The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

Robinhood CEO interested in offering retirement accounts

More On: Robinhood A-Rod, Dave Portnoy and an e-commerce tycoon are all pouring money into one company Robinhood warns trading frenzy is slowing as it seeks $35 billion IPO valuation Meme stocks’ rally fades as retail investors are ‘falling out of love’ Robinhood IPO faces threat of retail snub on Reddit Robinhood Markets is considering launching US retirement accounts, CEO and […]

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Philips Stock Down On Weak Q2 Profit, Orders; Plans EUR 1.5 Bln Share Buyback

Shares of Philips Electronics NV were losing around 3 percent in the morning trading in Amsterdam as well as in pre-market activity on NYSE after the Dutch consumer electronics giant reported Monday weak profit due to a provision and lower orders in its second quarter, while sales were higher. Looking ahead for fiscal 2021, the company continues to expect low-to-mid-single-digit […]

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Eurozone Private Sector Growth At 21-Year High

The euro area private sector expanded at the fastest pace in 21 years in July, as the member countries eased COVID-19 restrictions, flash survey results from IHS Markit showed on Friday. At 60.6, the composite output index hit a 252-month high in July, up from 59.5 in June and economists’ forecast of 60.0. The services activity grew the most in […]

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The airline sector and where travel is headed

SINGAPORE – As vaccinations are under way globally, the global airline industry is also getting jabs of confidence. Still, some parts are taking off faster than others and countries with a viable domestic market are faring better while business travel has taken a backseat. Please subscribe or log in to continue reading the full article. Get unlimited access to all […]

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Twitter Q2 Profit Beats Street View As Global Users Gain

Shares of Twitter Inc. (TWTR) are gaining 5% in extended session on Thursday after the social media giant’s second-quarter profit trumped Wall Street estimates, as revenues surged 74% driven by surge in advertising revenues and increase in users. San Francisco, California-based Twitter reported second-quarter profit of $65.6 million or $0.08 per share, compared to a loss of $1.38 billion or […]

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Thailand says Covid-19 resurgence to cut GDP by 0.8% to 2.0% in 2021

BANGKOK (REUTERS) – The latest coronavirus wave to hit Thailand is expected to reduce gross domestic product (GDP) by 0.8 per cent to 2 per cent this year, Thailand’s central bank said on Thursday (July 22), as the South-east Asian country tackles its biggest outbreak of the virus to date. The current Covid-19 wave has seen daily record infections, which the […]

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More than 60,500 businesses reopened nationwide in 3 months: Yelp

Fox Business Flash top headlines for July 20 Check out what’s clicking on FoxBusiness.com. Despite uncertainty around the Delta variant, more than 60,500 businesses reopened nationwide last quarter – marking the highest volume of reopenings since last year, according to new Yelp data.  In April alone, there were 38,725 reopenings, which also marked the largest monthly volume of reopenings since […]

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True cost of Democrats' spending plan could top $5T, analysis says

Sen. Portman reacts $3.5T spending plan Ohio Senator Rob Portman discusses Biden’s economic plan on ‘Kudlow’ Democrats are crafting an enormous reconciliation bill that envisions spending $3.5 trillion over the next decade to dramatically expand the social safety net – but a new analysis published this week shows the measure may cost more than $2 trillion than expected. The spending […]

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Businesses call for more rental relief, wage support and loan moratoriums amid tightened Covid-19 measures

SINGAPORE – Several business associations have called for help in areas such as rental relief, wage support and loan moratoriums, as Singapore tightens measures amid a resurgence in Covid-19 infections in the community. The Alliance of Frontline Business Trade Associations on Wednesday (July 21) outlined these three means through which it seeks support to ensure the sustainability of businesses in […]

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Singapore's grip on $41 billion oil market challenged by China

SINGAPORE (BLOOMBERG) – Singapore is facing the greatest competition yet to its status as the dominant marine fuel supplier in Asia, with China luring more ships to its shores following a rapid expansion of its port and refining facilities. China’s marine fuel sales – known in the industry as bunkering – have almost doubled over the past five years and […]

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