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
British multinational retailer Debenhams announces that it will permanently close all of its brick and mortar stores in the United Kingdom, with the loss of 12,000 jobs, after being bought by online fashion retailer Boohoo.com. 2021-01-25
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 economy officially enters a recession for the first time since 1991 after the Bureau of Statistics reports a 7% decline in GDP over the second quarter, the largest fall since records began in 1959. 2020-09-2
Cirque du Soleil files for bankruptcy in Canada and cuts 3,500 jobs. 2020-06-29
Europe's largest coach operator Shearings collapses into administration with 2,460 immediate job losses and thousands of holidays cancelled. 2020-05-22
The Dow Jones Industrial Average plummets 1,800 points on opening, 500 points lower than pre-market futures trading. 2020-03-9