Economic News (3rd Party)

UK new car sales post smaller slump in June

UK new car sales post smaller slump in June

Published 06/07/2020

LONDON (Reuters) - British new car registrations fell by an annual 35% in June, the smallest drop since February, as many dealerships reopened after coronavirus [more…]

Don’t forget us! Paris tour guides protest outside Louvre

Don’t forget us! Paris tour guides protest outside Louvre

Published 06/07/2020

PARIS (Reuters) - Several dozen Paris tour guides wearing masks and holding Mona Lisa portraits protested outside the Louvre museum on Monday for more support [more…]

UK’s Sunak plans tax cuts to boost COVID recovery, The Times reports

UK’s Sunak plans tax cuts to boost COVID recovery, The Times reports

Published 06/07/2020

LONDON (Reuters) - British finance minister Rishi Sunak will try to restart the country’s economy by giving homebuyers a tax break and cutting value-added tax [more…]

UK hopes for socially distanced performances at cultural venues, minister says

UK hopes for socially distanced performances at cultural venues, minister says

Published 06/07/2020

LONDON (Reuters) - Britain hopes to permit outdoor and socially distanced performances at cultural venues, minister Oliver Dowden said on Monday, after announcing a nearly [more…]

Moderate rebound in German industry orders points to slow recovery

Moderate rebound in German industry orders points to slow recovery

Published 06/07/2020

BERLIN (Reuters) - Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous [more…]

One fifth of German firms fear for their survival amid pandemic: Ifo

One fifth of German firms fear for their survival amid pandemic: Ifo

Published 06/07/2020

BERLIN (Reuters) - Around one fifth of German companies (21%) believe their survival is threatened by the coronavirus crisis, Germany’s Ifo institute said on Monday, [more…]

Balance of risk now more favourable for euro economy – ECB’s Knot

Balance of risk now more favourable for euro economy – ECB’s Knot

Published 03/07/2020

AMSTERDAM (Reuters) - The risk of a deeper economic euro zone recession than predicted in the European Central Bank’s (ECB) baseline scenario has diminished, ECB [more…]

ECB lowers bar for bank mergers in hope of spurring consolidation

ECB lowers bar for bank mergers in hope of spurring consolidation

Published 01/07/2020

FRANKFURT (Reuters) - The European Central Bank is lowering the bar for bank mergers in the euro zone, hoping to encourage an elusive wave of [more…]

Canada GDP likely to rise 3% in May on gradual reopening

Canada GDP likely to rise 3% in May on gradual reopening

Published 30/06/2020

OTTAWA (Reuters) - Canada’s real GDP is likely to grow 3% in May, bouncing back from a record decline in April, Statistics Canada said in [more…]

Goodbye Dubai: Photographer captures laid-off expat families as they leave

Goodbye Dubai: Photographer captures laid-off expat families as they leave

Published 30/06/2020

DUBAI (Reuters) - Louisa Sumagui and her family wanted a final momento of their 12 years in Dubai before returning to Australia after losing jobs [more…]