Avainsana: economy
Germany to contribute 42% more to EU budget: report
The European Commission would like to see €13 billion more per year from Europe’s largest economy. EU leaders, including Angela Merkel, are meeting Friday to…
Systemic racism slows economic growth: Dallas Fed chief Kaplan
Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said…
Italian farmer’s stark choice – pay to fly workers back or go bankrupt
Due to the coronavirus pandemic farmers in Italy have resorted to chartering private planes to bring back seasonal workers to help with the summer harvest. …
Climate crisis to blame for $67bn of Hurricane Harvey damage – study
At least $67bn of the damage caused by Hurricane Harvey in 2017 can be attributed directly to climate breakdown, according to research that could lead…
Starbucks forecasts over $2 billion drop in quarterly income as COVID-19 hits
Starbucks Corp (SBUX.O) said on Wednesday it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest…
’Rolling lockdowns’ could protect both health and economies in poorer countries, scientists say
With no vaccine and no cure yet available for COVID-19, the main approach to controlling the coronavirus pandemic has so far relied on keeping people…
Supercharging Europe’s bio based economy
Smart Regions takes a look at a European project that is significantly scaling up the production of bio based products. Breast milk is full of…
It’s official: U.S. economy entered recession in February
The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research…
Japan’s economy braces for worst postwar slump despite capex gains in first-quarter GDP
Japan’s economy shrank less than initially estimated in the first quarter but the broad impact from the coronavirus crisis is still expected to send the…
Cheap holidays target locals across tourism-reliant Southeast Asia
With cash flow drying up at Thailand’s popular beach resort of Phuket, hotels are racing to restart tourism — starting with local travelers. “If nothing…
Northern Ireland faces ’potent threat’ from Brexit and Covid-19
Northern Ireland faces a “potent threat” to its prosperity and stability if reduced business confidence due to uncertainty over post-Brexit trading rules compounds the economic…
ECB expected to pump up eurozone support as pandemic persists
The European Central Bank could announce Thursday hundreds of billions of euros in new bond-buying to keep fighting the pandemic crisis, analysts predict, as EU…
EU economy to rebound ‘quite strongly’ next year says Commission’s Dombrovskis
The EU economy should rebound ”quite strongly” next year, the European Commission’s vice president told Euronews, touting his team’s plans for an ambitious coronavirus recovery…
EU’s Von der Leyen to unveil trillion-euro recovery plan
European Union chief Ursula von der Leyen will on Wednesday propose a roughly one-trillion-euro post-virus recovery fund for Europe, but will have to win over…
Global healthcare groups join calls for green, healthy Covid-19 recovery
More than 40 million healthcare professionals from around the world have urged global leaders to build a healthy, climate-friendly economic recovery from the coronavirus crisis,…
Russian economy to shrink 9.5% in Q2 in virus standstill: minister
Russia’s economy is forecast to shrink by 9.5 percent in the second quarter of 2020 compared to the same period last year, while yearly GDP…
US economy risks ’permanent damage’ from long lockdowns, Mnuchin warns
The US economy risks “permanent damage” if coronavirus lockdowns continue for months, the treasury secretary Steve Mnuchin has warned Congress. Mnuchin’s comments came in a…
IMF chief warns full global economic recovery unlikely in 2021
The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the…
US facing severe crisis, but not a depression: Fed’s Powell
The US is facing a severe economic downturn amid the global pandemic, but will not suffer another Great Depression and will see a recovery begin…
Fed’s Powell: Economy may need vaccine for full recovery
The world’s top economy may not see a full recovery without a vaccine to treat COVID-19, Federal Reserve Chair Jerome Powell said Sunday. After more…














