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World

Spotlight: U.S. economy sees sharpest contraction in decades as COVID-19 recession deepens

WASHINGTON, July 30 (Xinhua) -- The U.S. economy saw the sharpest contraction in decades between April and June as the country grappled with the fallout of COVID-19 lockdowns, indicating the depth and severity of the pandemic-induced recession.

World

Gold down on profit-taking

CHICAGO, July 30 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday as investors took profits following nine consecutive sessions of increase for the precious metal.

World

Italy loses 600,000 jobs since COVID-19 outbreak: ISTAT

ROME, July 30 (Xinhua) -- Italy has lost 600,000 jobs in June compared to February -- before the COVID-19 pandemic forced the country into a national lockdown that drove its economy to a halt, according to provisional estimates released by the National Statistics Institute (ISTAT) on Thursday.

Construction

LafargeHolcim sees ‘solid’ H2

ZURICH: LafargeHolcim said it saw a recovery in construction markets in June after the coronavirus pandemic battered its sales and profit during the second quarter.

Aviation

Safran’s H1 profit drops

PARIS: French aerospace supplier Safran halved its core profit in the first half of the year as the Covid-19 crisis gutted demand for passenger jets.