The deadly coronavirus pandemic will cost the global insurance industry about $203 billion, the Lloyd’s of London market forecast on Thursday. Lloyd’s itself expects to pay out up to $4.3 billion on coronavirus claims, putting the global health crisis on a par with the September 11, 2001 terror attacks, it ...
UK’s economy shrank by a record 5.8% in March from February as the COVID-19 crisis escalated and the government ordered a shutdown of much of the country to stop the spread of the virus, according to official data. From January to March 2020, the UK’s GDP contracted 2.0% from the ...