The relaxation of COVID restrictions resulted in a 4.8 percent increase in the US economy!
Following the loosening of Covid 19 limitations, the UK economy appears to be on the upswing. According to data from the Office for National Statistics, retail, restaurants, and hotels all contributed to the increase in GDP. As schools resumed in the second quarter, education bolstered the economy as well. According to official estimates, the UK […]
China’s economy under pressure as factory activity slows in Aug, services contract
China’s businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likelihood of more near-term policy support to boost growth.
Oil prices drop as IEA warns of slowdown in demand recovery
Oil prices declined on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand.
German industrial orders bounce back, but supply bottlenecks weigh
German industrial orders rose more than twice as much as expected in June, driven by bookings from domestic clients for large manufacturing products, but weaker turnover suggested that supply bottlenecks continued to hold back production.
IMF raises growth forecasts for rich nations, dims outlook for developing world
The International Monetary Fund on Tuesday maintained its 6% global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections.
Netflix growth plan tops Wall St watchlist as lockdown love fades
Netflix Inc’s (NFLX.O) plans to revive its slowing subscriber growth will be in focus when it reports second-quarter results on Tuesday, as lockdown binge-watching subsides and competition from Disney+ and HBO Max ramps up.
S&P 500 and Nasdaq end lower after hitting record highs
The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.
UK’s post-lockdown hiring boom hits record pace – REC
Britain’s post-lockdown hiring boom roared on in June as employers signed up the most permanent staff since at least the late 1990s and a shortage of candidates hit unprecedented levels, driving up starting pay, a survey showed on Thursday.
U.S. industry groups, lawmakers press White House to lift travel restrictions
A coalition of 24 industry organizations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official told Reuters late on Wednesday reopening will need more discussion.
UK government set for leading role in insuring live entertainment
The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theatre and sports, to allow them to go ahead despite the pandemic, insurance industry sources said.
