U.K. Economy Shrinks by More Than Any Other Rich Country

LONDON—The U.K. recorded a steeper second-quarter contraction than its peers, a performance that means it suffered the worst economic hit

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Australia Immigration Halt Is a Cautionary Lesson for Other Nations

SYDNEY—Australia’s resilience in past economic crises owed much to an open-door immigration policy that drew skilled workers to its cities,

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Beirut Explosion Leads to Growing Anger as Lebanon Searches for Victims

BEIRUT—Rescue workers scrambled to clear rubble left from this week’s massive explosion in a search for survivors Thursday, as the

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U.K. Economy Won’t Make Up Pandemic-Lost Ground Until End of 2021

LONDON—The Bank of England held its benchmark interest rate steady and said the U.K. economy would take until the end

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Italy Opens New Bridge, Two Years After Deadly Collapse

MILAN—Italy inaugurated a new bridge on a stretch of highway connecting the port city of Genoa to France, almost two

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Covid Supercharges Federal Reserve as Backup Lender to the World

When the coronavirus brought the world economy to a halt in March, it fell to the U.S. Federal Reserve to

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Consumers, Flush With Stimulus Money, Shun Credit-Card Debt

When unemployment soared this spring at the start of coronavirus lockdowns, credit-card debt and delinquencies were widely expected to surge

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Europe Plunges Into Recession as Economy Suffers Record Contraction

FRANKFURT—Stringent lockdowns to prevent the spread of Covid-19 weighed heavily on Europe’s economy in the second quarter, causing a record

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North Korea’s Economy Grew in 2019, Despite International Sanctions

SEOUL—North Korea’s economy grew by 0.4% in 2019, the first time Pyongyang posted positive growth in three years, South Korea’s

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