According to a senior executive, AstraZeneca is exploring options for the future of its COVID-19 vaccine. The company anticipates greater clarity on the matter by the end of the year. The announcement came amid a series of setbacks in its race to produce a vaccine for the world. Executives insisted it was too early to …
AstraZeneca to explore options of its vaccine’s future Read More »
According to the latest news, China’s securities regulator announced that the Asian giant will continue to allow Chinese companies to go public in the United States. However, However, they should meet the listing requirements. Remarkably, regulatory actions in the last few weeks has raised investor anxieties that China is aiming to block foreign capital flows …
China continues to allow Chinese firms to go public in U.S. Read More »
According to the latest news, Sydney, Australia’s most populated city, extended a lockdown by four weeks. The decision came after stay-at-home order failed to douse a coronavirus outbreak. The government issued stay-at-home order for the city of 5 million people until August 28. As we know, persistently high infections numbers since a flare-up of the …
Sydney extended a lockdown by 4 weeks as COVID cases grow Read More »
According to the latest news, Goldman Sachs cut its forecast for U.S. economic activity in the third and fourth quarters of 2021. A leading global investment banking named sluggish consumer spending on services and the threats posed by the Covid-19 Delta strain as the reason for this. Throughout the coronavirus pandemic and the start of …
Goldman Sachs cut U.S. economic activity forecast in Q3, Q4 Read More »
According to a new report, Gen X workers aged 45 and older may suffer from a global unemployment. Meanwhile, the COVID-19 pandemic adds to existing challenges for older workers. The report from Generation, a non-profit employment organization, showed that rapid digital adoption during the COVID-19 pandemic has accelerated the automation of jobs and worsened underlying …
Gen X workers aged 45+ may suffer from a global unemployment Read More »
Analysts say that nightclubs and bars are fast becoming the new battleground in the fight against coronavirus pandemic. As we know, some economies decided to reopen the nocturnal economy. Therefore, the decision prompted COVID-19 infection to skyrocket. Moreover, infections rates are especially high among young people. Europe is facing a resurgence in coronavirus infections. The …
Nightclubs and bars are a new battleground against COVID-19 Read More »
According to a Reuters poll, Australia’s economy will take a toll this quarter by renewed lockdown restrictions. As we know, the country faces an increasing number of coronavirus infections. Therefore, the government try and contain the spread of the virus. The Australian economy declined by 2.4% last year amid the coronavirus pandemic as borders and …
New restrictions will affect Australia’s economy in Q3 Read More »
According to Tuesday’s data, Japan’s core consumer price gained 0.2% in June from the same period a year ago. It marked the faster annual gain in over a year. However, the rise was much smaller than that of other leading economies due to weak consumption. It was largely driven by higher energy costs. Additionally, it …
Japan’s core inflation saw a faster annual gain in 15 months Read More »
The United Kingdom’s economy will increase rapidly this quarter as COVID restrictions lift and unleash further pent-up demand. However, growth is at risk from new variants of coronavirus. As we know, Britain has witnessed the highest death toll in Europe from the pandemic. However, the progress in the vaccine front has allowed the government to …
The U.K. will expand this quarter as restrictions are lifted Read More »
According to the latest news, Singapore posted its strongest economic growth in 11 years in the second quarter of 2021. As we know, the Southeast Asian country witnessed its worst economic decline a year ago due to the coronavirus pandemic. Estimates by the Ministry of Trade and Industry show that the country’s economy increased by …
Singapore saw strongest economic growth in 11 years in Q2 Read More »
According to investment bank UBS, China’s move to cut the reserve requirement ratio (RRR) could increase markets sentiment. RRR represents the amount of money that banks must hold as a proportion of their total deposits. UBS also added that the move could be good news for stocks in certain sectors. On Friday, the People’s Bank …
China cuts the reserve requirement ratio by 50 basis points Read More »
According to Italian Central Bank Governor Ignazio Visco, it’s not time to end emergency stimulus measures yet. Visco announced at G-20 on Sunday that recovering economies along with summer tourism opening in many parts of the eurozone is not a reasonable reason to end stimulus measures yet. Visco announced it is an emergency program that …
ECB’s Visco says it’s too soon to end emergency stimulus Read More »
According to the latest data, Covid cases in the UK have quadrupled in the month since early June, ahead of Prime Minister’s plan to fully reopen the economy on July 19. Meanwhile, official figures show that COVID infections have risen above 30,000 for the first time since January. Wednesday’s data reveals that there had been …
COVID cases in the UK soar, facing the worst labor shortage Read More »
According to Japan’s government, the world’s second-largest economy will recover to pre-pandemic levels by the end of 2021. The government announced that Japan’s economy is helped by solid exports and consumer spending, supported by progress in vaccinations. The government now anticipates that during the fiscal year to end-March, the economy will expand 3.7%. Remarkably, the …
Japan will recover to pre-pandemic levels in 2021 Read More »
On Monday, Germany’s health agency announced that it would lift a ban on most travelers from the United Kingdom, India, Nepal, Portugal, and Russia. Remarkably, those countries faced surging cases of the highly infectious Delta variant of Covid-19. According to the Robert Koch Institute (RKI), all five countries would be reclassified from Wednesday as high-incidence areas. It …
Germany lifted a ban on British, Indian, and other travelers Read More »
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