Business and economy editor Douglas Fraser on a "grim new phase" for the industry.
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Virus will lead to 'decade of depression and debt'
Economist Nouriel Roubini - "Dr Doom" - has warned of a prolonged downturn and sluggish recovery.
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Virus will lead to 'decade of depression and debt'
Economist Nouriel Roubini - "Dr Doom" - has warned of a prolonged downturn and sluggish recovery.
Hertz files for bankruptcy protection in US
The company said the coronavirus pandemic had led to an "abrupt" decline in bookings.
Chinese retail giant sees 'recovery' after virus
The Chinese firm Alibaba reports an increase in revenue as its economy shows signs of recovering.
China scraps annual growth target for first time
The world's second largest economy takes unprecedented step not to give forecast for the year ahead.
UK borrowing at record high as virus cost soars
The government borrowed £62bn in April - the highest monthly figure since records began.
US workers seeking jobless aid near 40 million
Almost a quarter of the US workforce has filed for unemployment since mid-March.
UK retail sales crash in April amid lockdown
British clothing sales plummeted by 50.2% last month as many High Street stores were closed.
Featured Contents
Virus will lead to 'decade of depression and debt'
Economist Nouriel Roubini - "Dr Doom" - has warned of a prolonged downturn and sluggish recovery.
Hertz files for bankruptcy protection in US
The company said the coronavirus pandemic had led to an "abrupt" decline in bookings.
Chinese retail giant sees 'recovery' after virus
The Chinese firm Alibaba reports an increase in revenue as its economy shows signs of recovering.
China scraps annual growth target for first time
The world's second largest economy takes unprecedented step not to give forecast for the year ahead.
UK borrowing at record high as virus cost soars
The government borrowed £62bn in April - the highest monthly figure since records began.
US workers seeking jobless aid near 40 million
Almost a quarter of the US workforce has filed for unemployment since mid-March.
UK retail sales crash in April amid lockdown
British clothing sales plummeted by 50.2% last month as many High Street stores were closed.
Hertz files for bankruptcy protection in US
The company said the coronavirus pandemic had led to an "abrupt" decline in bookings.
Chinese retail giant sees 'recovery' after virus
The Chinese firm Alibaba reports an increase in revenue as its economy shows signs of recovering.
China scraps annual growth target for first time
The world's second largest economy takes unprecedented step not to give forecast for the year ahead.
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