No matching items found
A media poll of economists had pointed to a monthly fall of 1.0% and an annual rise of 2.8%. File poto
Britain's house prices fell by the most in more than 11 years in May as the coronavirus crisis hammered the market, mortgage lender Nationwide said on Tuesday.
Nationwide said its measure of house prices fell by 1.7% last month from April, the biggest decline since February 2009.
Dubai Chamber members trading in Asian markets remain resilient
Automobile industry in India may take six years to recover
In annual terms, prices rose by 1.8%, slowing from 3.7% in April.
A Reuters poll of economists had pointed to a monthly fall of 1.0% and an annual rise of 2.8%.
Infections have been reported in 210 countries since the first cases were identified in China in December last year and British aid minister Anne-Marie Trevelyan said assisting the poorest nations now would help prevent the virus returning to the United Kingdom.
With a total of 75,011 deaths from 909,673 infections, Europe is the hardest-hit continent in the COVID-19 pandemic, which has killed at least 109,133 people worldwide. Europe's most affected country is Italy with 19,468 deaths, followed by Spain with 16,972, France with 13,832 and Britain with 9,875.
Governments around the world are struggling to limit the economic devastation unleashed by the virus, which has infected nearly 2.8 million people and left half of humanity under some form of lockdown.
The United Kingdom left the bloc at the end of January, but EU law still applies until the end of a post-Brexit transition period, and would normally restrict state subsidies.
The US economy grew at a record pace in the third quarter as the government injected more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.
Aircraft manufacturers are hit by the devastating impact of the coronavirus pandemic on the aviation industry. The number of global commercial aircraft orders was zero during the month of September.
Peugeot manufacturer PSA Group returned to revenue growth in its core autos division in the third quarter, recovering from a slump during coronavirus lockdowns, though the prospect of new restrictions hit French shares.
The Bank of Japan (BOJ) trimmed its economic growth and inflation forecasts for the current fiscal year (2020-21) on Thursday but offered a more upbeat view on the recovery outlook, signalling that it has delivered enough stimulus for the time being.