The economy enters recession for the first time since 1987 after the country's GDP declined by 12.2% between April and June, amid a nationwide lockdown and travel bans due to COVID-19. 2020-09-17
An additional 150 million children live in multidimensional poverty since the start of the COVID-19 pandemic earlier this year. The analysis by UNICEF and Save the Children is based on shortcomings in education, health, housing, nutrition, sanitation, and water. 2020-09-17
Japan suffers its biggest economic slump on record as its economy's GDP fell 7.8% in April-June quarter. 2020-08-17
The U.S. unemployment rate hits 14.7%, the highest since the Great Depression, mainly due to job losses from the COVID-19 pandemic. 2020-05-8
The Walt Disney Company reports it is entering a US$5 billion unsecured credit agreement, possibly to make up for shortfalls in its theme park division. Citibank, N.A. is the main broker of the deal. 2020-04-13
EU finance ministers agree on a €540 billion loan package to alleviate the economic fallout of the coronavirus pandemic. 2020-04-10
The Dow Jones Industrial Average drops 800 points at opening, continuing the worst week since the financial crisis of 2007–08. This week, the Dow Jones Industrial Average has dropped 13% and 4,000 points. 2020-02-28
New York State-based GateHouse Media announces an agreement to buy 11 U.S. newspapers from Georgia-based Morris Communications. Included in the deal is the "Log Cabin Democrat", founded in 1879, and three Alaskan newspapers: the "Juneau Empire", the "Peninsula Clarion" and "Homer News". The deal is expected to close on October 2. 2017-08-10