversing the… Read more →

George Floyd: What has Trump done for black jobs, poverty and crime?

Image copyright Getty Images Image caption President Trump is looking to pick up black votes in the 2020 election As protests continue across the US over the death of an African-American man, George Floyd, President Donald Trump has said he’s done “more for the black community than any president since Abraham Lincoln”. He tweeted that he had delivered the lowest… Read more →