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
Train drivers across Germany go on strike to demand better pay in light of the COVID-19 pandemic, bringing 700 trains, including 190 freights, to a standstill. The strike is expected to end early Friday. 2021-08-11
A report by the International Labour Organization and UNICEF states that approximately 160 million children, over half of them aged between five and 11, are involved in child labour, the highest figures in 20 years. The report blames the COVID-19 pandemic for increasing both the rates of child labour and the hours worked. It also cautions that the amount of children entering the workforce could rise between nine and 46 million by the end of next year if the pandemic is not put under control and if they continue to lack access to important social services. 2021-06-10
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
American car rental company Hertz files for Chapter 11 bankruptcy due to accumulating nearly $19 billion in debt. 2020-05-22
Delta Air Lines announces it is suspending flights to several small-hub airports after losing $534 million in the first quarter of this year due to aviation restrictions caused by the coronavirus pandemic. 2020-04-27
Solomon Islands bans all travelers from China, South Korea and Japan. Health minister Dickson Mua also says that the country has suspended flights to Brisbane, Australia, and banned all civil servants from overseas travel in an effort to contain COVID-19. 2020-03-14
The bond market falls, in the first time since the financial crisis of 2007–08 that the stock and bond markets moved in the same direction, indicating a massive sell-off of portfolios as investors seek cash. 2020-03-11
The Dow Jones Industrial Average drops more than 3% as the coronavirus pandemic spreads outside China. This follows benchmark indices falling sharply in Europe after steep declines across Asia. 2020-02-24