US unemployment claims surge as Covid-19 cases ravage economy and jobs January 14, 2021 US unemployment claims surge as Covid-19 cases ravage economy and jobs
Sterling strengthens after Bank boss Andrew Bailey dismisses negative rates talk January 12, 2021 The pound is stronger against the US dollar and the euro this evening after comments from Andrew Bailey
Formula One postpones Australian GP, China uncertain January 12, 2021 By Alan Baldwin LONDON (Reuters) – Formula One postponed the Australian Grand Prix from March to November, with Bahrain opening the season and China’s race left hanging, as COVID-19 forced the sport to rewrite the 2021 calendar on Tuesday. Italy’s Imola circuit was added to the record 23-round schedule as the second race on April [...]
Boeing to pay $2.5 billion to settle U.S. criminal probe into 737 MAX crashes January 8, 2021 Plane maker Boeing will pay over $2.5bn to resolve the US Justice Department's investigation into two deadly 737 Max crashes that killed 346 people, the Justice Department said
With little ado, a divided United Kingdom casts off into the Brexit unknown January 3, 2021 By Guy Faulconbridge and Kate Holton LONDON (Reuters) – The United Kingdom began the New Year outside the European Union’s orbit on Friday after ending a tempestuous 48-year liaison with the European project, its most significant geopolitical shift since the loss of empire. Brexit took effect in substance on Thursday at the strike of midnight [...]
BioNTech founders warn of vaccine supply gaps -Spiegel January 1, 2021 By Douglas Busvine BERLIN (Reuters) – BioNTech is working flat out with partner Pfizer to boost production of their COVID-19 vaccine, its founders said, warning there would be gaps in supply until other vaccines were rolled out. The German biotech startup has led the vaccine race but its shot has been slow to arrive in [...]
In Calais, first trucks cross new customs border with UK January 1, 2021 Moments after Britain completed its divorce with the European Union, the first trucks hauling goods across the new customs border presented their clearance documents to French agents before loading onto a train to pass through the Eurotunnel. A barcode on Romanian driver Toma Moise’s paperwork was scanned and approved in seconds. “The future, I don’t [...]
Wall St closes higher, dollar drops as remarkable year winds down December 30, 2020 By Stephen Culp NEW YORK (Reuters) -Wall Street ended the session in positive territory and the dollar dipped to its lowest in more than two years on Wednesday, the penultimate trading day in a remarkable year of pandemic, recession and recovery. All three major U.S. stock indexes gained modestly, but short of all-time closing highs [...]
Defying Trump, McConnell puts off vote on $2,000 checks, urges override of defense bill veto December 30, 2020 By David Morgan and Susan Cornwell WASHINGTON (Reuters) – Senate Majority Leader Mitch McConnell on Tuesday put off a vote on increasing COVID-19 relief checks from $600 to $2,000 and urged senators to override President Donald Trump’s veto of a defense bill, in a rare challenge to his fellow Republican three weeks before Trump leaves [...]
BoE’s Haldane: Bank must have ‘laser focus’ on inflation December 23, 2020 The Bank of England must have a “laser focus” on keeping inflation expectations in check once the COVID-19 crisis eases, the central bank’s Chief Economist, Andy Haldane, said in an interview with Bloomberg. “The last thing the world needs right now is a nasty inflation surprise,” Haldane said, echoing comments he made on Nov. 28. [...]
