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Coronavirus: The town facing the greatest economic hit

2020-06-16 18:01:08| BBC News | Business | UK Edition

The town of Newquay, which depends on tourism and hospitality, has been hit hard by the lockdown.

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A Rise in Distressed Hotel Deals Could Hit in Late Summer

2020-06-15 17:51:00| National Real Estate Investor

Delinquencies have spiked quickly on hotel properties, but we are still a few months away from a wave of distressed deals hitting the market.

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Global economy to hit deepest recession since WWII

2020-06-15 13:20:00| Daily apparel & textile news and comment - from just-style.com

Europe's economy is expected to shrink by over 9% this year, and the US' by over 6%, new data shows, as shutdown measures related to the coronavirus pandemic plunge the global economy into contraction.

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BP takes hit of up to $17.5bn as it forecasts cheaper oil

2020-06-15 09:34:53| BBC News | Business | UK Edition

The firm expects prices to be lower as plans to cut carbon emissions are sped up in the wake of coronavirus.

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J.P. Morgan: Saudi Oil Market Share Set to Hit Highest Since 1980s

2020-06-12 16:18:35| OGI

Bank forecasts a permanent global demand loss of 3 MMbbl/d.

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