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LONDON: The risks to the pound’s 2021 recovery may be becoming too numerous to bear as Britain’s currency looks poised to end a five-month winning streak.
IN the annals of 21st Century capitalism, Covid-19 will go down as a pressure cooker.
IMF said a strong recovery in 2021 remains subject to considerable downside risks and noted that macroeconomic policies should remain supportive until the recovery is fully entrenched.
Oil prices are rebounding thanks to an extended Opec+ production cut, a surge in demand as economies recover from the coronavirus pandemic, and the beginning of a supply reaction from a year of both diminished production and inventory draw-downs.
BRASILIA (Reuters) - A day after overturning graft convictions of Brazil's leftist former President Luiz Inacio Lula da Silva, the Supreme Court was split on Tuesday on whether to throw out evidence against him, which could clear his name ahead of a possible 2022 presidential run.
WITH the second wave of the pandemic came the second lockdowns – and now evidence of the second household savings stash, too.
LONDON: British finance minister Rishi Sunak said he would not try to fix the public finances overnight, days before he presents a budget statement that is expected to include further heavy borrowing to steer the economy through the COVID-19 crisis.
ROME (Reuters) - New Italian Prime Minister Mario Draghi unveiled his policy programme in his maiden speech to the upper house Senate on Wednesday ahead of a mandatory confirmation vote he is expected to win comfortably.
WASHINGTON/LONDON: U.S. President Joe Biden's administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump.
ROME (Reuters) - Mario Draghi, the former head of the European Central Bank, confirmed on Friday he was ready to form Italy's next government and unveiled a cabinet with a mix of technocrats and politicians.