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Coronavirus: Leading economist warns of 10 years of depression and debt

2020-05-22 23:17:00| BBC News | Business | UK Edition

Economist Nouriel Roubini - "Dr Doom" - has warned of a prolonged downturn and sluggish recovery.

Tags: years leading debt depression

 

Coronavirus: World Bank warns 60m at risk of 'extreme poverty'

2020-05-20 05:51:46| BBC News | Business | UK Edition

The financial impact of the coronavirus is hitting poor nations hard and destroying millions of livelihoods.

Tags: world bank risk extreme

 
 

Coronavirus: Shopping centre giant Intu warns of debt default risk

2020-05-18 11:01:20| BBC News | Business | UK Edition

Trafford Centre-owner Intu is asking lenders for breathing space as coronavirus hampers recovery.

Tags: shopping centre risk default

 

Fed chairman Powell warns downturn 'may last until late 2021'

2020-05-17 23:33:27| BBC News | Business | UK Edition

Federal Reserve Chairman Jerome Powell said a full rebound may not be possible until a vaccine is made.

Tags: late chairman fed powell

 

Petrofac Warns of Project Delays on COVID-19, Lower Oil Prices

2020-05-15 15:39:30| OGI

Petrofac Ltd. on May 15 warned of delays in new projects until 2021 due to coronavirus-induced supply chain disruptions and travel restrictions as well as lower oil prices and said it was taking steps to conserve cash.

Tags: project prices lower oil

 

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