Coronavirus: Millions lose jobs around the world as government measures fail to prevent unempoyment crisis

Government interventions worth trillions of dollars have to prevent an unemployment crisis of unprecedented scale, with dire figures revealing that millions have lost their jobs in a matter of weeks since the coronavirus pandemic began.In the UK, official figures showed a quarter of businesses had already laid off staff, with the worst job cuts likely still to come as firms runt out of cash and banks fail to lend on anything like the scale envisaged by government ministers.