Economy

FRANKFURT, Germany — Europe emerged from a double-dip recession in the second quarter with stronger-than-expected growth of 2.0% over the quarter before, according to official figures released Friday, as pandemic...

The day before a moratorium on evictions is set to expire, President Joe Biden faces criticism from some of his allies for his hasty effort to preserve it—and for not...

SEOUL, July 30 – North Korea’s economy suffered its biggest contraction in 23 years in 2020 as it was battered by continued U.N. sanctions, COVID-19 lockdown measures and bad weather,...

Second-quarter GDP increases at a 6.5% rate Consumer spending, business power economy Weekly jobless benefits fall 24,000 to 400,000 WASHINGTON, July 29 – The U.S. economy grew solidly in the...

Total revenues increased 27 percent to $113.1 billion, below most Wall Street forecasts, sparking a slide of some six percent in after-hours trading. Andy Jassy, who took over as chief...

Amazon.com Inc.’s second-quarter sales and forecast for the current period fell short of analysts’ expectations, suggesting the biggest online retailer’s rapid growth through the pandemic is waning as people revert...

Brian Kim, the founder of South Korean messaging giant Kakao Corp., has seen his fortune jump by more than $6 billion this year, propelling him to the top of the...

The UK’s furlough program appears scheduled to end right on time. But, as ever with Covid-19, conditions apply. New data show that the number of jobs supported by the government’s...

Shares of Robinhood Markets Inc fell more than 10 percent after opening flat in their debut on the Nasdaq Composite Index on Thursday, valuing the online brokerage at about $28bn,...

Didi Global Inc. surged after the Wall Street Journal reported the firm is considering going private to placate Chinese regulators and compensate investors for losses. The Beijing-based company has been...