economic

Coronavirus latest: Dow rises 600 points on economic reopening

The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan.

Global cases have reached 5,495,061, according to Johns Hopkins University.

The worldwide death toll has hit 346,232.

To see how the disease has spread, view our virus tracker charts:


(Source photo by AP) 

Here are the latest developments (Tokyo time):

Tuesday, May 26

10:30 a.m. U.S. stocks open higher on optimism about economic reopening and vaccine development, with the Dow Jones Industrial Average rising almost 600 points and the S&P 500 gaining 2%. 

8:30 p.m. Chinese President

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Coronavirus latest: Dow opens up 600 points on economic optimism

The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan.

Global cases have reached 5,495,061, according to Johns Hopkins University.

The worldwide death toll has hit 346,232.

To see how the disease has spread, view our virus tracker charts:


(Source photo by AP) 

Here are the latest developments (Tokyo time):

Tuesday, May 26

10:30 a.m. U.S. stocks opened higher on optimism about economic reopening and vaccine development. The Dow Jones Industrial Average opening up almost 600 points and the S&P 500 rising 2%. 

8:30 p.m. Chinese President

Read More

There are only two numbers that matter in the UK’s dire economic plight

In the ancient history of the pre-Covid world, keen students of fiscal matters may remember that Sunak’s predecessor Sajid Javid set a new rule putting a 6pc cap on the cost of debt interest as the Government readied itself to fund an extra £120bn in investment over the course of the parliament in an “infrastructure revolution”.

Even in the morass of red ink flooding over the numbers today, the fact that the Chancellor still has such room for manoeuvre against his own target should be a comfort for both him and a Prime Minister looking to get back on the

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China abandons economic growth target for first time in decades

SHANGHAI — Chinese Premier Li Keqiang did not announce an economic growth target for this year, marking the first time in three decades the government has skipped setting that goal in its annual blueprint.

In a work report presented on Friday in Beijing at the delayed start of the annual session of the National People’s Congress, China’s legislature, Li said the government foresees its budget deficit rising to more than 3.6% of gross domestic product, up from 2.8% last year.

“We have not set a specific target for economic growth this year because our country will face some factors that

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