Euro zone recovery faces risks from virus mutations, ECB’s Lagarde says
The euro zone economy may well avoid the most pessimistic scenario envisaged at the start of the COVID-19 pandemic but it still faces risks from virus mutations, European Central Bank President Christine Lagarde said on Thursday.
Boom! U.S. consumers hit by rising prices for Fourth of July fireworks
U.S. consumers already grappling with surging prices for air fares, rental cars and some hotels this Independence Day holiday weekend have another headache to add to the list: the cost of fireworks.
What inflation? Pandemic leaves emerging Asia’s consumer recovery behind
Asia’s once fast-growing economies are struggling with weak domestic demand that is keeping a lid on inflation in contrast to some developed markets, heightening the chance many central banks will forgo interest rate hikes this year.
International tourism not seen rebounding until 2023 – UN report
International tourism arrivals are set to stagnate this year, except in some Western markets, causing up to $2.4 trillion in losses, a U.N. study said on Wednesday, adding the sector is not expected to rebound fully until 2023.
European shares fall on inflation, pandemic woes
European shares fell on Wednesday as worries about rising inflation and the Delta variant of the novel coronavirus hit economically sensitive sectors, even as technology stocks tracked an overnight surge in their U.S. peers.
Global shares edge lower on new COVID-19 outbreaks in Asia
Global shares edged lower on Tuesday, as new coronavirus outbreaks in Asia vied with strong U.S. consumer confidence, and as investors speculated about whether the Federal Reserve would accelerate its timetable to end easy monetary policy.
Uber to let office staff work up to half their time from anywhere -source
Uber Technologies Inc (UBER.N) will let employees work half their hours from wherever they want as part of its revamped return-to-office strategy, the transport app company plans to announce on Tuesday, according to a person familiar with the matter.
Pandemic boom drives UK house prices up by most since 2004
British house prices jumped by the most in more than 16 years this month, soaring by 13.4% from June 2020, and demand is expected to stay strong while a coronavirus emergency tax break remains in place, mortgage lender Nationwide said.
Japan’s retail sales rise for 3rd month, but overall trend still soft
Japanese retail sales beat expectations in May as households loosened their purse strings, but underlying trends in consumption remain hostage to COVID-19-linked pressures and suggest the economic recovery will take time to gather steam.
U.S. biofuel groups urge EPA to curb oil refinery waivers despite ruling
U.S. biofuel and corn industry groups said on Monday they are urging the Environmental Protection Agency to use restraint in its use of waivers exempting refiners from their biofuel blending obligations after the Supreme Court last week upheld the controversial program.
