Economy

Wednesday, May 27th 2020 - 07:40 UTC
People of Gibraltar reject any return to old bilateralism in the Rock's post Brexit future

The “status of Gibraltar” can be negotiated for Gibraltar by any parties other than the government of Gibraltar, and it is unacceptable to suggest that any negotiation could be between Spain and the United Kingdom. In the post-Brexit future, for the people of Gibraltar democratic legitimacy and credibility is above any return to old-style bilateralism.
Wednesday, May 27th 2020 - 07:24 UTC
Health professionals urge G20 leaders to put public health at the centre of recovery

Over 40 million doctors, nurses and other health professionals from 90 countries, including many working on the frontlines of the Covid-19 pandemic, sent a letter to G20 leaders urging them to put public health at the center of their economic recovery packages, to help avoid future crises and make the world more resilient to them.
Wednesday, May 27th 2020 - 07:19 UTC
Donald Tusk quips about Brexit mastermind Cummings and his trip

A senior European Union politician couldn't help a Brexit quip as he waded into Britain's row over Dominic Cummings, Prime Minister Boris Johnson's top adviser and mastermind of leaving the bloc who is accused of violating coronavirus travel curbs.
Wednesday, May 27th 2020 - 07:12 UTC
Jaguar Land Rover in talks with UK government on a range of issues

Jaguar Land Rover is in talks with the British government about a request for temporary state funding of more than 1 billion pounds (US$1.22 billion), Sky News said, even when the company said the report was inaccurate.
Tuesday, May 26th 2020 - 07:55 UTC
Street demonstrations in Ecuador to protests drastic economic measures

Demonstrators defied coronavirus restrictions to march in cities across Ecuador on Monday in protest against President Lenin Moreno's drastic economic measures to tackle the crisis.
Tuesday, May 26th 2020 - 07:44 UTC
China central bank will further lower interest rates to help revive the economy

China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank Governor Yi Gang said, reinforcing expectations of further support measures to revive an economy ravaged by the coronavirus pandemic.
Tuesday, May 26th 2020 - 07:42 UTC
German government rescues Lufthansa taking a 20% stake in the company

The German government and the management of flagship carrier Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro (US$9.8 billion) bailout, two people close to the matter said.
Tuesday, May 26th 2020 - 07:40 UTC
Carmen Reinhart, appointed World Bank Chief Economist

World Bank Group President David Malpass announced on Monday that Carmen Reinhart has been appointed as the new Vice President and Chief Economist of the World Bank Group. Reinhart’s appointment is effective on June 15, 2020.
Monday, May 25th 2020 - 20:59 UTC
Mexico anticipates the loss of a million jobs because of the Covid-19 pandemic

Mexican President Andres Manuel Lopez Obrador said on Sunday that the novel coronavirus could cost as many as a million jobs in the country as many industries considered not essential remain shut.
Monday, May 25th 2020 - 20:48 UTC
British government ready to rescue companies considered strategically important

British Finance Minister Rishi Sunak has authorized a bailout plan to rescue companies that are seen as strategically important, with the state expected to buy stakes in crucial businesses that are facing acute financial problems, the Financial Times newspaper reported.