Bloomberg A protracted lockdown could see the UK economy shrink by more than a third this quarter, increasing unemployment by more than 2 million and sending the budget deficit to its highest since World War II. The dire projections were outlined by Office for Budget Responsibility. They are based on a scenario in which Britain remains in lockdown for three ...

Bloomberg SAP SE, Europe’s biggest tech company by market value, is exploring the sale of a unit that helps telecommunications operators route calls and text messages, people with knowledge of the matter said. The German firm is working with an adviser to gauge interest in the business and has been speaking to potential buyers, said the people, who asked not ...

Bloomberg New Zealand’s government is preparing additional fiscal measures to limit a surge in unemployment as it battles the coronavirus, Finance Minister Grant Robertson said. “Work on further significant government investment to protect jobs, support cashflow, and prepare the economy for recovery is well advanced,” Robertson said in Wellington. Scenarios released by the Treasury department show that unemployment “can be ...