Sources: CNN
The Reserve Bank of Australia slashes its official cash rate to a historic low 0.1%, in an attempt to boost spending in the economy and address the high rate of unemployment caused by the COVID-19 pandemic. It is also expected that the cash rate will not go up for at least another three years. 2020-11-3
The Brazilian economy officially enters a recession after the country's statistics institute reported a 9.7% decline of its gross domestic product (GDP) in the second quarter, which is the second consecutive quarter of a decline in its GDP. It is Brazil's largest quarterly drop since 1996. 2020-09-1
Europe's largest coach operator Shearings collapses into administration with 2,460 immediate job losses and thousands of holidays cancelled. 2020-05-22
The U.S. Senate approves the Families First Coronavirus Response Act, an emergency relief aid bill, in response to the coronavirus pandemic. The bill will ensure that people who are employed in places with less than 500 employees will receive paid benefits while on leave. It also offers free testing for uninsured people and expands federal funding for medical coverage. 2020-03-18
British textile design company Laura Ashley plc collapses into administration, saying the coronavirus has had a "significant impact on trading". 2020-03-17
Cirque du Soleil announces it will stage a live tour featuring the works of Michael Jackson. 2010-04-21