- Nineteen prisoners use cutlery to break out of cells at Winchester prison
- France wants progress in Ukraine before Russia returns to G7
- Italy president begins talks to seek way out of government crisis
- Italian PM expected to resign as political chaos deepens
- Russia says US cruise missile test ‘regrettable’
- Kremlin - No date set for Normandy talks on Ukraine despite Macron meeting
- Egypt court hands out 6 death sentences on terror charges
- Putin says Russian nuclear explosion poses no threat
- Russian panel eyes alleged foreign interference in protests
- Gran Canaria wildfire triggers evacuation of thousands of people
- PM Johnson calls on Germany and France to compromise on Brexit
- Sudan's ex-president Bashir arrives at corruption trial
Wednesday, 02 September 2020_Australia has entered its first recession since 1991 after the economy shrank 7 percent during the second quarter, official figures showed Wednesday, as the country reels from the coronavirus pandemic.
The Australian Bureau of Statistics said it was the fastest quarterly contraction on record and ends a record three-decade run of economic growth that was undented even by the global financial crisis.
A recession is defined as two consecutive quarters of contraction. The economy shrank 0.3 percent in the previous three months.
Australia has detected nearly 26,000 infections since the pandemic began, with Victoria accounting for about 75% of those cases. The national death tally rose to 663 after Victoria reported six deaths in the last 24 hours.
Source: Agencies
Your Comment