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The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.
Employment in the euro area declined at a record pace in the second quarter as the imposition of the coronavirus containment measures dragged the currency bloc into a historic recession, flash estimates from Eurostat revealed Friday. Another report from Eurostat showed that the trade surplus nearly doubled in June from the previous month as the growth in exports far exceeded […]
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Even before the coronavirus crisis hit, many of us were starting to think harder about how we spent our money. Now, with incomes squeezed for some and the pandemic putting the spotlight on the most vulnerable sections of society, there is even more cause to consider where your cash is going. Here we look at some simple switches you can […]
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(Rewrites, updates prices) JOHANNESBURG, Aug 14 (Reuters) – South Africa’s rand was set to end the week on a firmer footing, even though its recent rally has been slowed by the return of rolling nationwide power cuts and more signs that the domestic economy remains under pressure. At 1515 GMT the rand was 0.26% firmer at 17.3725 per dollar, and […]
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Tinder owner Match Group and music giant Spotify have made a public display of support for Epic Games, whose mega-popular “Fortnite” was booted from Apple’s App Store and the Google Play Store after it introduced a new payment system that allowed it to circumvent the shops’ steep 30 percent fees. The dating juggernaut, which also owns popular dating apps like […]
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Americans likely won’t have to pay for a coronavirus vaccine once researchers have one ready, according to reports. The US government plans to pick up the tab for the hundreds of millions of vaccine doses that pharmaceutical firms are racing to produce, The Wall Street Journal reported. The feds are also reportedly talking with insurance companies to make sure patients […]
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The Colorado economy is making a strong comeback, but not one strong enough to restore all the jobs lost in March and April by the end of the year, according to a revised economic forecast from the Leeds Business Research Division at the University of Colorado Boulder. In December, the annual Colorado Business Economic Outlook predicted the state would add […]
Read more STOCKHOLM, Aug 14 (Reuters) – Airline SAS said on Friday its main owners had approved a revised rescue plan after it made changes to a key part of the deal earlier this month. In June, the airline agreed a 14 billion crown ($1.61 billion) plan with top shareholders including Sweden and Denmark to shore up its finances amid the coronavirus-related […]
Read more * Turkey’s lira stumbles for third straight session * Underwhelming China data subdues risk appetite * EM stocks, FX indexes still headed for weekly gains * U.S.-China talks about Phase 1 trade deal awaited By Shreyashi Sanyal Aug 14 (Reuters) – Emerging market currencies fell on Friday as the dollar firmed on bleak data from China, while Turkey’s lira hit […]
Read more (Adds trade data with UK, details on GDP) By Francesco Guarascio BRUSSELS, Aug 14 (Reuters) – The euro zone’s trade surplus with the rest of the world ballooned in June to 21.2 billion euros ($25 billion) as the bloc’s drop in imports of goods outpaced the fall of exports amid a global slide in trade due to the COVID-19 pandemic. […]
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KUALA LUMPUR (REUTERS) – Malaysia’s economy shrank by 17.1 per cent in the second quarter from a year earlier, its worst contraction in over two decades, as strict coronavirus measures at home and abroad slammed consumer spending and exports, the central bank said on Friday (Aug 14). The downturn was far worse than the 10.0 per cent decline forecast in […]
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