Don't Miss

‘We just have to survive this journey’: Marlins lastly go back to field and get uplifting win over Orioles

CLOSE What I’m Hearing: Bob Nightengale on the latest outbreak in MLB USA TODAYBALTIMORE — They ran sprints down hotel hallways, rolled up sanitary socks into makeshift baseballs and tossed them into mattresses, even stepped around dirty room-service dishes to take part in Zumba classes, all mitigating physical hurdles even if the greater challenge was…

Dana White’s Competitor Series 27: Finest images

By Nolan King | August 5, 2020 12:51 am Another summer of Contender Series action came to a close on Tuesday night. Check out all the best action from the UFC APEX in Las Vegas. (Photos by Josh Hedges-DWCS LLC/Zuffa LLC) Dana Whites's Contender Series at the UFC Apex Photo by Josh Hedges-DWCS LLC/Zuffa LLC…

Roger Marshall bests Kris Kobach in Kansas GOP race, plus other essential takeaways from Tuesday’s primaries

CLOSE Civil rights experts point to long wait times to vote as a sign of growing voter suppression in the U.S. Here's what to expect in the 2020 election. USA TODAYWASHINGTON – The first primaries of the month took place Tuesday.And the results are still slowly coming in. Michigan, Arizona, Kansas, Missouri and Washington all held primaries…

Layoffs: 1.4 M more employees likely filed jobless claims as states draw back on reopenings

Paul Davidson, USA TODAY Published 12:01 a.m. ET Aug. 5, 2020 CLOSE Layoffs by companies are affecting Americans across the country. Scott Warrick lost his job of five years due to the pandemic and with his wife pregnant with their first child, it's not easy for the young couple. (May 8) AP DomesticA broad measure…

Dana White confirms Yair Rodriguez hurt, out of battle vs. Zabit Magomedsharipov

By Nolan King | August 4, 2020 10:19 pm Fight fans will have to wait longer than expected to see Zabit Magomedshariov vs. Yair Rodriguez. In the midst of Dana White’s Contender Series on Tuesday, Mexican news outlet Milenio reported Rodriguez was out of the expected fight. At the DWCS 27 post-event news conference, UFC…

Euro zone service activity crashes to ‘shocking’ short on coronavirus pandemic

Euro zone service activity struck another record low throughout April in another indication that the coronavirus pandemic is triggering extreme economic damage throughout the region.

The IHS Markit Getting Managers’ Index, which determines both the services market and production, dropped to 135 in April, according to the initial information. In March, the exact same index had currently taped its most significant ever single month-to-month drop to 297 A contraction in PMI numbers– a figure listed below 50– suggests a likely fall in financial growth overall.

” April saw extraordinary damage to the euro zone economy amidst virus lockdown steps paired with slumping worldwide demand and lacks of both personnel and inputs,” Chris Williamson, primary company economist at IHS Markit, stated in a statement.

Williamson included that this year’s second-quarter activity might “tape-record the fiercest slump the area as seen in recent history.”

Euro zone countries have been some of the hardest struck by the virus, with Italy, Spain, France and Germany among the top 5 countries worldwide with the greatest variety of infections.

Most European federal governments introduced lockdown procedures to consist of the spread of the virus. As an outcome, their economies were brought to a grinding halt, with restaurants, stores, movie theaters and other services closed to the general public.

The International Monetary Fund (IMF) has forecast a 7.5%contraction for the euro zone in 2020.

European leaders are due to talk about additional stimulus steps Thursday afternoon. Euro zone finance ministers have actually put together a half a trillion euro package to handle the financial shock from the pandemic, but every EU government concurs that more financing is still required.

Speaking to CNBC Thursday, Williamson from IHS Markit, said: “I cant say I am optimistic (about the EU meeting).”

” I think whatever procedures are executed you have actually got shock here that will be hard to totally get rid of from the system,” he added.

Earlier in the session, Germany’s flash index was available in at 17.1, a record low, versus a figure of 35.0 the month previously. This was even worse than experts had actually been expecting with Phil Smith, primary financial expert at IHS Markit, saying it “paints a stunning photo of the pandemic’s influence on organisations.”

Latest Posts

‘We just have to survive this journey’: Marlins lastly go back to field and get uplifting win over Orioles

CLOSE What I’m Hearing: Bob Nightengale on the latest outbreak in MLB USA TODAYBALTIMORE — They ran sprints down hotel hallways, rolled up sanitary socks into makeshift baseballs and tossed them into mattresses, even stepped around dirty room-service dishes to take part in Zumba classes, all mitigating physical hurdles even if the greater challenge was…

Dana White’s Competitor Series 27: Finest images

By Nolan King | August 5, 2020 12:51 am Another summer of Contender Series action came to a close on Tuesday night. Check out all the best action from the UFC APEX in Las Vegas. (Photos by Josh Hedges-DWCS LLC/Zuffa LLC) Dana Whites's Contender Series at the UFC Apex Photo by Josh Hedges-DWCS LLC/Zuffa LLC…

Roger Marshall bests Kris Kobach in Kansas GOP race, plus other essential takeaways from Tuesday’s primaries

CLOSE Civil rights experts point to long wait times to vote as a sign of growing voter suppression in the U.S. Here's what to expect in the 2020 election. USA TODAYWASHINGTON – The first primaries of the month took place Tuesday.And the results are still slowly coming in. Michigan, Arizona, Kansas, Missouri and Washington all held primaries…

Layoffs: 1.4 M more employees likely filed jobless claims as states draw back on reopenings

Paul Davidson, USA TODAY Published 12:01 a.m. ET Aug. 5, 2020 CLOSE Layoffs by companies are affecting Americans across the country. Scott Warrick lost his job of five years due to the pandemic and with his wife pregnant with their first child, it's not easy for the young couple. (May 8) AP DomesticA broad measure…

Latest Posts

‘We just have to survive this journey’: Marlins lastly go back to field and get uplifting win over Orioles

CLOSE What I’m Hearing: Bob Nightengale on the latest outbreak in MLB USA TODAYBALTIMORE — They ran sprints down hotel hallways, rolled up sanitary socks into makeshift baseballs and tossed them into mattresses, even stepped around dirty room-service dishes to take part in Zumba classes, all mitigating physical hurdles even if the greater challenge was…

Dana White’s Competitor Series 27: Finest images

By Nolan King | August 5, 2020 12:51 am Another summer of Contender Series action came to a close on Tuesday night. Check out all the best action from the UFC APEX in Las Vegas. (Photos by Josh Hedges-DWCS LLC/Zuffa LLC) Dana Whites's Contender Series at the UFC Apex Photo by Josh Hedges-DWCS LLC/Zuffa LLC…

Roger Marshall bests Kris Kobach in Kansas GOP race, plus other essential takeaways from Tuesday’s primaries

CLOSE Civil rights experts point to long wait times to vote as a sign of growing voter suppression in the U.S. Here's what to expect in the 2020 election. USA TODAYWASHINGTON – The first primaries of the month took place Tuesday.And the results are still slowly coming in. Michigan, Arizona, Kansas, Missouri and Washington all held primaries…

Layoffs: 1.4 M more employees likely filed jobless claims as states draw back on reopenings

Paul Davidson, USA TODAY Published 12:01 a.m. ET Aug. 5, 2020 CLOSE Layoffs by companies are affecting Americans across the country. Scott Warrick lost his job of five years due to the pandemic and with his wife pregnant with their first child, it's not easy for the young couple. (May 8) AP DomesticA broad measure…