Global property markets ready to soar this year
Residential property markets in major economies will soar this year on huge monetary and fiscal support and amid a recovery from the pandemic, according to Reuters polls, which showed risks for prices skewed to the upside.
Lordstown Motors says 2021 production will be half of expectations
Lordstown Motors Corp (RIDE.O) said on Monday that 2021 production of its Endurance truck will be half of prior expectations and that the electric vehicle startup needs additional capital to execute its plans, sending shares down 9.5% in after-hours trading.
Analysis: The Fed thinks it can have it all: strong economy, job growth, stable inflation
Tension between sticky job markets and rising prices could pose a growing problem for U.S. Federal Reserve officials who have staked an aggressive monetary policy on the belief they can avoid a conflict between returning U.S. employment to pre-pandemic levels and keeping inflation under control.
Big banks look for post-pandemic rebound of credit card revenue
Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses.
EU leaders to debate who will pay for green transition
European Union leaders meet on Tuesday to debate how to split the efforts and costs of the bloc’s shift to a low-carbon future, at a summit that will set the tone for an upcoming revamp of EU climate change policies.
SoftBank CEO slams Olympics as Japan races to catch up on vaccinations
Japanese tycoon Masayoshi Son warned of significant dangers around holding the Olympics in Tokyo, where the government on Monday kicked off a mass vaccination drive to catch up with other countries and ensure a “safe and secure” Games.
India’s Cadila to produce up to 30 mln COVID-19 vaccine doses a month – executive
India’s Cadila Healthcare (CADI.NS) is aiming to triple monthly production of a COVID-19 vaccine candidate to as many as 30 million doses, its managing director said on Monday, as the country battles a massive wave of infections.
G20 health summit looks to boost vaccine access, drugmakers to offer cut-price shots
Leaders of the world’s largest economies kicked off a global health summit on Friday, where drugmakers were expected to promise cut-price supplies of vaccines for poorer nations to help end the COVID-19 pandemic.
Will bankers embrace sensors under their desks when they return to work?
Reservation systems for seats. Algorithms that say whether a location is crowded or not. Cameras to show what’s happening in real-time. Trackers that let others know you are there.
Analysis: How the post-pandemic labor crunch is curbing U.S. manufacturing
A foundry in Indiana couldn’t ship $1.6 million worth of metal parts to customers last month because it didn’t have enough workers to make them, while a Massachusetts plastics factory has outsourced nearly a quarter of its business to subcontractors to keep up with orders it otherwise couldn’t fill.
