Sources: CNN
The Office for National Statistics says that the economy of the United Kingdom has contracted by a record 9.9% since the pandemic began, but has narrowly avoided a double-dip recession. This is nonetheless estimated to be the largest annual contraction since 1709. 2021-02-12
France's government cancels a plan by international airport operator Groupe ADP to expand Charles de Gaulle Airport, the country's largest airport, citing reduced traffic due to the pandemic and inconsistency with environmental policies. 2021-02-11
South Korea records its worst annual economic growth since 1998 following the Asian financial crisis. Its gross domestic product contracted 1.0 percent in 2020 from 2019. 2021-01-25
Ford Motor Company announces that it will cease production at its plants in Camaçari and Taubaté in the coming months due to losses aggravated by the pandemic. Ford also plans to close its Troller plant in Belo Horizonte in the fourth quarter of 2021. 2021-01-11
The price of gold hits a record high of US$1,944 per ounce as uncertainty over the global economy grows due to a resurgence in COVID-19 cases. The previous record was set in 2011 when prices hit US$1,921 per ounce. 2020-07-27
China announces that "The Avengers", "Avengers: Age of Ultron", "Avengers: Infinity War", "Avengers: Endgame", "Avatar", "Inception", and "Interstellar" will be re-released in theaters following the end of their lockdowns as a hope to revive their cinemas. 2020-03-25
Egypt begins disinfection on the Giza pyramid complex as an effort to contain COVID-19. 2020-03-25
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