Some governments 'using' Covid-19 to stifle dissent, UN human rights chief warns
In an interview with FRANCE 24, the UN High Commissioner for Human Rights Michelle Bachelet warned that some governments were taking advantage of emergency powers imposed amid the Covid-19 crisis to stifle dissent. She also called for the response to the pandemic to be "driven by science-based facts", rather than politics or the economy.
Wolfgang Schäuble: Coronavirus to cause 'structural' economic change
Germany needs to reassess its relationship between the state, society and the economy, said ex-finance minister Wolfgang Schäuble. He thinks traditional ways of tackling the fallout from COVID-19 may not be sufficient.
IMF warns of worst global recession since 1930s
The global economy is facing its worst recession since the 1930s. That’s according to the International Monetary Fund, which has sharply cut its 2020 forecast because of the coronavirus pandemic and lockdowns. The IMF predicts a 3 percent contraction for the global economy this year - describing "The Great Lockdown" as a crisis "like no other". The Fund has called on governments to take "swift and sizable" action to support the economic recovery.
French economy to shrink by 8% in 2020, government estimates
The French government expects the economy to shrink by 8 percent in 2020, according to Finance Minister Bruno Le Maire. The budget deficit will also balloon to around 9 percent of GDP, as the government pumps €100 billion into its economic rescue plan. These latest forecasts come after President Emmanuel Macron announced some French shops and businesses would be allowed to re-open after May 11, but bars, restaurants and hotels would remain closed to limit the spread of Covid-19.
Coronavirus: Nigeria's economy feels the pinch of lockdown
The Nigerian economy is beginning to feel the pinch of the lockdown imposed in late March in Lagos and Abuja to slow the spread of the coronavirus. Millions of people working in the informal sector have been particularly affected; we tell you more. Meanwhile in Madagascar, thousands rush to travel back to their hometowns and flee the capital - our correspondent reports. And in Senegal, musicians from a pro-democracy political movement are trying to encourage people to do their bit in the fight against co
Germany's small businesses get creative amid coronavirus crisis
Much of Germany's economic life has ground to a halt. Now, many small and medium-sized companies are developing creative new ways to generate revenue.
SPM’s Paul Alaje on Nigeria’s fiscal response to COVID-19
Africa’s biggest economy, Nigeria, has now recorded a total of 12 confirmed COVID-19 cases. Paul Alaje, Senior Economist at SPM Professionals joins CNBC Africa to assess Nigeria’s fiscal response so far to the pandemic.
Investors dump bank stocks amid COVID-19 fears
The banking sector is in the red today, even as the Central Bank of Nigeria announced moves to soften the impact of the coronavirus pandemic on Nigeria’s economy. Ebunoluwa Babarinde, Manager at Financial Derivatives joins CNBC Africa to review the performance of the Lagos bourse amid current macro realities.
CBN introduces new measures to cushion effects of Coronavirus
The Central Bank of Nigeria has introduced new measures to cushion the effects of coronavirus on the economy.
Coronavirus recession: Germany among countries facing a shrinking economy
As the COVID-19 pandemic spreads, the head of Germany's influential Ifo research institute has warned that Europe's biggest economy could fall into recession. Our correspondents have been taking the temperature in the business community.