The US economy grew at an unrivaled pace in the third quarter as the government poured out more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal. Gross domestic product rebounded at a...

There is a high risk the resurgence in coronavirus cases halts the global economic recovery by year-end, according to Reuters polls of around 500 economists, a majority of whom expected the rebound next year to be weaker than previously thought. Governments and central banks around the...

Global shares slipped on Wednesday as coronavirus infections grew at an alarming pace in the United States and Europe, while uncertainty over next week’s U.S. elections added to a “risk off” tone. European shares look set to tumble amid reports of potential lockdowns in Germany and...

Dubai airport, the world's busiest for international travel before the coronavirus crisis, could see passenger traffic fall by as much 70% this year, its chief executive said. A wave of new infections around the world ahead of the typically busy Christmas and year-end travel season has...