Business News

The government is facing calls to introduce price controls on essential items sold online after eBay and Amazon were accused of failing to stop profiteering during the coronavirus pandemic.

Stock markets have rallied despite latest evidence of the catastrophic impact coronavirus is having on the global economy - as central banks stepped in with more help.

The UK tourism industry is braced for a £2bn hit from the coronavirus lockdown over the Easter holidays as popular destinations urge people to stay away despite the devastating impact their absence will have on businesses.

The government has expanded its overdraft with the Bank of England to make sure it has enough cash to cope with the economic fallout from coronavirus.

It is a little-known fact that even the UK government has an overdraft facility.

An emergency funding scheme set up by the chancellor to funnel interest-free loans to small businesses has triggered a further flashpoint over banks' rejection of funding applications by companies with private equity backers.

The UK economy grew 0.1% overall in the three months to February - a worrying picture of the situation before the coronavirus lockdown.

One in ten US workers have lost their jobs in the last three weeks, according to latest weekly unemployment claims figures.

Hundreds of food banks have been set up around New York to provide three meals a day to the newly unemployed and struggling.

BT workers are being verbally and even physically abused after spurious online claims linking the spread of the coronavirus to 5G masts, a senior executive at the company has told Sky News.