By Yoruk Bahceli, Dhara Ranasinghe LONDON (Reuters) – Debt sales to fund Europe’s pandemic-linked unemployment scheme kick off later this month, a test run for groundbreaking plans to transform the European Union into one of the world’s largest bond issuers in less than a decade. FILE PHOTO: People enter a […]
recovery
The significant impacts an EU recovery fund would have
  Author: Alex Katsomitros September 3, 2020 The announcement dropped like a bomb in European capitals, most of which were still under strict lockdowns. In a joint press conference, German Chancellor Angela Merkel and French President Emmanuel Macron proposed an EU recovery fund that would offer €500bn ($569.2bn) in grants […]
Euro zone economic recovery in danger as services slide
By Jonathan Cable LONDON (Reuters) – Euro zone business growth ground to a halt this month, throwing the economic recovery into question, as fresh restrictions to quell a resurgence in coronavirus infections slammed the services industry into reverse, a survey showed on Wednesday. The renewed downturn in the dominant services […]
Terry McAuliffe column: A federal privacy law Is essential to economic recovery | Columnists
Witness the recent case in which police use of ineffective facial recognition technology led to the arrest of an innocent African American man in Detroit. And while states are starting to step up to fill the gaps, a state-by-state approach will lead to conflicting privacy standards and leave Americans inconsistently […]
Euro Zone Economic Recovery in Danger as Services Slide | Investing News
LONDON (Reuters) – Euro zone business growth ground to a halt this month, throwing the economic recovery into question, as fresh restrictions to quell a resurgence in coronavirus infections slammed the services industry into reverse, a survey showed on Wednesday. The renewed downturn in the dominant services sector, which is […]
Sell MGM Stock, Because the Recovery for Las Vegas Will Be Slower, Analyst Says
Text size MGM’s Bellagio Hotel and Casino in Las Vegas. Roger Kisby/Bloomberg MGM Resorts shares were lower on Monday following a downgrade from Goldman Sachs, which warns that bulls are making a bad bet when it comes to the casino operator. Analyst Stephen Grambling cut his rating on MGM (ticker […]
Euro Zone Recovery Lost Momentum in August as Economies Diverge | Investing News
LONDON (Reuters) – The euro zone’s rebound from its deepest economic downturn on record faltered in August, surveys showed on Thursday, with some countries in the bloc suffering more than others from restrictions imposed to limit the spread of the coronavirus. Overall growth in the dominant service industry – which […]
U.S. weekly jobless claims below one million; but labor market recovery ebbing
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell below 1 million last week for the second time since the COVID-19 pandemic started in the United States, but that does not signal a strong recovery in the labor market. The drop in initial claims to […]
Economic recovery stalls as consumers signal caution
NEW YORK (AP) — The U.S. economy’s economic engine may be running out of fuel. Consumer spending accounts for about 70{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} of the U.S. gross domestic product, making it the single most important factor in recovering from one of the worst recessions on record. Spending plunged an unprecedented 12.9{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} in […]
Emirates optimistic on network recovery by summer 2021; operates one-off A380 flight to PH’s Clark airport
MANILA, Philippines, Sept. 3, 2020 /PRNewswire/ — International airline Emirates indicated optimism that it will be able to operate 100 percent of its network of destinations by summer of next year, returning to serving more than 140 cities, and gradually putting its Airbus A380 fleet back into service on routes […]
Pre-COVID Data About US Entrepreneurs Offers Promise for Economic Recovery
WELLESLEY, Mass., Sept. 2, 2020 /PRNewswire/ — In the United States, total entrepreneurial activity (TEA) increased to 17.4{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} in 2019, a 10{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} increase over 2018 and the highest level reported in the Global Entrepreneurship Monitor’s 21-year history. Additionally, established business activity in 2019 was up by more than one-third of […]
Recession recovery: Personal tax cuts central to Treasurer Josh Frydenberg’s economic plan
Australians will likely receive fast-tracked personal tax cuts as the nation’s treasurer plots a path out of recession. Josh Frydenberg is stitching together a federal budget in the face of a whopping seven per cent collapse in economic activity. More than one million people are unemployed and another 400,000 could […]