UK construction industry sees biggest rise in orders since 2014 – PMI December 4, 2020 By David Milliken LONDON (Reuters) – Britain’s construction industry grew faster than expected last month, boosted by the strongest orders since 2014 amid a boom in house prices, a survey showed on Friday. The IHS Markit/CIPS construction Purchasing Managers’ Index (PMI) rose to 54.7 in November from 53.1 in October, its strongest since July and [...]
EU will launch €750bn Recovery Fund regardless of vetoes if necessary: EC December 4, 2020 The European Union will push on with its €1.8trn financial package to revive the bloc’s Covid-hit economy even if Hungary and Poland continue to try to veto the project, Economics Commissioner Paolo Gentiloni said earlier today. Budapest and Warsaw have vetoed the adoption of the €1.1trn 2021-2027 EU budget and the €750bn Recovery Fund because [...]
Biden names top economic advisers as Arizona, Wisconsin certify vote results December 3, 2020 Biden officially names Janet Yellen as Treasury secretary, setting stage for a more diverse White House
Money for less: Portugal and Spain borrow more, pay less December 3, 2020 Spain and Portugal are on track to collectively shave at least €17bn off their debt service costs by end-2022, their crisis-borrowing spree essentially underwritten by the European Central Bank. S&P Global Ratings analysis shows the two countries are set to make the saving as their 10-year bond yields teeter on the cusp of 0 per [...]
Bottoms up: Vodka maker Stock Spirits plans special dividend as lockdown home drinkers boost profit December 2, 2020 Vodka maker Stock Spirits shares are up after it said a lockdown sales surge and profit rise will result in a special dividend for investors
Covid-19: Who is winning the global vaccine race? November 30, 2020 Large global trials of several Covid-19 vaccine candidates involving tens of thousands of participants are well underway with some having gathered sufficient data to seek emergency use authorisation. The following is what we know about the race to deliver vaccines to help end the coronavirus pandemic that has claimed more than 1.45m lives worldwide: Who [...]
Tokyo Stock Exchange CEO resigns over system failure November 30, 2020 By Takashi Umekawa TOKYO (Reuters) – The head of the Tokyo Stock Exchange (TSE) stepped down over a system failure last month, the bourse’s operator said on Monday, after the disruption halted trade for an unprecedented full day and drew a rebuke from the regulator. Akira Kiyota, the head of Japan Exchange Group Inc, which [...]
Argentine prosecutors investigate death of soccer star Maradona November 29, 2020 By Jorge Otaola and Ramiro Scandolo BUENOS AIRES (Reuters) – Argentine justice officials on Sunday seized medical files from the doctor of Diego Maradona as part of their investigation into the recent death of the soccer star. Maradona died at age 60 on Wednesday after a heart attack. The search order was requested by prosecutors [...]
Swiss firms narrowly avoid ‘Responsible Business’ liability as vote divides nation November 29, 2020 By Brenna Hughes Neghaiwi ZURICH (Reuters) – Swiss firms narrowly avoided facing greater liability for human rights and environmental abuses on Sunday after a national vote rejected the proposal due to regional differences despite it winning majority popular support. In a divisive referendum, 50.7% of Swiss voters supported proposals by the Responsible Business Initiative (RBI) [...]
EU budget rules need adjustment but no debt cancellation: European Commissioner November 29, 2020 European Union budget rules need to be more consistent with expected higher levels of sovereign debt, the bloc’s economics commissioner said, but dismissed calls to cancel debt amassed during the coronavirus crisis. The idea of debt cancellation has been raised by Italy’s co-ruling 5-Star Movement, backing a proposal by EU Parliament President David Sassoli. “In [...]
