TOKYO (Reuters) – A week after China banned its citizens from traveling to contain a deadly coronavirus outbreak, Japanese businesses catering for Chinese tourists say sales have dwindled and they are bracing for months of slow trade. Xie Shanpeng, who runs a travel agency in Tokyo for Chinese tourists, had expected the months from Lunar […]
BERLIN (Reuters) – Germany’s economy is nearing stagnation in the first quarter due to the coronavirus outbreak, the DIW economic institute said on Wednesday, adding that German industry would be particularly hit if the virus continued to spread worldwide. DIW said Germany’s gross domestic product in the first quarter would grow by just 0.1% compared […]
By David Milliken LONDON (Reuters) – The Bank of England has agreed to temporarily lend the government money if needed to help finance its massive COVID-19 spending plans, reviving a measure used during the 2008 financial crisis. Sensitive to claims it is resorting to ‘monetary financing’, or permanently supporting government spending by printing money, the […]
