The UK’s historic contraction is dominating the headlines today.
Germany's economy shrank by 2.2% in the first three months of this year as the coronavirus pandemic pushed it into recession, official figures indicate.
Covid-19 recession drives US crude oil into negative territory.
Brent crude plunges 25%.
Oil price at 18-year low as turmoil persists.
Led by a nearly 10 percent crash in Australia, stocks around the world show investors still fear for the global economy.
Economists urge Angela Merkel to boost spending as Germany suffers a 0.1% drop in GDP in April-June