Wall Street shares fell sharply on Monday amid mounting worry over a strong rise in COVID-19 cases, as well as fading chances of a new US stimulus package. Threats of a further slowdown in the US’s economic recovery hurt risk sentiment, as investors also remain nervous about the outcome of the presidential election on November 3. The Dow…

A sharp rise in COVID-19 cases has increased concerns over economic recovery in Germany, with business morale falling in October after six months of steady progress. According to data released today by the Munich-based Ifo Institute, the business climate index fell to 92.7 points in October, down from 93.2 in September and below the forecast…

The EU’s economic activity declined in October, according to data released on Friday. Renewed Coronavirus restrictions – introduced in an attempt to control the strong recent rise in cases across Europe – forced many businesses to limit their operations, particularly within the bloc’s dominant service industry. As a result, fresh threats have…

US weekly jobless claims fell below expectations last week but remain elevated as the Coronavirus pandemic persists, with the recovery of the labor market also being weighed by fading hopes of a pre-election fiscal stimulus deal. The latter is after negotiations in the Senate between Republicans and Democrats stalled again. Data released…

In an effort to revive stalled trade talks, the UK and the European Union will resume negotiations today. There are just ten weeks remaining until the end of the Brexit transition period. Both sides want to bridge existing gaps and protect the multi-billion dollar’s worth of trade between the two blocs, but previous talks – which started at…