India’s factory growth rebounded in July, hiring resumed after 15 months
Factory activity in India bounced back in July as demand surged both at home and abroad, prompting companies to create new jobs for the first time since the onset of the pandemic, a private sector survey showed on Monday.
Sydney’s lockdown is likely to be extended, and Delta variant cases are on the rise!
On Thursday, the COVID-19 Delta outbreak in Sydney, Australia’s largest city, swelled by 239 cases, the pandemic’s daily maximum surge, prompting authorities to grant police more authority to shut down companies that do not comply with lockdown orders. Over two million people in eight Sydney hotspots will be required to wear masks outside and stay […]
BASF reports second-quarter beat, says no Delta impact so far
The world’s largest chemical producer BASF (BASFn.DE) reported a better-than-expected second-quarter net profit on Wednesday, saying the spread of Delta coronavirus variant has not interrupted orders from industrial customers so far.
LVMH shares edge higher as sales and profits rise
LVMH’s (LVMH.PA) shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.
Japan’s Q3 growth forecast cut as new pandemic curbs hit: Reuters poll
Japan’s economy will grow at a slower pace than initially expected in the third quarter, as fresh coronavirus emergency curbs in Tokyo, extending through the Olympic Games, weigh on consumption, a Reuters poll found.
After COVID revenue collapse, Canadian municipalities face insurance premium spike
Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents.
Virus variants threaten global recovery, G20 warns
An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world’s 20 largest economies warned on Saturday.
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.
Global companies’ capex to hit decade-high growth this year -Refinitiv data
Global companies are set to ramp up their expansion plans this year, after being bogged down in the last few years, as economies recover from the pandemic and firms start to see higher profits and cashflows.
