Former US treasury secretary Larry Summers said central banks are going to become "less relevant".
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US unemployment sees surprise improvement in May
The unemployment rate fell to 13.3% in May, despite the economic damage caused by the coronavirus.
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US unemployment sees surprise improvement in May
The unemployment rate fell to 13.3% in May, despite the economic damage caused by the coronavirus.
Eurozone in fresh emergency action to boost economy
The central bank will increase the size of its bond buying programme by €600bn (£546bn) to €1.35tn.
German families get €300 per child to revive economy
The one-off payment is part of a series of measures to boost an economy hit by the coronavirus crisis.
Bank boss tells lenders to be ready for no-deal risk
The central bank said the advice was part of its regular weekly call with lenders.
UK faces 1980s-levels of jobless - ex-chancellors
George Osborne, Alistair Darling and Philip Hammond were quizzed by MPs on the economic hit of coronavirus.
Australia set for first recession in three decades
Official figures show the economy contracted even before the full impact of the virus pandemic.
US challenges 'unfair' tech taxes in the UK and EU
The investigation will look at plans for new digital taxes in 10 jurisdictions, including the UK.
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US unemployment sees surprise improvement in May
The unemployment rate fell to 13.3% in May, despite the economic damage caused by the coronavirus.
Eurozone in fresh emergency action to boost economy
The central bank will increase the size of its bond buying programme by €600bn (£546bn) to €1.35tn.
German families get €300 per child to revive economy
The one-off payment is part of a series of measures to boost an economy hit by the coronavirus crisis.
Bank boss tells lenders to be ready for no-deal risk
The central bank said the advice was part of its regular weekly call with lenders.
UK faces 1980s-levels of jobless - ex-chancellors
George Osborne, Alistair Darling and Philip Hammond were quizzed by MPs on the economic hit of coronavirus.
Australia set for first recession in three decades
Official figures show the economy contracted even before the full impact of the virus pandemic.
US challenges 'unfair' tech taxes in the UK and EU
The investigation will look at plans for new digital taxes in 10 jurisdictions, including the UK.
Eurozone in fresh emergency action to boost economy
The central bank will increase the size of its bond buying programme by €600bn (£546bn) to €1.35tn.
German families get €300 per child to revive economy
The one-off payment is part of a series of measures to boost an economy hit by the coronavirus crisis.
Bank boss tells lenders to be ready for no-deal risk
The central bank said the advice was part of its regular weekly call with lenders.
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Pedro Garcia
Business reporter, Lisbon
Luis Onofre's luxury shoes are sold worldwide, and Michelle Obama and Paris Hilton are fans.
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A report suggests activity improved last month but Scotland still saw the smallest recovery of any UK area.
Read moreTrading surges at the Johannesburg Stock Exchange despite lockdown
Africa's biggest financial market was ready for staff and traders working remotely, because it had tested its system before the Covid 19 restrictions were imposed by the government. Foreign investors took the exit door, but a requirement for local fund managers to keep a portion of their holdings in South African assets kept the market busy. Leila Fourie, the Chief Executive of the Johannesburg Stock Exchange, tells the BBC's Russell foreign investors will take a positive view of South Africa, because they can get a better return there, than Europe or the US. (Picture: Johannesburg Stock Exchange. Copyright Reuters.)
Dharshini David
Global trade correspondent
World Bank President David Malpass says billions of people will have their livelihoods affected.
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George Bowden
BBC News
An army of staff moved into Britain's hotels during lockdown, but what comes next is anyone's guess.
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Mark Drakeford has rejected claims by campaigners that Julie James breached the ministerial code.
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John Campbell
BBC News NI Economics & Business Editor
A leading NI hotelier is concerned about how the two metres social distance rules will impact the industry.
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Ione Wells
BBC News
Businesses offering outdoor activities may "disappear off the map" without more support, an MP says.
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Kevin Peachey
Personal finance reporter
Property buyers and renters are on the search for outdoor space after lockdown, research suggests.
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