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

Forget propping up the bar in the pub for a bit, UK's Gove says

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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Lock your cars! Vehicle theft spikes in COVID-19 pandemic

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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Singapore non-oil exports forecast to shrink by 1 to 4% this year

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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Yuan hovers at 7-1/2-month low on weak fixing, Sino-US tensions

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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