Global luxury sales set to outpace pre-COVID levels this year, Bain says
The luxury goods sector is set to move past the coronavirus crisis this year, fuelled by domestic spending in the United States and China, particularly on high end shoes, leather goods and jewellery, consultancy Bain said on Thursday.
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
A deal for the Italian government to sell Monte dei Paschi (BMPS.MI) to UniCredit (CRDI.MI)collapsed on Sunday after the two sides failed to agree terms.
Fear and employment during the COVID-19 pandemic: Evidence from search behavior in the EU
The COVID-19 pandemic and ensuing Great Lockdown came with an unseen level of economic uncertainty. This column uses Google search data to document the substantial increase in people’s economic anxiety and the coinciding slowdown in European labour markets in the months following the outbreak.
Tunisia leader picks first woman as PM at moment of crisis
TUNIS, Sept 29 (Reuters) – Tunisian President Kais Saied named Najla Bouden Romdhane, a little-known university engineer with World Bank experience, as prime minister on Wednesday nearly two months after he seized most powers in a move his foes call a coup. Romdhane, Tunisia’s first woman prime minister, will take office at a moment of […]
Fed’s Rosengren says central bank needs to keep eye on financial stability risks
Federal Reserve officials need to keep a close watch on financial stability risks, and rising home prices in particular should be monitored, Boston Fed President Eric Rosengren said on Wednesday.
Boeing faces rocky path to gaining approval for 737 MAX return in China
Trade power tensions, regulatory hurdles and attempts by the West to counter Chinese competition are delaying a return of the 737 MAX in China, frustrating Boeing Co (BA.N) as a potential rival demonstrates its growing influence.
BOJ may start debate on stimulus retreat in 2023, former c.banker says
The Bank of Japan may be able to start debating ways to phase out its extraordinary stimulus programme, such as by ditching negative interest rates, in 2023, said former central bank executive Eiji Maeda.
The $15 billion jet dilemma facing Boeing’s CEO
Boeing Co CEO Dave Calhoun faces a multibillion-dollar dilemma over how to rebuild sales in its core airliner business that has sparked an internal debate and put the future of the largest U.S. exporter on the line, industry insiders say.
Asian shares up, dollar wallows as Fed soothes inflation fears
Asian shares rose on Wednesday while the U.S. dollar stood near its lowest levels this year after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, providing yet more assurance to investors worried about the inflation outlook.
Ahead of jobs miss, some Fed officials edged towards ‘taper’ debate
A “number” of Fed officials appeared ready to consider changes to monetary policy based on a continued strong economic recovery, according to minutes of the U.S. central bank’s April meeting, but data since then may have already changed the landscape.
