Bank of Canada to break sequence of lower terminal rates as governments splurge
With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result in interest rates climbing above the previous peak for the first time in decades.
Italy, hosting G20, will call for tougher ‘gig economy’ rules
Italy will call for tougher rules governing ‘gig economy’ workers when it hosts labour ministers of the world’s biggest economies in the Group of 20 next week.
Here’s how governments can reduce the impacts of Asia’s devastating flash floods
Flash floods have increased and become more unpredictable, and their toll on lives and livelihoods is growing as well. There is much we still don’t know about how to manage floods, but there are key policy actions we can take now.
Explainer: Mystery behind slump in India’s Adani Group company shares
Shares of companies controlled by Indian billionaire Gautam Adani recorded their biggest weekly losses ever. The six stocks cumulatively lost 1.91 trillion Indian rupees ($25.83 billion) of value over five days through Friday.
Ferrari, Amazon’s AWS enter agreement on data
Ferrari (RACE.MI) and Amazon Web Services (AWS) have entered an agreement to make Amazon’s (AMZN.O) cloud computing unit the luxury carmaker’s cloud storage, machine learning, and artificial intelligence provider, AWS said on Friday.
Danish ‘meme stock’ Orphazyme plunges after drug setback
Orphazyme (ORPHA.CO) slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate, sending shares in Denmark’s first so-called meme stock tumbling 75% in early trading.
BOJ to launch new scheme for fighting climate change, keeps policy steady
The Bank of Japan surprised markets on Friday by unveiling a plan to boost funding for fighting climate change, joining a growing number of central banks stepping up efforts to address its economic and financial fallout.
Tesco’s UK sales growth slows as pandemic restrictions ease
Tesco’s (TSCO.L) sales growth has slowed sharply since the easing of the latest coronavirus lockdown as people start to visit pubs and restaurants again, Britain’s biggest retailer said on Friday.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
Asian shares up but set for weekly loss after hawkish Fed
Asian shares inched higher on Friday but were set for a weekly loss, while the U.S. dollar hovered near two-month highs as investors continued to digest comments from the U.S. Federal Reserve projecting interest rate hikes in 2023.
