Bloomberg Britain’s mounting labour market crisis was underscored by a 220,000 slump in employment during the height of the coronavirus lockdown, the worst decline since the global financial crisis. The fall in the second quarter coincided with a period that saw the most strict restrictions to contain the spread of the disease. The Office for National Statistics said early indicators ...

Bloomberg President Donald Trump’s decision to extend a student-loan freeze will take away a financial risk for tens of millions of US households, who now won’t have to resume paying back about $1.2 trillion of debt until at least 2021. The measure, one of four executive actions Trump took on August 8, keeps both repayments and the accumulation of interest ...

Bloomberg Hertz Global Holdings Inc. is seeking debtor-in-possession financing more than two months after filing for Chapter 11 protection, reflecting the reality that it still faces trouble ahead if travel doesn’t bounce back. The bankrupt rental-car giant said it is looking for new sources of cash with the travel business in a deep slump and proceeds from the sale of ...