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The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.
LONDON (Reuters) – Opening up pubs, restaurants and bars after the coronavirus lockdown is difficult and so there will be no standing at the bar in pubs for a long time, Cabinet Office Minister Michael Gove said on Tuesday. “It’s going to be more difficult with pubs, restaurants and bars in full,” Gove told LBC Radio. “What I hope we […]
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California law loophole leads to car theft crisis that leaves tourists in the crosshairs It pays to be a car thief in California. One law’s loophole is leaving tourists out of luck and robbers on the loose. The coronavirus hasn’t been kind to car owners. Continue Reading Below With more people than ever staying home to lessen the spread of COVID-19, […]
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The Alberta government is urging commercial landlords and tenants in the province to fill out a survey on its website to get a better sense of challenges businesses are facing in meeting their “financial obligations during the COVID-19 pandemic.” In a news release issued Monday, the government said such challenges could include paying rent or developing payment schedules. “We expect […]
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SINGAPORE (THE BUSINESS TIMES) – Hopes for at least some growth in the key non-oil domestic exports (Nodx) this year has given way to a projection of up to a 4.0 per cent drop, as the Covid-19 pandemic continues to put a near-freeze on movements and economic activities. Trade promotion agency Enterprise Singapore (ESG) has cut downgraded its 2020 forecast […]
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SINGAPORE – Singapore’s manufacturing sector expanded by 6.6 per cent year on year in the first quarter of 2020, on the back of increased output in several sectors, especially biomedical production. This reversed the 2.3 per cent contraction in the fourth quarter of 2019, the Ministry of Trade and Industry (MTI) said on Tuesday (May 27) and marks a turnaround […]
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(Adds quote from provincial government statement) BUENOS AIRES, May 25 (Reuters) – Argentina’s Buenos Aires Province extended the deadline for its bond restructuring negotiations until June 5, according to a statement by the provincial government on Monday, pushing back a previous deadline that had been set for May 26. “This new extension reflects the good faith talks that are taking […]
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The coronavirus pandemic has had a large effect on all sectors of the economy. Some businesses have been forced to close permanently while others have had to adapt fast and shift focus to stay viable. In the village of Fenelon Falls, Fenelon Falls Brewing Co. opened in November 2019. It quickly switched to an online model at the outset of […]
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(Adds details, context, changes headline) MILAN, May 25 (Reuters) – Italian bank Intesa Sanpaolo is expected to give a preliminary green light at a board meeting on Tuesday to a state-backed 6.3 billion euro ($6.9 billion) three-year loan for Fiat Chrysler, a source close to the matter said. Fiat Chrysler (FCA) earlier this month said its Italian unit was working […]
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SHANGHAI (REUTERS) – The yuan hovered at a more than 7-1/2-month low against the dollar on Monday (May 25), following the weakest midpoint fixing since the 2008 global financial crisis and heightened Sino-US tensions. Sentiment soured after Beijing proposed a new national security law for Hong Kong on Friday, and tensions intensified over the weekend as White House National Security […]
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On April 15, Randy Narvaez posted on Facebook that his best friend had just died of COVID-19. “Way too close to home for me,” he wrote. “Yet I still see so many people out on the street. Not obeying this ‘stay at home’ order. Come on now people, this is serious!” Narvaez worried he’d get infected, too. The 51-year-old Denver […]
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