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Monday, August 10, 2020

Economy

Find the latest economic news, current events and headlines about Economy, as well as blogs and video from The Union Journal

The Trump administration will reimpose tariffs on certain aluminium imports from Canada, escalating trade tensions just weeks after a new trade agreement between the US, Canada and Mexico went into effect.  President Donald Trump said on Thursday that he would put tariffs of 10 per cent on unalloyed and unwrought...
The Bank of England on Thursday stuck to its view that the UK economy will bounce back rapidly at first from the coronavirus crisis. But the central bank’s latest forecasts suggest it will be a long, slow grind before output and employment return to pre-pandemic levels — and that there...
Silver price is on a good path to outperform gold, according to the Deutsche Bank analyst. Prices of both metals have surged in the past few months amid the struggling world economy as well as the declining U.S. dollar. Fundamental analysis: Silver to outperform gold? In 2020, bullion prices have rocketed...
In a broken world struggling to recover from coronavirus, a new pandemic threatens to destroy the remnants of mankind. That is the storyline of Covid-21: Lethal Virus, a TV movie in post-production that imagines another coronavirus will emerge next year. The low-budget film is unlikely to win any Oscars,...
About 50m face masks purchased by the UK government from a private equity firm cannot be used as they failed to meet basic safety requirements, according to documents filed in a legal challenge over procurement of personal protective equipment during the coronavirus pandemic. The Department of Health and Social Care...
UK builders reported their strongest monthly rise in activity in almost five years in July, as the sector rebounded further from Covid-19 lockdown restrictions. This was encouraging news for the government, which is relying on the construction sector to drive economic recovery. The construction industry purchasing managers’ index published...
When the Covid-19 crisis first arrived in the west, it briefly seemed that it might be a social leveller. After all, pandemics kill paupers and plutocrats alike, and can put political elites into hospital. Now, however, that idea seems a cruel illusion. The more the pandemic spreads, the more it...
Orders at Germany’s factories jumped by a record amount in June, fuelling hope that Europe’s largest economy is powering back into action after the damage from pandemic-related lockdowns. Incoming orders rose by 27.9 per cent in June from a month earlier, the Federal Statistical Office said on Thursday, after plunging...
The writer, a fellow at Stanford’s Hoover Institution, is the author of ‘Asia’s New Geopolitics’ In October 1907, as America’s banking system seemed about to collapse, New York financier JPMorgan stepped in to save the country’s economy. A failed attempt to corner the copper market had started a run on a key...
The Trump administration’s attack on TikTok, which may simply be motivated by the president’s “America First” instincts, nevertheless raises an important question of principle. Can cutting off market access to a foreign digital company because of how it may handle the data it collects be a legitimate act, based...