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…

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…

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…

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…

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…

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…