Chief economist Gita Gopinath said it was 'too early' to predict that the UK economy will experience a rapid V-shaped recovery.
The retailer said that the reality of the pandemic meant it was 'highly unlikely' that it would reopen all of its stores.
European stocks fell as investors weighed positive economic data against surging coronavirus infections in the US.
A closely watched survey suggests that the UK economy contracted at the sharpest pace on record in the second quarter.
The axing of around 2,000 management jobs is part of plan to save £300m in costs in the wake of the coronavirus crisis.
European stocks rose slightly even as a continued surge in coronavirus infections in the US raised fears of a prolonged global recovery.
The pandemic has prompted a marked fall-off in stress levels among younger generations, according to a Deloitte survey.
The Competition and Markets Authority said the deal was 'not likely' to significantly hamper competition in the sector.
A surge in sales at Ocado pushed the online supermarket’s market share to its highest-ever level over the past 12 weeks.
The ailing shopping centre owner warned hat it had lined up KPMG as potential administrators in case rescue talks failed.
Bias in recruitment processes can be caused by something as simple as an outdated job description, according to a leading recruiter.
European stocks rose as EU leaders were set to begin a round of delicate negotiations about the bloc’s proposed coronavirus recovery plan.
The bank voted to hold its benchmark interest rate steady, eschewing a potentially controversial move into negative interest rates.
A £4.5m information campaign will use 'shock and awe' tactics to prepare citizens and firms for the end of the Brexit transition.