European Shares Inch Up In Cautious Trade

European shares inched higher on Thursday after a survey showed consumer confidence in Germany has improved more than expected. The forward-looking consumer sentiment index rose to -9.6 in July from revised -18.6 in June reflecting the rapid reopening of the economy after coronavirus-related lockdown and economic stimulus package, according to survey results published by market research group GfK. The score […]

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European Shares Set To Open On Cautious Note

European stocks are seen opening on a cautious note Thursday as a continued surge in coronavirus cases and fresh trade tensions dimmed investors’ hopes for a quick economic turnaround. Asian markets followed Wall Street higher, while the dollar clung on to broad overnight gains. Oil extended losses after sliding more than 5 percent in the previous session. Gold traded flat […]

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Vaccine optimism, improving data lift Wall Street

NEW YORK (Reuters) – U.S. stocks moved higher on Wednesday as rising hopes of a safe and effective COVID-19 vaccine eased concerns another round of lockdowns was likely following a record surge in coronavirus cases in the United States. Pfizer Inc’s shares rose nearly 5% after the drugmaker said a COVID-19 vaccine being developed with German biotech firm BioNTech showed […]

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Business groups say flexibility needed to implement new North American trade deal

WASHINGTON (Reuters) – U.S., Mexican and Canadian business groups applauded a new North American trade deal’s entry into force on Wednesday, but said more work and flexibility was needed to overcome challenges including implementation of new labor and automotive rules. The U.S. Chamber of Commerce, the Canadian Chamber of Commerce and Mexico’s Consejo Coordinator Empresarial said in a joint statement […]

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Wall Street set for subdued open as virus surge threatens recovery

(Reuters) – Wall Street’s main indexes were set to open near-flat on Wednesday, as a record single-day spike in coronavirus cases in the country heightened fears of another lockdown and threatened to derail a nascent economic recovery. After notching up its biggest three-month gains since 1998 in the previous session, the S&P 500 looked set to begin the third quarter […]

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What economic lessons will the world learn from Covid-19?

Amy Traub is associate director of policy and research at Demos. The opinions expressed in this commentary are her own. For tens of millions of Americans thrown out of work in the Covid-19 economic shutdown, it’s not clear where money to pay the rent or the mortgage, the electric bill or the car loan will come from. While the stimulus […]

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Drastic Covid-19 Slowdown May Hinder Any Green Recovery

As Covid-19 spread across the globe this spring, flights were halted, commutes were cancelled and oil tankers floated offshore, waiting for a spike in demand.  The coronavirus cut global carbon emissions more than any other event in the last century. But the pandemic-induced slowdown may ultimately hamper efforts to curb climate change. Dubai, United Arab EmiratesMost polluted air today, in sensor range 31% Carbon-free net […]

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