The United Nations Economic Commission for Africa warns that the effects of the pandemic on Africa's economy could push the number of "extremely poor" Africans to 514 million people. The World Bank also announced a recession as the economies of African countries continue to shrink. 2021-12-24
Talks between rail workers and ScotRail aimed at preventing a strike collapse, as the rail firm cites financial pressures caused by the ongoing pandemic to justify refusing a pay raise and revocation of some day-off entitlements. The Unite union rejects this explanation. The Scottish Government and Transport Scotland are appraised of the situation. 2021-04-13
The United States's GDP contracts 3.5% in 2020, its first annual contraction since 2009 following the financial crisis of 2007–2008 and the country's worst economic performance since 1946. 2021-01-28
The United States Department of the Treasury reaches a deal with seven of the major U.S. airlines to allocate around $25 billion in loans from the $2.2 trillion budget approved under the CARES Act to assist in their financial recovery amid the pandemic. 2020-09-29
The Dow closes 2,997 points or 12.9% lower - its largest daily points movement. 2020-03-16
The Dow Jones Industrial Average enters correction territory after plunging 700 points at opening. 2020-02-27