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The latest news and information from the world's most respected news source. BBC World Service delivers up-to-the-minute news, expert analysis, commentary, features and interviews.

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Economy

Former Vice President Joe Biden
Politics & Policy

Biden releases plan to reopen US economy amid coronavirus

Biden pitches COVID-19 reopening plan in Philly — saying Trump’s strategy leaves workers and small businesses in the lurch.

6 years ago

Democratic presidential candidate, former Vice President Joe Biden speaks in Philadelphia, Tuesday, June 2, 2020. (AP Photo/Matt Rourke)
Politics & Policy

Biden releases plan to reopen US economy amid coronavirus

He is promising to dramatically expand testing for the virus, guarantee federal paid leave for all who get sick and create a national task force to better track COVID's spread

6 years ago

'Store Closing' signs outside of a Sears retail store location in Livingston, New Jersey, on March 23, 2020. (Photo by Kristoffer Tripplaar/Sipa USA)(Sipa via AP Images)
Health

N.J. coronavirus recovery: Workers can refuse to return over safety fears

“No one should be forced to choose between their livelihood and contracting COVID-19,” said N.J. Labor Commissioner Rob Asaro-Angelo.

6 years ago

Farmer & The Cow in Wilmington, Del. (Google Maps)
Health

Del. coronavirus recovery: Wilmington gets creative to boost restaurant economy

The City of Wilmington aims to increase restaurant business while keeping diners safe amid the coronavirus pandemic by launching curbside seating.

6 years ago

A pedestrian wearing a mask walks past reader board advertising a job opening for a remodeling company
Money

1.5 million more laid-off workers seek unemployment benefits

The latest figure from the Labor Department marked the 10th straight weekly decline in applications for jobless aid since they peaked in mid-March when COVID-19 hit hard.

6 years ago

Federal Reserve Chair Jerome Powell speaks during a news conference in Washington on March 3. Companies can borrow money from the Fed under its new lending programs, but the central bank's effort to help the economy has had lopsided results.
NPR
Money

The Fed helped companies borrow money. Some laid off thousands anyway.

Companies can borrow money from the Federal Reserve under its new lending programs. It's been good for the stock market, but the economy has seen lopsided results.

6 years ago

Boxes of food at are loaded at the Los Angeles Regional Food Bank on May 5. The country has officially entered a recession amid the pandemic, the National Bureau of Economic Research said Monday.
NPR
Money

It’s official: U.S. economy is in a recession

The committee tasked with marking U.S. business cycles says the economy peaked in February, and has since been in a recession triggered by the pandemic.

6 years ago

Des Moines Public School employee Daniel Brown sanitizes a sink in a bathroom at Central Campus high school, Thursday, March 19, 2020, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)
Politics & Policy

Government job losses are piling up, and it could get worse

Several states are projecting tax revenue will be down 20% or more for the fiscal year starting next month.

6 years ago

A member of the Philadelphia bomb squad surveys the scene after an ATM machine was blown-up at 2207 N. 2nd Street in Philadelphia, Tuesday,  June 2, 2020.  (David Maialetti/The Philadelphia Inquirer via AP)
PlanPhilly
Money

Money goes boom: Philly’s history of exploding ATMs

Experts say the spate of ATM explosions have nothing to do with political protest.

6 years ago

Former Vice President Joe Biden
Politics & Policy

Biden calls Trump ‘completely oblivious’ in touting jobs report

Biden says any president who doesn’t take responsibility for massive job losses deserves no credit when a fraction of those jobs return.

6 years ago

A customer walks out of a U.S. Post Office branch and under a banner advertising a job opening
Politics & Policy

Unemployment rate falls to 13.3%, US adds 2.5 million jobs

The government said Friday that the economy added 2.5 million jobs last month, driving unemployment down from 14.7% in April.

6 years ago

A person wearing a protective face mask as a precaution against the coronavirus walks past stuttered businesses in Philadelphia. (AP Photo/Matt Rourke)
Radio Times
Money

The future of small businesses as the country reopens

How are businesses going to navigate reopening during a health pandemic and national civic unrest?

Air Date: June 5, 2020 10:00 am

Listen 48:58
Juan Santos
Community

1.9 million seek jobless aid even as reopenings slow layoffs

The diminishing pace suggests the job market meltdown triggered by COVID-19 may have bottomed out as more companies call at least some of their former employees back to work.

6 years ago

Hardik Kalra stocks meat in a cooler at a local super market, Friday, May 29, 2020, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)
Money

US food prices see historic jump and are likely to stay high

U.S. shoppers lately have seen the costs of meat, eggs and even potatoes soar as the coronavirus has disrupted processing plants and distribution networks.

6 years ago

A woman walks past a boarded up business, Thursday, May 28, 2020, in East Cleveland, Ohio. (AP Photo/Tony Dejak)
Health

Rising US job losses stir fears of lasting economic damage

Despite a few glimmers of hope, most of the economic news was likewise grim, as some of the world's most populous countries reported rising infections and deaths.

6 years ago

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