Tag: 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…
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