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Treading with caution in 2021
LONDON: A political showdown with European Union partners. Unprecedented quantitative easing. One of the highest Covid-19 infection rates globally.
The low-debt era for Eastern Europe may be ending on virus
RIGA: There’s a shift taking place in the low-debt economies that joined the European Union after the collapse of the Berlin Wall.
US faces biggest week of 2020 with election, Fed, jobs report
THE world’s biggest economy is entering a marathon week that spans a presidential election, a meeting of the Federal Reserve and the latest snapshot of the coronavirus-hit labor market.
Moody's downgrades UK as COVID-19 and Brexit hit debt outlook
Ratings agency Moody's cut the United Kingdom's debt rating on Friday over the huge economic hit from the coronavirus crisis, Brexit and the lack of clear budget plans from Prime Minister Boris Johnson's government.
Oil rises nearly 2% as robust China trade data offsets returning supply
NEW YORK: Oil prices rebounded on Tuesday, supported by robust economic data from China that offset returning supply in other regions but gains were capped by forecasts for a slow recovery in global oil demand as coronavirus cases rise.
IMF meets with global economy on recession
CALIFORNIA: The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression, and a recovery dependent on scientists finding a coronavirus vaccine.
Lewis checks out at Britain's Tesco, leaving challenges for new CEO
LONDON: Dave Lewis steps down on Wednesday after six years as Tesco chief executive, during which he got Britain's biggest retailer back on track after an accounting crisis, leaving new challenges for his successor Ken Murphy.
Prince William and Kate Middleton can save ‘Global Britain’
SOFT power means a lot to a country like Britain, which will soon have to live off its wits outside the European Union, even as it discovers that favourable trade deals are as hard to find as Lewis Carroll’s Snark.
Electric vehicles buoy global metals market
Market gloom on minerals that will power the future lifts
Italy reopens partially
Rome: Italy reopens to travellers from Europe on Wednesday, three months after the country went into coronavirus lockdown, with all hopes pinned on reviving the key tourism industry as the summer season begins.
