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Eurozone economic forecasts slashed as fresh lockdowns imposed

Fresh lockdowns announced across Europe in recent days to contain the resurgence of the coronavirus pandemic have triggered a flurry of downgrades to economic growth forecasts as restrictions on activity threaten the continent’s recovery. The eurozone economy is now expected to shrink by 2.3 per cent in the fourth quarter

US shatters daily record for new Covid-19 cases

US coronavirus cases increased by 97,000 on Friday, by far the largest one-day jump since the start of the pandemic, with Midwestern states leading a wave of infections, hospitalisations and deaths across the country just days before the presidential election.  The sharp increase, which beat Thursday’s record of 88,400, took the

Google ad sales bounce back sharply from pandemic slump

Google’s advertising business staged a stronger than expected rebound from its coronavirus slump in the latest quarter, boosting revenue and earnings of parent Alphabet above most analysts’ expectations and sending the shares 9 per cent higher in after-market trading. Coming just days after the search group was hit with a

Germany and France impose curbs to slow Covid-19 spread

European countries are poised to tighten coronavirus crisis restrictions as soaring infection rates stoke alarm across the continent, sending stocks to their lowest level since May. Angela Merkel, Germany’s chancellor, was due to hold talks on Wednesday with premiers of the country’s 16 states about proposed new curbs, while France’s president

US business groups call for patience over election result

Corporate America’s most powerful lobby groups have called for patience as votes are counted in next week’s election, hours after President Donald Trump said it would be “totally inappropriate” if ballots were still being tallied after election day. The US Chamber of Commerce, the Business Roundtable and six other groups

Italy and Spain introduce sweeping new pandemic measures

The Italian government is expected to introduce the harshest public health restrictions since the end of its first national lockdown in May as new coronavirus cases hit a fresh daily record on Saturday. A draft government decree leaked to multiple Italian media outlets on Saturday suggested that Giuseppe Conte, prime minister,

Covid surge hangs over US election in closing days

US states were grappling with surges in coronavirus cases that threatened to overwhelm hospitals as Donald Trump and Joe Biden staged competing campaign rallies on Saturday with just 10 days to go until the presidential election. Mr Trump was due to visit three battleground states — North Carolina, Ohio and Wisconsin