The United Kingdom’s economy declined less than feared in January as the country went back into a COVID-19 lockdown. However, trade with the European Union took a hard hit at the start of the post-Brexit trading relationship. Economists had expected a reduction of 4.9%. The country’s economy is likely to decline by 4% in the …
The United Kingdom’s economy fell by less than feared Read More »
The $1.9 trillion American Rescue Plan Act that U.S. President Joe Biden will sign into law on Friday offers a number of provisions to support small businesses. Significantly, it authorizes another $7.25 billion for the Paycheck Protection Program. It offers loan annulments to small businesses and other organizations hardly affected by the coronavirus pandemic. However, …
Paycheck Protection Program will expire on March 31 Read More »
After falling into a recession for the first time in a quarter of a century, India’s economy should is likely to recover in 2021. According to a forecast published Tuesday by the Organization for Economic Cooperation and Development, India’s gross domestic product is projected to increase by 12.6% during the country’s fiscal year starting in April. If …
Japan’s economy grew at a slower-than-initially-reported pace in October-December, with firms tightening spending on plant and equipment as the COVID-19 pandemic clouded their business plans. The slower growth was mainly caused by a sharper contraction in private inventories and capital expenditure expanding less than estimated in Q4, even as exports remained solid. According to data, …
According to the latest news, in China, police made 80 arrests at a factory allegedly making a fake vaccine. Three Chinese citizens and a Zambian were arrested at a Gauteng warehouse, with ampoules containing 2,400 doses. On Thursday, the European Union’s crime agency Europol issued a warning about fake online vaccines. According to Europol spokesperson Jan Op …
Police made 80 arrests for making a fake vaccine Read More »
According to the latest news, the largest and oldest electric power cooperative in Texas filed for bankruptcy protection in Houston, citing $1.8 billion debt. Brazos Electric Power Cooperative Inc supplies electricity to over 660,000 consumers across the state. One of the dozens of providers is suffering huge charges arising from a severe cold snap last …
The House passed a $1.9 trillion relief bill late last week. The proposal now heads to the Senate in a race to approve the large COVID-19 relief package before certain programs end before April. The package includes: $ 1,400 stimulus checks. $ 400 payments in federal jobless benefits. Funds for COVID-19 testing and vaccines. The …
U.S. Jobless benefits will expire by the end of the March Read More »
Locals of Bhopa say that a white van arrived in their neighborhood and offer to take the COVID-19 vaccine, and instead, they would give them 750 rupees ($10). According to people, who recalled hearing it back in December, 750 rupees was about twice what they’d usually earn for a day’s hard labor, and they agreed. …
Locals of Bhopa were part of Cov.vaccine clinical trials Read More »
According to the latest news, on Wednesday, U.S. President Joe Biden canceled a Trump proclamation that blocked several green card holders from entering the country. He announced that the order did not advance U.S. interests and hurt industries and individuals. President said in a proclamation revoking the measure that it harms the U.S., including restricting …
According to Hong Kong’s financial chief announcement, the city’s economy is expected to increase by up to 5.5% this year, depending on the management of the COVID-19 pandemic. Under the 2021-2021 budget presented by Financial Secretary Paul Chan, the Hong Kong government will launch HK$120 billion, which equals $1.5 billion, worth of measures to recover …
Hong Kong’s economy is set to boost 3.5% to 5.5 in 2021 Read More »
On February 22, London-listed trading platform IG announced it would withdraw a number of its riskier equities products. The announcement came after a frenzy of stock market bets by small U.S. investors earlier this year triggered huge swings in some shares prices. In response to a Financial Times story, IG reported it would be withdrawing …
IG will withdraw a number of its riskier equities products Read More »
Analysts say that India-UK bilateral relations will touch a new high in the post-corona world. India is expected to be a priority country for Britain, leading to an improved economic partnership. Based on Britain Meets India report, developed by CII and Grant Thornton Bharat, FDI inflow from the United Kingdom to India for a particular …
India expected to be priority country for Britain Read More »
Economies’ attempts to halt the COVID-19 pandemic’s crippling constraints on their activity and output have boosted global debt to unprecedented levels. Based on the Institute of International Finance announcement, the response to the coronavirus crisis added $24 trillion in public and private sector debt last year, bringing the global total to $281 trillion. The global …
COVID added $24t in public and private sector debt Read More »
According to the statistics office, Germans’ nominal earnings declined for the first time in over a decade. Data revealed that the COVID-19 pandemic had a more severe impact on earnings than the 2007 – 2008 financial crisis. Months of lockdown directed at containing the virus’s spread have had a destructive influence on the global economy, …
Germans’ nominal earnings fell for the first time in years Read More »
The country’s government is willing to take measures to deal with issues created by the coronavirus pandemic. Singapore’s government made an interesting announcement. It is worth mentioning that, the government announced a new fiscal package worth 11 billion Singapore dollars ($8.3 billion) to support Covid vaccination efforts as well as economic segments affected by the …
Singapore’s Government is Ready to Support the Economy Read More »
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